Is it Worthwhile to Buy a High PageRank Domain and 301ing it?

What happens if you want some good link juice to your domain? You may engage in the practice of buying a site and 301ing it to your old domain. In yesterday's PubCon session, we even talked about buying sites for maximum exposure and minimum risk. But the question is really: will you get juice by doing this?

At a High Rankings Forum post, member Randy claims that Googlers say that the "trust" of the site gets reset upon a domain transfer and that you won't get the PR value. At the same time, how is Google to know that you have bought a domain for this purpose? That said, Randy says it's 50/50.

If you have experience in this area, the comments area of this post is waiting for your insights.

Forum discussion continues at High Rankings Forum.