Preheat oven to 325°F. Grease and lightly flour a tube pan or Bundt pan or spray with nonstick baking spray; set aside.
Sift the flour three times.
In a large bowl, use an electric mixer to cream together the butter and sugar until light and fluffy (about 5-6 minutes). Add the eggs, one at a time, mixing well after each addition. Scrape the sides and bottom of the bowl periodically.
With the mixer on low, alternately add the flour and the cream, starting and ending with the flour. Mix until combined. Stir in the almond extract and the vanilla extract.
Transfer the batter to the prepared pan. Tap it a couple of times on the counter to release any big air bubbles.
Bake the cake in the center of the oven for about 70-80 minutes, or until the top is browned and the sides begin to pull away from the pan. Let the cake cool in the pan for 10 minutes, then invert on a serving plate or wire rack to cool completely.