18.12.2013 - A bad year for bullion
As England's cricket supporters are discovering, every good run has to come to an end. For more than a decade, it seemed as if gold could only rise in price. But with a couple of weeks to go, bullion seems set to record its worst year since 1981, according to Adrian Ash of BullionVault - a 24% loss against 1981's 32% decline. It is an appropriate comparison in more ways than one; 1981's plunge followed the long 1970s bull run that reflected high inflation after the break-up of the Bretton Woods monetary regime and the loss of the last currency link to bullion. It was also the year when it became clear that Paul Volcker broke the back of inflation in America...............................................Full Article: Source
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