To: editor-surveyor; CalifScreaming
“Gold will do well though, just as it did in 1979.”
***This isn't 1979. Nothing like it. ***
Gold went up because of the Iranian hostage crisis. When Reagan came in gold took a dive.
To: Ruy Dias de Bivar
7 posted on
12/23/2008 8:12:24 AM PST by
editor-surveyor
(The beginning of the O'Bummer administration looks allot like the end of the Nixon administration)
To: Ruy Dias de Bivar
My understanding was that gold went up because there was speculation that Reagan was going to restore the Dollar to using lawful money (gold and silver) instead of the un-Constitutional Federal Reserve Notes that we have now.
11 posted on
12/23/2008 8:22:03 AM PST by
ikka
(Brother, you asked for it!)
To: Ruy Dias de Bivar
Gold went up because of the Iranian hostage crisis. Gold was a refuge from inflation, which was running at 13%.
When Reagan came in gold took a dive.
Yes, but not because of the hostage crisis. Investors expected an end to inflation because of Reagan's expected fiscal policies.
12 posted on
12/23/2008 8:23:43 AM PST by
Aquinasfan
(When you find "Sola Scriptura" in the Bible, let me know)
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