Gold hovering between FOMC and Hezbollah

“Inflation is as violent as a mugger,” said Ronald Reagan, “as frightening as an armed robber and as deadly as a hit man.” Though Reagan pontificated these beautiful words, he did nothing to control inflation himself. In fact, he fuelled inflation as much as he could. When, in January 1981, he took charge of the office, the US dollar money supply was $2023.5 billion. When he retired in December 1988, it was $3941.1 billion - a figure almost double the original one.

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