Does Gold Still Have Room To Run? by Teresa Fernandez
ARTICLE SYNOPSIS ...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% ...