Turtle...your father was justified to think that nothing had changed since the Great Depression. We are now in the midst of the second great depression....which promises to be much worse than the first. His CD investment would have served him in good stead over the past 10 years....blowing away stocks as 10 years worth of equity value was destroyed in a few days. The global economic meltdown is going to get much worse before it gets better....and that is why I am optimistic with my investment in KRY.
Your father was a wise man. Nothing has changed since the great depression or the fall of Rome. Mankind remains hostage to his own God given defects.