It’s time to sell your gold. At the height of the Great Recession investors and doomsday preppers alike flocked to dump all their assets in gold, the safest of all investments. It was perceived that gold was the soundest investment in the turbulent market since it has a consistently increase in value over the last decade. In fact it had gained 650% since 1999. This was once true of the real estate market as well. The thing is, gold has no real utility outside of its use in manufacturing certain electronics and its use in jewelry. So the price of gold is mostly fixed to what someone is willing to pay to own it. However, gold is on the decline losing 17% value since 2011. Big investors are pulling out of the market and ordinary citizens are seeing their once foolproof investment dwindle before their eyes.
It’s sometimes hard for some to accept that this was just a bubble that inflated beyond its true value and not a real consistently sound investment. There will be those who will say this is only a hiccup and gold is worth more than the market appreciates. However, I find in situations like this it’s best to look for the next big foolproof investment bubble. It’s Wampum.
Wampum, cut sea shells woven together in strings or belts, was once a currency and jewelry of the East Coast Native American tribes. Today Wampum is still around mostly in Native American tourist traps and online retailers. But the real allure to an investment in Wampum is that it is a completely arbitrary item, just like gold. I personally predict that if you get in on the ground floor you stand to make a 1000% return on your original investment in as short as 7 years. At which time I predict the bottom will fall out in the Wampum market and the next new big investment will be these giant stones with holes in the center that early humans decorated their lawns with, doomsday preppers will love these.