How to make your first million 2
On paper
In my first ‘How to make your first Million’ blog, I said you need to understand the nature of money and that the paper stuff goes down in value. This is because they keep printing the stuff! That gold sovereign in the picture however, goes up in value. I know, I know, gold is going to drop in price any minute and I should sell and invest in shares! It dropped a little last week and then went up yet again, people said sell at $1,000 a ounce, $1,500 an ounce and we are on our way to $2,000 an ounce! When interest rates rise and they are higher than inflation, then I would think; maybe, that selling is a good idea. (more…)
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