good short read - jim sinclair, page-12

Hilldweller...you said
"Gold has no use in this world except as an ornament, and a poor one at that."

mmmmmm well lets go back to 1970
gold $35oz, petrol at the pump 0.08 per Ltr
Jump to 2003
gold $350oz, petrol at the pump 0.88c per Ltr

$100,000 in gold at 1970 now equals $1,142,000 in 2004.
$100,000 cash held in Frazer speek "under the matress" equals $100,000 cash in 2004.
$100,000 cash in bank at 6% int from 1970 equals after tax in 2004 $500,000 approx.
Regards John