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Porter's Journal Issue #109, Volume #2

How I Know Exactly What Gold Will Be Worth
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Table of Contents
I’ve been buying gold since the early 2000s.
Back then, it wasn’t hard to figure out that gold was cheap. Central banks were selling. At under $300 per ounce, the price was less than 50% of its previous peak, 20 years earlier. And the “ducks” were “quacking” for tech stocks, not gold. I remember posting on George Gilder’s Gilder Technologies message board that gold would outperform stocks for at least a decade in the early 2000s.
Lucky guess? Perhaps.