There’s no sugarcoating it now: the economy is definitely in the toilet. Prices are rising on almost everything out there, income levels are flattening out (at least in my neck of the woods), and foreclosures continue to skyrocket in major cities across the country.
At a time like this, what’s a good investment to make? I don’t really want to put my money in the stock market now because I know I wouldn’t be able to stomach the roller coaster ride as the Dow Jones falls 400 points, gains a couple hundred, falls again, etc. I would get ulcers for sure!
Maybe this is the right time to invest in gold bars or bullion — both of which are probably going to be more stable than the stock market, at least in the near future.
I’m going to have to talk to hard asset professionals about this before making any moves, but gold seems to be the way to go in this weak economy.