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<p>[QUOTE=&quot;fatima, post: 1261924, member: 22143&quot;]Gold did exactly what you said it would do in the previous post you just made.&nbsp;&nbsp; Gold ran to $800 because goverment was being irresponsible with money.&nbsp;&nbsp; What they did then that they are not doing now, is the Federal Reserve let interest rates rise to 16-18%, the market price of money.&nbsp; It had the intended effect and people sold their gold and re-invested it into the economy.&nbsp; Stocks had to compete with this high interest and thus businesses was forced to be responsible.&nbsp; We had a production based economy instead of a consumer based one.&nbsp;&nbsp; There was no reason at that time to hold gold to preserve wealth.&nbsp;&nbsp; </p><p><br /></p><p>Contrast that to the present.&nbsp; The economy died because the huge industry around house building and real estate development collapsed. The debt based consumer economy is right behind it.&nbsp; It was fueled by unrealistically low interest rates.&nbsp;&nbsp; What did the goverment and Federal Reserve do to try and fix it?&nbsp; They made interest rates even lower, socialized a great deal of the private debt, and took every action to prop up the above industry that had collapsed.&nbsp; They are paying peple not to work and giving tax breaks to companies to move jobs overseas.&nbsp; It&#039;s a disaster in the making and getting worse.&nbsp; &nbsp; (oh and fighting 3 wars with no defined endpoint is hugely bad for $ currency)</p><p><br /></p><p>It&#039;s hugely different than the gold situation of 1980.[/QUOTE]</p><p><br /></p>

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