1974, Jim Sinclair said the final price the market will peak at $ 900 mark per ounce. January 21, 1980 at the London gold fixing price reached a maximum at the time of $ 850 per ounce. The same day, Jim immediately sold all his gold at that price, earning a net profit of $ 15 million (now about $ 40 million). The next day the price of gold fell to $ 763 per ounce. It was only November 11, 2007, 27 years later, gold could rise again above $ 800 an ounce.