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Learning From the Most Ruthless Robber Baron (Jay Gould) | Greg Steinmetz
Forward Guidance
The Uncertainty of the Gold Market
Gold thought that, well, there might be an opportunity to make money here because everyone believed that the tendency of gold was to fall versus the greenback. So with the help of Grant's brother-in-law, he argued how Grant would really be doing a favor for the farmers by letting the gold price go up. He did this against those who regularly trafficked in gold on the gold exchange and the gold price started going up. The gold price went nuts and when it crashed, disastrous consequences ensued. There are people who got destroyed, ended up killing themselves, like I said before: Gold is never brought to justice.
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