Reminds of 1980. Gold hits $800 per ounce. The talking heads said it was a temporary pullback and the $800 level would be eclipsed.
They were right.
Eventually.
If you lived long enough.
Reminds of 1980.
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Sure gold fell after 1980/81 ,, we had Reagan and stellar economic growth , interest rates falling from 17/18% for a 30 year mortgage down to 7% ,, taxes cut , exports zooming ...
Sounds a lot like today huh?
Gold will always be a good store of wealth because it is convertible into ANY other currency,,, does anyone really care if your coins originated in South Africa or Austria or the USA ? nope .. it’s all GOLD.