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Falling Gold Is a Good Thing

Tony33 Wrote: Apr 17, 2013 5:27 AM
Near term, convert your gold holdings into guns and ammunition.

In the last two days gold has plunged so deep that it’s being called the worst drop -- at least in percentage terms -- in 30 years. That brings us back to the early Reagan period, when falling gold was regarded as a good thing.
Back then, lower gold showed inflation coming down after the horrible 1970s. It also showed confidence in the economy recovering and greater respect for the dollar. Over the next two decades, in the ’80s and ’90s, gold basically dropped in round numbers from $800 an ounce all...