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Sunday, February 24, 2008

Me and Chuck!


I'll keep you updated, but I have a high interest savings account with Charles Schwab that is paying roughly 4% interest. From that account, I have a brokerage account where I have money invested in a stock fund in gold/silver bullion. My idea (at least for now) with my Adsense checks is not spending that money - as if i never had it! I would put it in the account and either stay in cash, letting it compound at 4% until I find other suitable investments or I'd put it into my gold/silver stock fund. I literally bought this fund after a recommendation from my father-in-law, who is a retired stockbroker. He recommended gold when it was $300. People laughed at him. Now that Gold is pushing $1000 an ounce, his 100 one-ounce gold coins are looking like a pretty good investment! He also has money in gold as well as oil ETFs. Nonetheless, since I've bought in just three months ago, I've already made 18% on my money - good for the year if you ask me! Gold may pull back a little as people take profits (good time to buy in), but as the US slumps deeper into a recession and the greenback continues to trickle down in value (as it is WORTHLESS PAPER), gold will continue to rise. So, I will be putting my Adsense cash into interest-bearing accounts that will hopefully compound my money exponentially! Now, wouldn't that be fun?!!!

Disclaimer - I am not a stock professional. Please consult your financial advisor prior to making any investment decisions based on these recommendations. Thank you.

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