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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Expect gold to deliver another record in 2013

Posted on 30 November 2012

No two bull markets are ever the same, and gold is no exception. During the last secular gold bull market in the 1970s, gold rose from $35 in 1968 all the way to $200 by late 1974.
Then the unthinkable happened. Between late 1974 and mid-1976, gold prices were cut in half, dropping from about $200 to $100. At the time, many gold investors sold out in disgust, never to return. But then a funny thing occurred. Gold prices started to climb again, rising from $100 in mid-1976 all the way to $800 by January 1980………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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