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Re: Gregory_ post# 9807

Wednesday, 03/20/2013 1:20:52 PM

Wednesday, March 20, 2013 1:20:52 PM

Post# of 12573
Gregory.... very good info. Thanks. If my memory serves me correctly, when we had the high rate of inflation under Carter's administration that was (I think) contributed to consumption behavior by the baby-boomers with little savings and investing going on. At that time, didn't gold also make a big leap upwards mainly tied to inflation? We had gold and silver setting new highs and of course interest rates were double digit as the fed kept trying to curb consumption behavior. I have no idea how the dollar stacked up back then, but it was probably a contributing factor as well. I think that may have been the case, but as I say my memory is not so great.
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