You know I look back and gold bonds used to be issued in the 1800s. And I saw an example of a gold bond that was issued in 1888. It had a 6 percent coupon, payable in gold. And I did the calculations of compounding the interest rate, compounding of the price of gold that has risen, and that $1,000 bond was worth $60 million today.
And I thought, you know what? That’s the story of gold -- that it protects you in (dangerous) environments, and it gives you this huge, outsized return, not withstanding these massively violent, brutal attacks, where everyone is trying to get you to stand away from the market. I hope all your (readers and) listeners have resilience, stay the course, and continue to buy as I will be buying, and I look forward to some wonderful returns going forward.
- Source, Eric Sprott via King World News