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Quote by James Grant

“To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.”

Quote by James Grant

Author

James Grant, born in 1946, is an accomplished writer whose works span various literary genres, known for his profound insights and rich imagination. more

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