[lbo-talk] 12%, plus

[Joanna]

Marta Russell wrote:
> 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
>   
I bought at four hundred and happily watched it double. Opinion is 
divided as to where it's going to go.

Some say it will continue up because of global currency inflation; 
others say it will go down because it's a commodity.

I'm betting on up.

Joanna
>
> 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.
>>     
>
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