It was August of 2011.
I was watching CNBC, and the talking heads were gushing about how $2,000-an-ounce gold was a done deal.
Some were even calling for the yellow metal to hit $5,000.
The air was thick with fear at the time – everyone was afraid the US would default on the national debt.
(Remember that? The so-called “debt-ceiling” crisis?)
The smart money – Wall Street pundits were saying – was buying up gold, gold ETFs and gold mining companies with both hands.
The implications were clear – you’d better get in on precious metals, too… while there was still time.