Gold Versus Paper: Rational Panic – Where Are We?
Now, admittedly, everyone who has looked for a rhyme of the 1930s stock market crash in the Dow (the final bear market low about 2 years after the Dow chart above was at around 40) has been disappointed year after year, including Mr. Prechter. … When the US did this in 1971, I assume you know how the Gold price did during the following decade. Well, in the 1930s, almost every country followed Britain’s lead and abandoned the Gold standard. The U.S. decided to do “the …
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