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I thought so.

All right. I'm going to tell you one more once. This time largely by quoting Mr. Myers himself for the past 12 months.

On March 30, 1979—when everyone else started crawfishing at gold's then unheard—of price of $241.50—C.V. boldly predicted $1,000 gold. Because, as he explained, the price of the metal had become tied to U.S. use of oil . . . which we were paying for with nothing but paper IOU's . . . which sooner or later would be cashed in. And when those roughly $750 billion in world claims on the dollar were paid off with the approximately 750 million ounces of gold in Europe and the United States ... gold, quite obviously, would be valued at about $1,000 per ounce.

Myers, however, stood alone in those views. By July 20, 1979—with gold at $298.75 and the timorous yelling "sell"—Vern was the only advisor who could see that the metal was being remonetized worldwide. "This is not a speculative market," he said. "It is a huge volcano building steam."

Gold then leveled off, and the more hysterical consultants jumped ship completely. C.V., however, stood fast and—on September 14, 1979, with the yellow metal at $332.20—coolly noted that it had started to gain against all currencies. "This movement is like a . . . tidal wave. The force is so great that the ebbing will be small, while the flow will be strong."

September 27, 1979 found gold at $395.50 and Vern Myers calling it "unstoppable". One newsletter writer issued a sudden "Red Alert" to buy the metal . . . then just as abruptly reversed himself and screamed, "Sell!" Vern never blinked. "A 100% investment in gold is not a risk at all," he said. "It is a retreat into safety." And he tied his statements to U.S. and European energy consumption, Arab oil production, and South African gold output with irrefutable logic.

By October 19, 1979—with gold corrected slightly to $380.50 (enough to really shake out the weak sisters)—Mr. Myers was still holding. He was also predicting $30-a-barrel oil (two months before it became official), a massive decline in housing starts, a serious plunge in auto production, and other economic ills that have already started to come to pass.

November 16, 1979. Gold at $386.00. "Hold," said Vern, who then pointed out that Carter's recent freeze of Iranian assets was the beginning of the end for the dollar. He also noted that $50 and $100 bills were getting scarce around the country. "People are now beginning to hoard greenbacks ... the banks are getting shaky."

December 7, 1979. Gold at $434.00. Myers was adamant about an eventual price of $1,000 for the metal. "It's only a question of time." The rest of that MFE was concerned with Russia's growing shortage of oil and the prediction that the Soviets would soon make a major move in the Middle East. "The military implications are huge. The political stakes the most important we have ever faced. The U.S. must arrive on the scene in force. Nothing less than this can secure the safety of the energy supply for the Western World over the next few years." That's what Vern said. Little Jimmy Carter said, "Ho hum" ... and watched the Russians roll into Afghanistan.

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