GOLD AND REAL ESTATE

When you have this much uncertainty in the world, there aren't many alternatives. There's a lot of skepticism out there right now, and folks expect the sovereign-debt contagion to continue and escalate. The nations of the world are out of money, including US, and we are all incurring more debt and more obligations.

Gold is a hedge against inflation; and if you bought a year ago (or more) then you're fine. You've increased your estate - for now. But what can you do with it other than hide it?

On the other hand, real estate (the other "best investment") is usable and liveable, and it sustains life while providing security. Gold is satisfying to hold in your hand and look at; but it isn't usable; you can't live on it; and it can't sustain life and provide security.

My advice in perilous times is to use available cash to buy life-sustaining, usable, liveable real estate. Nothing else is like it.