comprehensive jim sinclair interview, page-53

Bingy,

Maybe it's 'different this time', is that right?

If you bought gold in 1801, and still lived to tell the tale you'd be broke. I can tell you weren't around for the last massacre in 1980, that was a wonder to behold. Probably none of the goldbugs here were, otherwise they'd say.

1801 to 1998, 197 years, a pretty good time frame to compare gold with other investments, and it's an abject failure, not 'cherry picking', 197 years isn't 'cherry picking'.

What we have here, as I've said before is the new generation with the new explanation, but it's not that different at all.

Those that ignore history are doomed to repeat it.