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Gold - 1980 High



One of the most famous moves in commodities has to be the Gold market climb past $850 an ounce. Interest rates were extremely high, inflation was very high, the stock market was weak and Gold appeared to be the best investment around. Gold moved from $225 to $850 within about a year. A staggering move. And, of course, the market dropped very quickly afterwards. By today's terms, we would probably think someone had to be nuts to buy Gold at $850, but that is greed and a speculative bubble at its finest.


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