Thanks James. Actually I know him personally.
I was introduced to him about 20 years ago when he was in SA and he's even had a meal in my home, Further, I have a autographed copy of his book,"The Strategic Metals War", which was published in 1983. As I remember him, he's a very charming and likeable person.
As far as I know, his reputation is as a big speculator, not as a clairvoyant, and I understand from the person who introduced me to him that he has nearly wiped himself out on more than one occasion. Further, the Strategic Metals War, which he envisaged, didn't take place. So, I'm not "knocking" him, only reminding that he is as fallible as anyone/everyone else.
And his call that the gold price will rise $100 by August looks very dicey right now, especially after a $40 fall in the past few months, a much stronger USD, talk of a strong US economy and an imminent rise in interest rates, all factors which motivate against that happening.
Still, I'm not telling anyone what to do. All I'm saying is that people should watch their gold holdings like a hawk, if they have any, because, as I read it, the play which has been in evidence for the past three years has now changed. |
