Investment: Gold in Geriatrics

Anyone who has tried to find a proper nursing home for an aged relative has suffered a special agony. Homes that offer merely adequate care and comfort are hard to find, and the demand for places in them is rising steadily. For one thing, the 65-and-over population, which is already approaching 20 million, is growing by 1.7% a year, compared with 1.3% for the total population. Government programs also subsidize the convalescence of the ailing aged. For an oldster who has been in a hospital at least three days, Medicare will pay...

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