The spot of gold is currently $1,970 per ounce. The forward price (long or short) for delivery in one year is $1,980. An arbitrageur can borrow or invest money at 4% (semi-annual compounding rate). What should the arbitrageur do? Assume that the cost of storing gold is zero and that gold can be borrowed for a cost based on the spot price of 1% semi-annual, payable in cash when the gold is returned.