[lbo-talk] 12%, plus

[Marta Russell]

What about gold investing?  I was told by someone who is trying to  
get me to buy gold bricks that gold has increased 30% a year for  
about 6 years now.  He claims inflation is at about 11%.  Is anyone  
buying gold or have any insights on that one?
Marta

On Jan 7, 2008, at 1:14 PM, g.a.s. wrote:


> Just listened to Bill Tabb 1/2 h ago on "Against the Grain" [KPFA].
>
>   He 's refreshing my shot brain/memory:
>
> http://aud1.kpfa.org/data/20080107-Mon1200.mp3
>
>   The Power of the Rich
> by William K. Tabb
>
>   ==
>   Once in office elected officials tend to get far richer
>   than they were when they entered politics. They are cut
>   in on various deals. They become unusually successful
>   investors. Empirical investigation reveals that in any
>   given year between 1993 and 1998 senators who played the
>   stock market did remarkably well. It turns out they were
>   prescient in anticipating the market’s movements up and
>   down, purchasing a particular stock before it took off
>   like a rocket and dumping stocks just in time.