The price of gold shot up yesterday. Reports said investors were betting on another round of “quantitative easing,” a.k.a. money printing. But are gold buyers making a big mistake? Is history repeating itself? The New York Times suggests it is:As it was in 1980, could it be again in 2012? The 1980 presidential election was fought by a Democratic incumbent weakened by a poor economy amid worries that the United States had lost its ability to compete in the world. No, history is not repeating itself. The NYT is wrong…about everything. Well, almost everything.
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