You haven’t made a penny until you actually sell it. And who knows what the price will be when you sell it. Could be massively higher, could be a big loss, could break even.
My father-in-law made that mistake with his investments. He kept saying how rich he was because of a couple of stocks and during the recession those stocks dove. He eventually cashed out and bought all gold. Now he lives on his social security.
Yes, Nixon was a major big govt liberal. Gave us the EPA etc.
One of the conspiracy theory’s I read about why we bombed Libya, was Qaddafi was only going to accept gold for oil. I have no idea if that’s true, and can’t find the article anymore.
But, hey, we have no idea why we bombed them. But it drove up the cost of oil, so if Trump had done it, it would have been called a war for oil…