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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (62645)	6/3/2006 9:12:53 PM
From: Tommaso	Read Replies (5) \| Respond to of 110194

Sounds cheerful and OK. But at some point one wants to stop being a Scrooge McDuck and either enjoy or give away the value to those who need it. I guess my big lesson was at the end of the last big boom in gold and silver, when you could buy U. S. bonds paying 12%, and someone I know said meditatively, "That's a pretty good return." Did I listen? No. I thought precious metals were good to eternity. I was terribly wrong and the guy getting 12% was terribly right. I lost half my net worth holding on and on to gold and silver. So there does come a time to rejoin the entrepeneurial human race and buy either stocks or bonds that pay a return or represent ownership in an enterprise. Gold is sterile.