April 7, 2016

AND PRETTY MUCH A RUN OF THE MILL GOLD BUG AT THAT:

Dead wrong: Osama bin Laden bet that gold was going to $3,000 (BARBARA KOLLMEYER, 4/06/16, Money)
 
A year before Navy SEALs stormed his compound and put an end to Osama bin Laden, the al Qaeda leader was puzzling over a question with which every investor is familiar: where to put his cash.

The decision made was to put the money into gold and coins. Osama bin Laden -- the gold bug.

"The overall price trend is upward," the terrorist leader wrote in a letter to Atiyah Abd al-Rahman, the al Qaeda general manager, according to the New York Times. "Even with occasional drops, in the next few years the price of gold will reach $3,000 an ounce."

Posted by at April 7, 2016 7:37 PM

  

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