Loading ...You just made me remember something. In the year 2000 the stock market was ROARING. Nobody cared about ANYTHING other than stocks. Stamps gold/silver coins, antiques, collectibles and classic muscle cars were worthless.
Because of that my son was able to buy, from the original owner, a garage kept, basically unused, 1969 Chevelle SS 396, with 32,000 original miles. All original paint and even the original brake shoes, for $17,000. Worth $50-$60k today at least.
The original owner, a Vietnam vet, made money in the stock market and bought a brand new Corvette and didn’t have room in the garage for both. In March 2000, the stock market crashed hard. But about 6 months later Gold and other commodities and related shares led the way.
Gold was $250, Silver $4, Copper .46 cents
Look at Gold in 2001. https://www.mrci.com/pdf/gc.pdf
Look at the Dollar in ’01 at 120. https://www.mrci.com/pdf/dx.pdf
Just like 2001 today.
#1 Nobody cares about ANYTHING but Stocks Bonds and Real estate on highs. Nobody cares about the good stuff commodities on lows.
#2 The Dollar was too high, like today. Papa Bush in 2001 put tariffs on steel and lumber because prices were too low to stay in business. They lowered the dollar to get prices higher, then dropped the tariffs.