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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (63999)	6/18/2006 1:46:47 PM
From: Tommaso	Read Replies (2) of 110194

The 76-year-old pensioner might still be right, actually, and the "wise" young investment advisor, who has called the end of the gold bull market, may find herself deciding when gold hits $1,000 that it is "proven to be a safe investment" and put 50% of her own money in gold. My favorite investment story appears on the Florida state web site, about the real estate mania in the 1920s. There was an old man who took all his savings and bought a piece of property for about $1,700. His son decided that his father had lost his mind, and had him committed to a mental hospital. After a few years the property was worth about $170,000 (well over a million dollars in 2006 purchasing power). The old man hired a lawyer, got himself released from the booby hatch, and sued his son.

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