No Volcker To Squash Gold Bugs This Time Around

It's popular to say that gold is sure to fall, as it did after the Reagan election, when people realize how foolish it is. But gold didn't fall because the Reagan administration didn't put it back in the monetary system. It fell because Paul Volcker made it unnecessary.

Source: http://www.forbes.com/sites/greatspeculations/2012/02/08/no-volcker-to-squash-gold-bugs-this-time-around/

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