director dunlop. director richardson. director moss. director lai.have a quorum. >> supervisor tsen: wonderful. let's see the general public comment? >>> clerk: item number two, general public comment. this item is to all members of the public to address the board on matters that are within the subject matter jurisdiction of the authority board and that do not appear on today's agenda. and in addition to general public comment, public comment will be held during each item on the agenda. members of the public may address the board for up to three minutes. you will hear a single chime when there are 30 seconds remaining. please state your name and the organization that you are representing if any for the record. >> supervisor tsen: anybody who wishes to address the board please come up. yes? >> madam chair and ladies and gentlemen of the board and ladies and gentlemen of the audience and director beck and miss austin. my name is jim hancock, the president and founder of the san francisco sailing science center incorporated, a california non-profit bene

it has caught the intention of jeffrey dunlop here's what he said earlier today. >> the price of gold has been off the radar screen it's interesting how it can't get momentum above 1350. it doesn't drop. that's consolidating sideways. the gold, the dollar, and the ten-year are enter twined. they are all consolidating sideways after big moves it's going to be interesting to see which way they break. >> maybe our next guest can help us figure that out carter worth is at the plasma to break it down. >> which way do they go? that's always the question let's figure it out for gold i thought i would start with this since we went off the gold standard with when nixon in august of 1971 said you cannot convert your dollars to gold what i have is a table of every year where the s&p was down 10% or no more now we are down only 1%. in those years, you can see the dates there, gold performed well, exceptionally well this the inflationary period in the '70s even in '02 and in '08 with that as a back don't i want to look at charts and talk about gold as an aset class because it is that despite what