Monday, 30 April 2012

Gold at $2,000 - The Bet.

On 16 April, 2008, Charles Oliver, senior portfolio manager of Sprott Gold and Precious Minerals Fund made a bet at one of his first meetings with Sprott clients. Gold was trading just over $920 an ounce, and he told them it was going to $2,000 in the next four years and that if he was wrong, he would shave the hair off  his head.

 Well, he got close, but a bet is a bet, so on April 16, 2012 his hair was shaved on BNN. (7 minutes video)
Footnote: After losing his hair, Charles Oliver is still convinced that gold will hit $2,000 an ounce in 2012.

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