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<p>[QUOTE=&quot;medoraman, post: 1265881, member: 26302&quot;]Of course this is good advice that the past is the past. The only thing its good for is similar market conditions and reversion to a mean, (if it happens). The major problem with NOT looking at the past is it drives a &quot;its different this time&quot;, a time honored cry of jubilant investors that makes me cringe, since its usually NOT different this time.</p><p><br /></p><p>Regarding 1980 versus today, I grant you its not anywhere near identical. The one similarity I would point out is small investors. I was there in the coin stores back then, and saw the &quot;buy at any price&quot; euphoria of people believing the economy is melting down. I see the same looks in people&#039;s eye buying PM today. Everything else is different I will grant you Fatima, and I do not believe I have claimed differently here, but I believe the small physical purchasers are the same mentality of 1980, that is of believing the economy will crash around them and the only safety is PM. Whether this is good or bad/right or wrong, I will not judge, just pointing it out.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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