gold bull myth, page-16

When Gold drops back over the next few years to about the $600 to $700 range, most gold bugs will disappear into the woodwork. I remember clearly the gold frenzy of the late '70s and early '80s. Everyone and their mother was buying gold. People were melting down old jewelry and coins, etc. When the general market jumped in, that is when gold fell like a rock.

Just a warning...... it is about to happen again. These things go in cycles. Some people are "relieved" that gold fell, NOW it is a bargain. That's what people thought back in 1980 too. The gold bubble burst, and it took 25 years to come back.

A new generation of gold bugs are about to find out the hard way.

Don't have the exact figures, but the DJIA was under 1,000 in 1980, it is now over 12,000. Gold peaked at $800 in 1980, and is now at what? $920 or so?

Give me quality stocks anytime over GOLD.