Ah, the old “it’s worth 4x today’s price, but it may decline sharply” call. Very helpful.
If he wants some gold at 6000 dollars an ounce, I will be happy to sell him as much as he can afford at that price.
I’m curious how much tungsten gold was sold and how that affected the price. And like the silver hoax that when on for a decade, are there any undiscovered gold scams where the broker either never bought gold on behalf of their customers or did not buy enough to fully cover their obligations.
I have known Ben since the early 1990s when he was trading US Treasuries. He is an extremely bright guy. He did not say he would pay $6,000 per ounce, he said it is worth $6,000. Since Ben started his Gold fund gold has doubled from $800.00 to $1,600. In the same time the Dow has gone from 13,565 to 12,483 [that is after falling to 6,600]. My guess is that if you would say something like > “I would sell all he wants at $6,000!” You probably don’t have any to sell him at the current price.