Gold
I’ve always been the prudent type. I can’t afford to make major mistakes when it comes to money. Although I earn my keep, I usually end up almost empty due to various reasons. My quest for financial security, stability and ultimately freedom started when Soo Ling lent me her copy of Robert Kiyosaki’s bestseller, “Rich Dad Poor Dad”.
However, it never occurred to me how gold plays an essential role in our financial health until I read Robert Kiyosaki’s book “Prophecy”. In that book he discussed the impending economic and financial doomsday (estimated year 2008-2012) for America and the rest of the world.
To cut the story short, money (and assets) as we know it may not be worth as much as today. In fact, we might face a crisis like when our elders had heaps of worthless “banana money” during the Japanese occupation earlier last century.
But gold is universally recognized as a form of money. And there’s no dispute to gold’s value. I now regret selling my 2 oz of pure gold bullion coins and using the proceeds to buy shares (which didn’t turn out to be a sound investment strategy). I bought those coins at USD 386/oz in early-mid 2004. They’re worth USD 555/oz at last check. Sigh…
No point crying over spilt milk now.
I should pull out of the share market and get into the gold market this year. Even real estate isn’t doing that well (based on Adrian’s comments about his work in the property business, as told to me by Jaime recently).
However, it never occurred to me how gold plays an essential role in our financial health until I read Robert Kiyosaki’s book “Prophecy”. In that book he discussed the impending economic and financial doomsday (estimated year 2008-2012) for America and the rest of the world.
To cut the story short, money (and assets) as we know it may not be worth as much as today. In fact, we might face a crisis like when our elders had heaps of worthless “banana money” during the Japanese occupation earlier last century.
But gold is universally recognized as a form of money. And there’s no dispute to gold’s value. I now regret selling my 2 oz of pure gold bullion coins and using the proceeds to buy shares (which didn’t turn out to be a sound investment strategy). I bought those coins at USD 386/oz in early-mid 2004. They’re worth USD 555/oz at last check. Sigh…
No point crying over spilt milk now.
I should pull out of the share market and get into the gold market this year. Even real estate isn’t doing that well (based on Adrian’s comments about his work in the property business, as told to me by Jaime recently).