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I remember the story of Samuel Brannan who made lots of money selling picks, shovels and pans to gold miners during gold rush in 1848. Quote from Wiki: "Brann
by hal9000xp 9y ago
I remember the story of Samuel Brannan who made lots of money selling picks, shovels and pans to gold miners during gold rush in 1848.
Quote from Wiki:
"Brannan moved to New Helvetia, where he opened a store at John Sutter's Fort. When gold was discovered, Brannan owned the only store between San Francisco and the gold fields -- a fact he capitalized on by buying up all the picks, shovels and pans he could find, and then running up and down the streets of San Francisco, shouting "Gold! Gold on the American River!" He paid 20 cents each for the pans, then sold them for $15 apiece. In nine weeks, he made $36,000."
https://en.wikipedia.org/wiki/Samuel_Brannan#California_Gold_Rush https://en.wikipedia.org/wiki/Samuel_Brannan#California_Gold...