false/after filling the tank, no money left for go croupier...

false/after filling the tank, no money left for go croupier wrote:
"Gold has always suffered when oil prices are high. Increased fuel costs and interest rates leaves little money left for gold speculation. High oil prices bring so many bargains in other areas, that the money is likely to go to cheap items."
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Like many things posted as fact on Hot Copper, that is yet another example of something that is blatantly FALSE. Why the unitiated should be very careful of believing posts on HC.

Are you too young to remember the energy crisis of the 1970s? The soaring oil price AND the soaring gold price. Are you too young to remember the soaring share prices of the shale oil twins Central and Soothern Pacific in 1979-1980 AND the soaring gold price. Are you too young to remember that the world was then thought to be running out of oil and shale oil was thought of as a viable alternative to oil?