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<p>[QUOTE=&quot;Zuhara, post: 818147, member: 23099&quot;]The 70s were really tough if you weren&#039;t diversified out of US dollars. Bondholders got wiped out. Anyone who saved money was hurt, and the stock market crashed. There are parallels with the situation today, for instance the fear that the dollar would collapse, and personally, I think people would be wise to have physical metals, as some did back then, if only as a currency hedge.</p><p>&nbsp;</p><p>But I also like to hang onto some cash. I&#039;m not convinced that anyone can predict exactly what will happen in this situation they have gotten all of us into. Here&#039;s a link to an article which draws some parallels between today and the 1970s. He&#039;s a good writer and I enjoy his blog.</p><p><a href="http://goldversuspaper.blogspot.com/2010/02/desperate-times-and-desperate-measures.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://goldversuspaper.blogspot.com/2010/02/desperate-times-and-desperate-measures.html" rel="nofollow">http://goldversuspaper.blogspot.com/2010/02/desperate-times-and-desperate-measures.html</a>[/QUOTE]</p><p><br /></p>

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