February 3, 2012

In Rise of Gold, History Repeats Itself

Floyd Norris, New York Times

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As it was in 1980, could it be again in 2012?

 

The 1980 presidential election was fought by a Democratic incumbent weakened by a poor economy amid worries that the United States had lost its ability to compete in the world. Gold prices had risen to unprecedented levels as the election approached, and the Republican nominee hinted he might propose a return to a gold standard.

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TAGGED: Floyd Norris, Gold, Gold Standard, Election 2012

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