Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

As An Investor, Osama Bin Laden Was Bullish on Gold

FYI: It appears so. At the end of 2010, Al Qaeda found itself suddenly flush after securing a $5 million ransom, and the group had to decide what to do with its windfall. At a time when the financial uncertainty of the Great Recession made gold a hot investment, Bin Laden turns out to have been as bullish about the precious metal as any Ron Paul devotee, Tea Party patriot or Wall Street financier.
In a letter that he wrote in December 2010, Bin Laden instructed Al Qaeda’s general manager to set aside a third of the ransom — nearly $1.7 million — to buy gold bars and coins.
Regards,
Ted
http://www.nytimes.com/2016/04/06/world/asia/osama-bin-laden-was-bullish-on-gold.html
Sign In or Register to comment.