What about this on your xaml file:
<RichTextBox>
<Paragraph>
I want to show an image here!
<InlineUIContainer>
<Image Source="./image1.jpg" Height="350" Width="350" />
</InlineUIContainer>
</Paragraph>
</RichTextBox>
Save the content of your RichTextBox to a xml file and retrieve as is when you need to read it.
Hope it helps.
Regards.