I Love What Bob Chapman Said on Saturday on www.radio.goldseek.com -

Even if it´s not 100% accurate:

Somebody called in and asked Bob how good an investement is gold during a depression.

Chapman said that in the last Great Depression when most everything in the markets was down more that 60%, Gold was down only about 20%. So, if history is any guide, if gold get up to $8,000, with a 20% drop, that´s gold at $6,400....

Then he told a story of a dentist who, around the time of the depression, had bought a lot of gold in addition to saving all the gold teeth that he pulled from the mouths of his patients. Then, at the greatest depths of the down turn, he sold the gold and bought large blocks of real estate...The dentist, according to Chapman, became fabulously wealthy.

Baires