Gold is Not Your Best Investment, You Are!

I tell you, if I hear that commercial one more time; I believe I will honestly lose my cookies. I am sure you have heard it too. The commercial sounds something like this, "In this economy, with this president with this run away congress, with the sky falling all over your head, your best investment is GOLD!" I am sorry but I still believe they are wrong.

I believe the your best investment in these tough economic times or anytime for that matter is, you! What do I mean by that, what do I mean "you are your best investment. Quite simply you, little old you, will earn more (or possibly cost yourself less if correct choices are made) over the next 20 years than any single purchase you might make.

Some people have asked me, "why are you so negative toward gold. What did it ever do to you?" I answer quite simply, "I don't trust the hype and I don't see a logical explanation for the demand." If so many people are spending so much of their time trying to get so many people all hyped up to buy something, I become suspicious. I am a highly trained professional skeptic. For years I have been working with people who have "all" of the answers and now that I have lived long enough, I am able to simply remember.

I can remember when the price of gold went down. That actually can and does happen when certain conditions exist. I can remember when the next best deal was Internet stock. And then Internet stocks crashed. I can remember when real estate in southern California was THE best purchase and then, well you all are familiar with that one, the price of real estate in California went down.

I understand that in some neighborhoods the values are returning and that is to be expected. The resolute American attitude of, "this too will pass," has helped this country to become the greatest bastion of freedom and opportunity the world has ever seen. No matter what puny man can do to mess it up, the resolute American will work and scratch to find a way out of any mess dumped on them. We are just that type of people...well a lot of us are anyway.

For the benefit of those who still want to improve their condition without a government handout, I will continue to shout from the roof tops, "invest in yourself first."

Precious metals are holders of wealth; but, that is about all they can do. Unless they become part of the wiring system of a car airbag or a beautiful piece of jewelry, Gold is a stagnate, non-contributing asset. People selling gold want you to divert your income producing wealth into a non-income producing defensive asset. An asset that cannot be used to buy a gallon of milk or bag of potatoes, until you sell it. The price of gold is determined by its scarcity and buy the demand of those rushing to buy it. That would explain the continual hype on the morning radio. I refuse to play.

Get yourself moving. Get motivated, get in shape, get going. I have found the study of scriptures as the first place to turn then try someone like Brian Tracy or Stephen Covey. They both have a ton of ideas that will help you become the best person ever, someone who is moving not sitting and waiting. Remember the words of my father; "there are three types of people in this world, those who makes things happen, those who watch things happen and my old Teamster buddies who stood there wondering, "What the heck just happened!"

Don't buy gold. Buy something that will add value to yourself first.