Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (23287)	12/12/2002 12:06:11 PM
From: Canuck Dave	Respond to of 36161

I'm old enough. Here's all you need to know. Post war boom ended in 1966. Nobody noticed as Vietnam war pumped up economy, but US had to pay for war with debt. They had pegged gold at 35$ an ounce and all the Western countries agreed to sell gold at that price (The London gold pool). In 1968, France converted all it's US dollar holding to gold effectively scuttling the pool. US had to face up to debt driven inflation and floated gold in 1970. The next 10 years saw stagflation and precious metals put on a huge bull. Sound familiar? CD