Skol's comment ....
"We'll see who's right, so far the gold punters who've invested in gold shares are wrong and Buffett is right. If you're sitting on any profits, which I doubt take them now.
Gonna make your fortune in gold? Good luck. LOL"
Skol's post on the 3rd May 2010 ....
"I think he's wrong.
I'd say more like $450 myself.
The correct inflation adjusted value.
The rest is all hype and herd instinct."
http://hotcopper.com.au/post_single.asp?fid=279&tid=1161821&msgid=6518714
Apparently gold was going to crash down to $450 when it was at $1200. Then gold went up to $1500 and he revised his figure at $750. LOL since then its gone to $1900 and has now settled around $1700.
His price predictions have been clearly grossly wrong. His posts are just opinion and bearish rhetoric. If gold doubled from here he'll just keep revising his figure up.
Pretty sad existence if you ask me!
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