And one of the guys who worked for me bought 80 pounds at just about the peak. Carried it to Riggs Bank in D.C. for storage in two bags, with a gun on his hip.
I have no idea about what he subsequently did with it.
A neighbor of mine believed the "Gold will hit $2,500 an ounce" folks and kept buying gold up to and after its $800 peak. Lost a huge sack of money, filed for bankruptcy, and lost everything, all because he kept scooping up every newsletter that talked about gold and how the stock market was going to crash Real Soon Now.