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<p>[QUOTE=&quot;fatima, post: 1589693, member: 22143&quot;]The run up in gold prices in the late 1970s is easy.&nbsp; Gold had been illegal to own for close to 4 decades.&nbsp; When it became legal, and the fact that inflation was raging, and the fact that 2 oil shocks and all that goes with that had hit the economy, gold became a very attractive long term investment.&nbsp; People rushed into the newly created market.&nbsp; </p><p><br /></p><p>That was a one time discontinuity which resulted in a bubble.&nbsp; &nbsp; Gold has now been legal to own ~40 years and the 12-13 year run up in prices that we have now are being driven by completely different factors.[/QUOTE]</p><p><br /></p>

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