Christo,

Thank you for pointing out that I was wrong, as you are correct in saying,

"I actually didn't hear Jeff C. say that Baires. [ I said, "Jeff C. said that gold will eventually rise to between $3,000 to $5,000 an ounce "].

I did listened to the debate again this morning under the influence of thick Argentina coffee, and I indeed hear that gold will rise to $ 3,000 to $5,000 an ounce, and you were correct, it was Bill M. who said it (at about minute 3:34), not Jeff C .

But, I did NOT hear Jeff C. say the price of gold would go to $5-$10K/oz, as you said you heard him say. When did Jeff say that?

What I heard Jeff C. say was that, in the context of a war, gold could go to $10,000.

Bill M. and Jeff C. did agree that Jeff C. said, at the Silver Summit, when gold was just under $1,000, that it would average out to be $941/oz over the next ten years.

So, after listening to the debate for the second time, I'm surprised that GATA's highest speculated gold price is only $5,000/ounce. Would that mean, if Rob McEwen of Gold Corp and Peter Schiff are right about the 1:1 Dow Share: Gold price ratio at the peak of the gold bull market, that GATA might be viewing their estimated peak in the gold price as occurring in a deflationary depression, i.e. Dow at $5,000?

Baires