Should I buy Gold and join the crowd? I would have to pass because it too expensive to get in now. You probably thinking that is so dumb; you don’t know anything. What hot right now won’t be hot forever? Technology was hot before now it is not. Gold is no different.

I am just going to focus on what people don’t want such as buying Well Fargo, Bank of America or Wachovia. I still like bank because the business is not hard for me to understand.You probably think why should I keep reading your article. because you miss buying Gold?

I admit that I miss buying Gold but Gold is not the only options against inflation. My only final thought with Gold is that in long term Gold is never a good investment. Gold only mirror the weak dollars it doesn’t protect against inflation well in the long run.

If you bet on Gold going up then you’re right. The question would be when Gold began to fall where would you find another winner? You can win one time but to keep on winning is very difficult. The success is not winning just one time but to win again and again.

Final Thought

I will keep on buying what people don’t want such as Well Fargo, Bank of America, or Wachovia. The business model is still in good shape. Managements have not jump ship. I cannot tell what will happen in the future, but one thing I do know is that I am buying these companies at discounts and with margin of safety.