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Retail Slumps, Housing Sector Troubles -- Does it Matter?

 
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CraigL

posts: 9051

Mar 16, 2007 2:32 AM ET    Quote  Report Abuse
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Nobody has to convince me about smart money and opportunity. :-) The bigger issue is HAVING the money to take advantage.

I remember learning about gold, way back in 1975 when it was at around $35/oz. Based on my learning, I accepted a high probability that gold would eventually move up into the $400 range. But I didn`t have the $35 to buy an ounce.

Today, it looks like gold will likely end up in the $700+ realm, and I still don`t have the money. :-) Okay...so I`m workin` on getting rich and famous, with emphasis on the Rich part. LOL!!

There are always excellent opportunities for people who have money when economic events seem to be slow. It`s that same issue of selling luxury cars during a depression. Someone always has money; there will always be rich folks.
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