Gold and the Budget Deficit

by | Jun 1, 2010 | Howard Katz

All gold bugs have fond memories of the year 1979. In that year, the price of gold rose from $250/oz. to $600/oz. The reason was not hard to find. Prices in the U.S. that year rose by 13.3%. The newspapers were screaming, “Double Digit Inflation.” Gold was going...

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