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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: patron_anejo_por_favor who wrote (31960)5/6/2005 2:59:35 PM
From: ild  Read Replies (2) of 110194
 
"More money has been lost chasing yields than at the point of a gun."

I personally know that all this year many financial advisers at bank branches has been placing many clients into GM bonds. I have a cab driver friend who sold his LA condominium and had to deal with $300,000 in cash. He called me after he was advised to buy GM bonds. He didn't believe me when I said GM would be BK, but still didn't buy the bonds. I placed him in a little GLD. Gold does have some allure. I guess I need to make him to buy some gold coins. Problem that Tulving doesn't sell less then 15 oz.
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