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<p>[QUOTE=&quot;John King, post: 2432112, member: 78398&quot;]There was a real estate induced financial meltdown in 2008 if you can remember back that far. The Secretary of the Treasury went down on his knees begging for unlimited funds to stop a total collapse of the banking system world-wide.&nbsp; &nbsp; In 1979-80 inflation was on the rampage and interest rates went to 21% to kill it and the economy.&nbsp; The pursuit of the Vietnam War and Great Society without raising taxes to pay for them led to the inflation of the 70&#039;s and early 80&#039;s.&nbsp;&nbsp; Ronald Ray-gun killed inflation by creating the worst recession since 1937.&nbsp;&nbsp; In 1929&nbsp; as we entered the Great depression both gold and silver surged which is why gold was no longer used currency because the gold in a $20 gold piece was worth a lot more than $20. People were scared and lost faith in the banking system.&nbsp;&nbsp; This is the same for silver in silver dollars when we went off the silver standard for the dollar. People bid up the price of gold and silver when they get scared.&nbsp; Inflation scares markets as bad as depression because hyperinflation usually ends in hyper interest rates in order to kill borrowing and cool off labor and goods markets. If you just look at a chart of gold prices since 1900 you can see the bull and bear markets.&nbsp; Perhaps when interest rates get back to normal the stock market will take a hit and gold may shine.&nbsp; It was not shinning on Friday being just about $1216 an ounce.&nbsp; Better chance for it to go down than up IMO.&nbsp; Coins cranked out by the mint today are probably not worth the metal in them or work to produce them.&nbsp; They are just there so you can pay sales tax.[/QUOTE]</p><p><br /></p>

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