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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Little Joe who wrote (1688)7/19/2004 7:30:32 AM
From: jrhana  Read Replies (1) of 48092
 
Yes but behind the ball interest rate rises like what we are likely to get now.

After Volcker got serious, gold was toast

It was only in 1979, in his famous “Saturday night special”, that Paul Volcker, then chairman of the Federal Reserve, raised interest rates sharply to clamp down on inflation. The gold price subsequently fell sharply and in its place came a bull market in government bonds that has, with a few sharp interruptions, continued to this day.>

economist.com
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