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Message:: [QUOTE="Juan Blanco, post: 1582477, member: 41665"]Ah yes - the oft-repeated story of the shoeshine boy/ bellhop/ taxi-driver/ barber/ etc. "It is said that Henry Ford was taking the elevator to his penthouse one day in 1929, and the operator said, 'Mr. Ford, a friend of mine who knows a lot about stocks recommended that I buy shares in X, Y, and Z. You are a person with a lot of money. You should seize this opportunity.' Ford thanked him, and as soon as he got into his penthouse, he called his broker, and told him to sell everything. He explained afterwards: 'If the elevator operator recommends buying, you should have sold long ago.'" Similar stories say it was a bell-hop ("Buy Hindenburg!") and Joseph Kennedy who mkt-timed the crash successfully. Variants include Bernard Barooke "Sell it all! When shoe shine boys are giving out stock tips, its time to get out." Pretty sure I read it was John D. Rockefeller LOL Conceptually, this theme sounds right ... but 'the shoeshine boy' was almost certainly a totally fabricated anecdote. Goldcore Bullion's point, however, is entirely correct. Almost no Americans own any Gold at all (Paper or otherwise) and the continued selling of junk Au further illustrates that dumb money is still clueless, stuck on the wrong side of the wealth-trade. But on websites Paper-Bugs have been claiming for YEARS (since 2004, I've seen) that "the shoeshine boys" are buying. So... who's lying?[/QUOTE]