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To: bambs who wrote (55518)9/20/2001 1:18:21 AM
From: Eric  Read Replies (1) | Respond to of 77400
 
They could but I don't see any reason why they would do that.

The fear of running gold up like what happened in the early 1980's wiped out a lot of gold bugs. A friend of mine got very lucky buying at around $175 per ounce and sold out just above $800 per ounce before the market for gold crashed.

I don't recall gold ever having a run like that except when a lot of the western economies dropped the gold standard in the early 70's.

Wasn't it pegged at $35 per ounce for over 100 years?