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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (10814)5/9/2006 12:55:10 AM
From: Yorikke  Read Replies (2) of 78426
 
"Note that ACTUAL inflation wasn't brought under control until years after the 1980 peak in the gold price (the money supply growth rate remained high throughout the first half of the 1980s), but Volcker's actions managed to restore CONFIDENCE in the US$."

What a great point. Something to remember as we sit here at some future date sniveling about when to sell the gold bars and move on. It won't be the reality, it will likely be the illusion that turns the corner and drops the price of gold.

Of course the question is where will the US find another magician like Volcker?
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