:55:01
But l will tell you and every
trader will tell you
:55:04
who was not in
that building
:55:06
and who was buying gold
and who owned gold and silver
:55:09
that when it happened
:55:11
the first thing
you thought about was
:55:13
well how much is gold up?
:55:16
The first thing
that came to mind was
:55:18
my god gold must
be exploding.
:55:21
Fortunately for us all
our clients were in gold.
:55:25
So when it went up they
all doubled their money.
:55:28
Theyve all doubled
their money.
:55:30
It was a blessing
in disguise.
:55:33
Devastating you know
crushing heart shattering
:55:39
but on the
financial sense
:55:40
for my clients that
were in the market
:55:42
they all made money.
:55:43
Now I wasnt looking
for this type of help
:55:47
but it happened.
:55:50
When the us bombed
Iraq back in 1991
:55:55
the price of oil went
from $ 13 to $40 a barrel
:56:01
for Christ sake!
:56:02
Now we couldnt wait
for the bombs
:56:04
to start raining down
on Saddam Hussein.
:56:11
We were all excited.
:56:13
We wanted Saddam to
really create problems
:56:15
Do whatever you
have to do
:56:17
set fire to some
more oil wells
:56:18
because the price is
going to go higher.
:56:21
Every broker was
chanting that
:56:22
there was not a broker
that I know of
:56:23
that wasnt
excited about that.
:56:28
This was a disaster.
:56:29
This was something
that was you know
:56:30
catastrophe happening.
:56:32
Bombing wars
:56:35
In devastation there
is opportunity.
:56:43
The pursuit of profit
is an old story
:56:45
but there was a time when
many things were regarded
:56:47
either as too sacred or too
essential for the public good
:56:51
to be considered business
opportunities.
:56:54
They were protected
by tradition
:56:56
and public regulation.