Quote:
Originally Posted by mjkidd
Are you really saying that inflation fears didn't impact gold prices in 1980?
In a sense I am, it was actual inflation that caused the gold spike, not just the fear. Inflation was 13% and the prime rate was over 21%, I don't see either scenario in our immediate future and it would take both to repeat the gold rush of 79/80.
Until you see kiosks with scales in shopping malls and a 4 hour wait in lines to sell your gold and silver we aren't in much danger of getting there. By then the top will be in so you better sell it all yourself, four hour wait or not.
Jimbo