Loading ...The dollar rose from 85 in 1978 to 93 in april 1980-while the 10 yr note was-I think–about 10%
gold went from 250 to 850 during that time…that doesn’t mean history will repeat…but it shows that rising rates and a rising $ are not inimicable to a gold bull mkt.
http://www.macrotrends.net/1329/us-dollar-index-historical-chart
true!
it’s interesting to note that while gold is much higher than it was in 1980, silver is about the same price – notwithstanding its spike to $50. hmmm – what else can i buy today and pay the same price as i did in 1980, besides silver?
Good point, lol.
Which means holding Silver as an inflation hedge is for idiots !
Good point, Richaerd.
People who know that about me are talking about me behind my back. I dare not leave my computer.