If I had to, I would give up gold forever and invest in this instead…
That claim will probably surprise anyone who has read my work over the years.
Sure, I’ve made a name for myself as “Mr. Melt Up” lately. And I started pounding the table on stocks as far back as the very early days of this historic bull market.
I told DailyWealth readers that the market had bottomed in March 2009… And I maintained my bullish outlook year after year, in spite of whatever market boogeyman was popular at the time.
Now, here we are in 2021… The market has been hitting all-time highs once again after the COVID-19 panic in early 2020. And I’m proud to see that my advice has benefited readers time and again for more than a decade.
But if you think I’m just a perma-bull and stock market cheerleader… you’re wrong.
Instead, I got my start by finding ways for my readers to profit… in gold. Today, I’ll share some of that history. And more important, I’ll share the one asset that would make me give up gold forever.
I began writing my True Wealth advisory way back in 2001 – two decades ago. Back then, it wasn’t a great time to recommend stocks…
The tech-heavy Nasdaq Composite Index was in the midst of an 80%-plus crash. And the benchmark S&P 500 Index wouldn’t bottom for about another year and a half.
So instead of forcing stocks, I looked for other investments. And I quickly found a wellspring of opportunities in the gold market.
The precious metal was near the end of a decadelong bear market.
To say no one cared about gold in the early 2000s would be an understatement.
I remember visiting my first gold coin show… The exhibit hall was half full. And I don’t think anyone there was below the age of 60.
This wasn’t a hot investment show. It was a tired group of collectors. But for me, a young guy looking for hated opportunities… it was perfect.
I started making gold recommendations to my True Wealth readers…
We bought several gold coins that soared triple-digit percentages. I recommended gold stocks as well – including Seabridge Gold (SA), which went on to be a 995% winner.
Gold and other alternative investments are what kickstarted my career. Those big winners helped put me on the map. But the thing is, if I had to…
I would give up gold forever.
That’s because another investment is even better. It’s one I’ve personally poured money into over the past decade… And while it has done well over that period, the biggest gains are likely just getting started.
So… what investment are we talking about here?
It’s not bitcoin or any other would-be gold substitute. Like those assets, this one will act as a hedge against long-term inflation. But it has a lot more going for it than just that…
It’s why I put almost all of my investment dollars into this asset over the past decade. And honestly, if you’ve read my work over that time, or DailyWealth in recent days, I’m sure you already know what I’m talking about…
Real estate.
I started buying properties in 2010, just as we were coming out of the housing bust. I’ve kept doing it ever since. And real estate prices have soared over that period.
But even given that rise in prices, we haven’t missed the boat… Again, if I had to pick one investment right now, I’d take real estate investing over gold. And it isn’t even close.
Tomorrow, I’ll explain why I believe the real estate boom will continue.
Good investing,
— Steve
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Source: Daily Wealth