The Price of Gold and the Southern Oregon Real Estate Market
Has anyone noticed what’s happening to the price of gold lately? This precious metal has risen steadily over the last year, gaining 6% in value in 2008 compared with the 50% slump with other assets. Gold is currently at $1,050 per ounce and last week gold rose $41.30. Why all this interest in gold? The recent demand for gold from investors has climbed steadily, because investors have always purchased gold in order to protect themselves against inflation. It’s a given that in times of uncertainty, the price of gold goes up.
But lets not forget about the other traditional protection against inflation — real estate. While the Southern Oregon real estate market has devalued in recent years, along with real estate across the nation, the Southern Oregon real estate market is clearly on the uptick. Real estate prices have hit the bottom and are beginning to display an upward trend. And while the price of gold and the price of real estate are linked together as inflation protectors, the advantages of real estate ownership are better known, more diversified, and subject to less risk. We all know that in the long run, real estate appreciates. We also know that real estate can be rented and produce income. And now, even the federal government assists with the purchase of real estate by offering an $8000 tax credit. Gold or real estate? As the old prospectors used to say, “There’s gold in them thar hills.” My advice… invest in the hills.
A Socially Conscious Real Estate Consultant
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This entry was posted on Wednesday, October 14th, 2009 at 9:00 am and is filed under the category Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
