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drb2@13:15 RE: Armstrong

Posted by Samb @ 14:20 on September 26, 2015  

Personally, I love to read his blog. So very much politically to like and a fascinating look at history. Does MA have an anti Gold bias? Does he have an Agenda?  We all know that Gold bubble peaked in Jan 1980 and then went into a 20 year tailspin. Armstrong knows this also. Yet in trying to convince people that Gold is a poor investment versus the DOW he uses this date as the starting point for comparison. So on a 30 or 35 year chart the first twenty years for gold is way down from $850 to $250.  He stacked the deck and rigged the chart to suit his agenda. He could have easily used 1970 or 2000 as his starting point… or at least given us a disclaimer on the chart starting date. He did not do that and an honest person would not approach a gold/dow discussion in this fashion.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.