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Precious Metal | FEB 2011
Does Gold Still Have Room To Run? by Teresa Fernandez
Many investors are hesitant about investing in gold. Memories of the stratospheric and unexplained rise to the unchartered territory of the high $800s in January 1980, followed by several limit-down days, still haunt baby boomers, many of whom had never before witnessed such action in their entire investing lives. In three short months, gold plunged from its all-time high of $873 on January 21, 1980, to $453 on March 27, 1980, or a drop of 51.9%. But it didn’t stay there; the precious metal inched back up, reaching $729 on September 23, 1980, an encouraging gain of 60.9%.
by Teresa Fernandez
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