Voila, buy gold because we are going to have: a share market crash, the collapse of the petrodollars, hyperinflation & deflation at the same time, WWWIII and, may I add, a SARS (Severe acute respiratory syndrome) epidemic.
By the way, up to 1971 the price of gold was fixed, and if it was fixed, it could not have moved. In 1973 we had the first of the two oil crisis.
"The effects of the embargo were immediate. OPEC forced the oil companies to increase payments drastically. The price of oil quadrupled by 1974 to nearly US$12 per barrel"
And what happen then to the price of gold? It spiked going from $100.08 ( October 1973) to $158.70 (October 1974) a 58% increase. However by October 1975 it was at $142.76 and at $116.14 by October 1976.
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
spine-chilling interview; get ready get set, page-2
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