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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (83657)	3/23/2002 10:23:39 AM
From: Richnorth	Read Replies (2) of 116764

If, as Doug Casey points out, the 70s will likely be revisited, then gold (now considered a commodity) will soar. The last time gold kept soaring was from the mid 70s and it peaked at about $800 in 1980 following the invasion by Iraq into Iran in 1979. I recall seeing crowds line up outside the banks, in Montreal, in 1980, to buy gold using their credit cards!!! Will the same frenzy to buy gold happen again this time around? Seems to me it's a pretty safe bet it will!

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