Quote:
Originally Posted by Brujah
Les, before you laugh like an idiot why don't you do the math?
A 200k investment in Ford in October 2008 would have made him a 300% ROI, or about $600,000+ at close today.
A similar investment in Gold would have only yielded about $75k profit.
|
Yea, and I made a KILLING when AIG bounced back, but we're not talking about any of that,
we're talking about gold. We're talking about people laughing at him about buying gold.
Call it a guess, but
if this freaky looking dude is smart enough to see such a gold spike coming and have the cash to spend that much on it, there is a good chance he is a serious market player to begin with and is quite diversified. I'd be surprised if he wasn't. Normal Joe types don't spend $400k on gold. They also don't put horrid tattoos on their body either, but I guess that's up for debate.