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<p>[QUOTE=&quot;InfleXion, post: 1589666, member: 29012&quot;]I don&#039;t consider this a troll or overly political. The answer to the question is what it is, though I am not entirely certain what the answer is.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>My best guess is that it was due to unprecedented inflation as the result of having to pay for the Viet Nam War followed by recession dealt with by ultra high interest rates causing deflation. Markets are rarely so simple, certainly there is more to the story.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>Some info here:</p><p><a href="http://bancroft.berkeley.edu/ROHO/projects/debt/1980srecession.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://bancroft.berkeley.edu/ROHO/projects/debt/1980srecession.html" rel="nofollow">http://bancroft.berkeley.edu/ROHO/projects/debt/1980srecession.html</a>&nbsp; &nbsp; </p><p><br /></p><p>Iranian revolution seeming pertinent, possibly threatening petro dollar dominance, still in its relative infancy, or at least driving oil prices high enough to shake folks into preparing for the worst, thus driving the fear trade into gold prior to the recession?[/QUOTE]</p><p><br /></p>

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