That is Grice’s fair value call. A more conservative estimate is 1/4 the DOW Jones average which would put us at $2,200-$2,500….
Gold currently down $19 @ $1,807
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Lol this title makes no sense. If gold still backed the dollar, fair value would be $1.
But I get what the author was trying to say.
Well, I think he’s talking “fair value” of GOLD in “fiat dollars.”
IOW– Gold itself would have to be re-priced at $10k in order to sop up all the shit dollars that are out there and make them equivalent to the gold extant that backs them.
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