I saw this back in the 80’s. If you have Gold, it is time to take your profits and run because it is only heading South.
RE: I saw this back in the 80’s. If you have Gold, it is time to take your profits and run because it is only heading South.
When that happened in the 80’s Reagan was turning the economy around and confidence was returning.
If what you say is true, then the economy seems to be similarly turning around in 2011... and people have more confidence in — the dollar, the economy, the stock market, and tame inflation.
The 80’s had Reaganomics, now we have Obamanomics. This is a short term trend based on paper not physical. Demand for physical is at record highs world-wide. The super-rich and governments are buying huge amounts of the stuff. The Chinese have banned the export of Gold and are buying up any form of silver then can get. This may be the last best buy opportunity for a long time.