19.07.2016 - Why a 500% Jump in Gold Prices Isn't Far-Fetched
One doesn't have to be gold bug, think that a financial apocalypse is around the corner or know that predicting anything will increase 500% in value sounds a little crazy to think that history suggests that the precious metal's price could soar. The decade that brought us disco music, velour jumpsuits and Pong also saw a 2,300% jump in gold prices. Gold traded at $35 an ounce in 1971, but by the beginning of 1980, it had reached $850 an ounce. Meanwhile, stock markets were volatile but with ultimately flat returns, it was a lost decade...............................................Full Article: Source
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