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To: Turtles_win who wrote (67523)9/23/2011 9:00:54 PM
From: Winfastorlose  Respond to of 207338
 
Gold got hit in the early 80s because Volcker raised interest rates to the moon to stop price inflation and it become very attractive to park one's money in the money market at 18% or to buy long term Bonds with a 13% yield. Today, long term bonds yield less than 4% and money markets yield less than a half point. . I'm like you. I don't see the parallels at all.

Cheif must be pulling everyone's leg as he has been known to do on this board from time to time. lol . Is he saying this in his service as well?