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'I would rather own a mine than a bank.'In 1981 an 'investor' was quoted in Barron's - buy oil stocks because it is the next best thing to owning the physical asset. And then POWWWWWWWWWWWWW. All gone.Its always been that way.
Last I looked it was 2011. The US was a much different place in 1982. Also, 1982 was the birth year of the FIRE economy, built on paper, that is now all burned up.