Loading ...He was just another victim of the same things us gold bugs have been dealing with for decades. The instability, and unpredictability, of an artificial man made manipulated financial system.
I remember hearing him saying something like….”I should have taken that $156 million loss”. But instead, he took a chance and figured a recovery, but things got worse instead. And it became a “point of no return” situation.
He didn’t realize, imo, that the game that started in 1913, finally ended in 2008. Because of 9/11/01. And what ever people were getting away with in the long term pre 2008 past, was over.
And that poor guy was the first one to find out. Many others came after him.