comprehensive jim sinclair interview, page-12

dan,

Can this guy pick lotto numbers, because that's how stupid it is?

He says that gold's worth $12,400 because he's an idiot. No one on Earth knows what gold's worth because it doesn't have a P/E.

I know what he's done, world gdp/amount of gold.

Gold is only worth what someone else is willing to pay for it.
It's the greater fool theory, the greater fool pays the most and the greatest fool most recently paid $1920.