Unfortunately Father bought stocks on margin in 1929. When the crash came we had to move out of the city house onto the farm. If he hadn't had his gold I think we would have starved during the 30's.
Maybe so, but you would have been much better off with government bonds or even cash. Your grandfather and W. J. Bryan were right --- the overwhelming majority of people benefit from a low level of inflation, whereas gold is inherently deflationary.
95 posted on 12/09/2005 5:08:32 PM PST by Alter Kaker
(Whatever tears one may shed, in the end one always blows one’s nose.-Heine)