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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.02+0.1%Dec 19 4:00 PM EST

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To: maceng2 who wrote (46369)2/13/2009 7:36:01 PM
From: energyplay2 Recommendations  Read Replies (1) of 218649
 
To paraphrase a rhyme about Sam Zell -

If you buy when Brown (Gordon) is selling,
A stately pile may be your dwelling....

Brown sold gold around $280 USD in 1999 I think.

From Wikipedia Gordon Brown -

Gold sales: Between 1999 and 2002 Brown sold 60% of the UK's gold reserves at $275 an ounce.[41] It was later attacked as a "disastrous foray into international asset management"[42] as he had sold at close to a 20-year low. He pressured the IMF to do the same,[43] but it resisted. The gold sales have earned him the pejorative nickname 'Golden Brown', after the song by The Stranglers.[44]

Sam Zell is a US real estate mogul, known for buying low and selling at the high...

"If you buy when Zell is selling
A cardboard box will be your dwelling"
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