15.03.2012 - Gold's hairway to heaven
In early august 1972, the gold price hit what was then a fresh all-time record – $70 per ounce, twice its fixed price of a year earlier, when US president Richard Nixon untied the dollar, and thus the world, from the last pretense of a Gold Standard. With hindsight, the 1970s' inflation makes what came next sound as inevitable today as the guitar solo in Led Zeppelin's Stairway to Heaven. ..............................................Full Article: Source
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