If he had been smart, he would have sold it all at $1600, held the cash, then bought at $1200. But I bet most people didn’t do that.
If it ever comes to SHTF time, would a person be willing to fork over a gold coin they paid $1200 for to get a chicken or a quart of milk? If so, their stash won’t last too long.
all this gold bug stuff assumes there will be confidence in a hunk of metal after confidence in money is gone
Plata O Plomo.
Goldbug ping.