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To: Toddsterpatriot
Didn't it appreciate very rapidly in the 1930s? Once?

Enhhhh.... I guess that could be argued but in reality the government re-valued Gold and it stayed at that same value for nearly 40 years. Since the re-valuing took place post confiscation of Gold from US citizens, individual investors were generally unable to profit. It has only been since 1971 that Gold has fluctuated in price like other investments and individual investors have been able to profit during times of appreciation.

79 posted on 12/07/2005 5:57:36 PM PST by simon says what
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To: simon says what
Since the re-valuing took place post confiscation of Gold from US citizens, individual investors were generally unable to profit.

So I can't use a chart that shows how rock steady gold was for 133 years and it's not fair to show that gold spiked 69% in 1934? And I can't use charts that start in 1980? Lots of rules with you gold investors.

82 posted on 12/07/2005 6:06:14 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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