Comment & Analysis
Gold's Plunge Is Cause For Optimism
In January 1980, the price of gold hit what was then an all-time high, $850 per ounce. Ten years earlier, gold traded at $35. Its stupendous rise in the 1970s neatly correlated with that malaise-riddled decade, as its decline in the 1980s signaled renewed prosperity. That is why the recent…
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