Friday, April 19, 2013

What is the fair price for Gold?

If you really believe gold is only worth $800, you know about $400 less per ounce than it cost to mine, then I'll gladly buy it off you. Then you will be free to go buy some beautiful coloured paper or maybe some CDS, MBS, CFDs held by a nice brokerage firm run by men with nice beards.

Gold is many things to many people, to me it is a hedge against men with nice beards.

Jon Corzine (former CEO of MF Global)
Ben Bernanke

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