Now some of you know that I have been thinking controversial thoughts even within the “alternative” investing space lately. It’s funny because I’m even a little uneasy about saying this but…I will come out of the closet. I no longer own gold.

I know, I know. Some of you are disowning me as we speak. My own hero Robert Kiyosaki loves gold and, if he heard me say that I don’t believe in it any more, he would never come on my show again.

Fortunately, I’m quite confident he doesn’t listen to my show so that shouldn’t be a problem. I’ll just wait a little while before I ask him to come back on again.

For those of you who have not heard me explain my stance on gold—well, I just don’t understand why I wouldn’t just own more real estate instead. After all, the reason to buy gold is as an anti-dollar. Gold goes us as the dollar goes down. In other words, it’s an inflationary hedge.

But so is real estate. In fact, real estate also throws off cash flow and can be leveraged. It is no more volatile than gold and it has tax advantages up the wazoo. Taxes on the sale of gold, on the other hand, are worse than capital gains.

Ok, so all that said, I’m still trying to keep an open mind. I’m talking to people and letting them try to convince me why I should own gold. And my guest this week makes some pretty compelling points.

So, if you are trying to figure out whether or not you should own gold, listen to this week’s episode of Wealth Formula Podcast. It may help you make the decision once and for all.