In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As a result, gold can be very volatile - upward and downward - at the peak of a crisis.
I'm a big fan of [Frank] Sinatra, he was the best at what he did. The last thing I do is model my career after him, though, because we do different things. He was a great singer and a great actor. . . It never crossed my mind to emulate his career, because we have different interests.