Gold 
“I bought the house I now live in back in 1979. I thought the house was expensive when I bought it, but I loved the house and I loved the neighborhood. So I collected most of my available cash, and with a gulp, I bought the house. Today the house is worth around six times what I paid for it back in 1979.
At that time gold was rising rapidly. Less than a year after I bought my house gold sold for over $800 an ounce.
Now it’s 29 years later, and it’s 2008. What can I buy today at 1979-1980 prices? Russell, you’ve got to be kidding. Everything is much more expensive today. Forget those prices of 1979-1980. Get into reality, man.
Wait, there is one thing that I can buy today at around 1979-1980 prices. That one thing is gold. Gold today is selling just a bit higher than it sold for back in January 1980. How can that be? Brother, it be. Today you can buy gold for just a few percentages more than gold sold for at its high in January 1980.
‘Hey Russell, does that mean that gold is a bargain?’ My answer is that I don’t think of gold in terms of it being bargain-priced, I simply think of it as real money that is catching up to the times. I can’t buy the Dow at its 1980 price of 850. Hardly, the Dow is selling at 14 times its 1980 prices. Well then, how is it that gold is still under 900? That’s a long story, but let’s just say that I really don’t know. I do know that gold is underpriced compared with almost anything else. So yeah, when I think about it, yes, gold is a bargain. And I like bargains — particularly when the bargain happens to be real money.”
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