I first presented the “Lehman Squared” and “Gold’s Perfect Storm” investment thesis in a large public forum during the LBMA conference in October 2014.
“Lehman Squared, sounds ominous,” tweeted one of the listeners as I spoke.
During the discussion I was asked for my gold price outlook: “a few hundred dollars of downside, and a few thousand dollars of upside,” I replied. A view diametrically opposed to the overwhelming pessimistic outlook held by the majority of the market at that time.
“The timing is unsure, it could take 3 to 5 years, who knows, but in my view much higher gold prices are just a matter of when, not a matter of if” I added. “But be careful what you wish for!, as much higher gold prices may be the ...
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