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The Daily Reckoning reported that gold will not perform the same way it did in 1980.
The Daily Reckoning reported that gold will not perform the same way it did in 1980.
Economist Bill Bonner said:
Gold didn’t fall after ’80 because the Reagan administration didn’t put it back in the monetary system. It fell because Paul Volcker made it unnecessary. Instead of printing money, Volcker tightened up…taking out some of the money that was already there. And he did it under conditions that were not merely unlike those of today…but almost the exact opposite.
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