“This guy was a very skilled investor— It appears, he just bet against the Federal Reserve. According to reports, he hadn’t worked in more than 40 years, but had $7 million in gold stored. It’s likely he bought most of his gold when he was working. In the 1970s, the price was as low as $100 per ounce. If ever there was a poster boy for a buy and hold gold purchase strategy that ignores short-term down turns, it is this guy. And, as if we needed more proof that Samasko was no fool, he left only $200 in funny Fed money in his checking account.”
http://www.economicpolicyjournal.com/2012/09/nevada-recluse-found-dead-with-7.html
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