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<p>[QUOTE=&quot;yakpoo, post: 818999, member: 18157&quot;]I was around in the 70&#039;s, but I didn&#039;t pay too much attention...too busy chasing girls! :hug:Kiss</p><p>&nbsp;</p><p>As I recall, interest rates (at that time) rose as a result of Fed tightening...in an effort to get inflation under control. It was Fed tightening that <b>weakened</b> the economy...pushing it into recession. In other words, rising interest rates created &quot;uncertainty&quot;.</p><p>&nbsp;</p><p>Today, we are gingerly pulling out of a deep recession and slowly rising interest rates are a sign of a <b>strengthening</b> economy and a more stable dollar.</p><p>&nbsp;</p><p>It costs money to be invested in PMs. PMs don&#039;t pay a dividend and cost money to store and secure. When other investments generate a better return, one would think that savy investors would lighten up on PMs&nbsp; and bonds...in favor of equities.[/QUOTE]</p><p><br /></p>

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