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December 26, 2006
The Great Commodity Pendulum
On gold and gold mutual funds
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Those of us in the older generation remember the 1970s. It was a wonderful time (for gold bugs). Gold went up. Almost all commodities went up. Bonds went down. Stocks went down. By 1980, most of the top mutual funds were gold funds. All of the establishment gurus lost their shirts. By 1981, they were believers in Dr. Doom. The (non-gold) mutual funds went to 12% cash.
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Posted on December 26, 2006 04:42 PM by top mu672.
Filed in Money in the Bank under top mutual funds.
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