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News and current affairs
One successful gold investor recently explained to me that stock prices languished for a more than a decade before the Dow Jones index crossed the 1,000 mark in the early 1980's.
For a short while, many prominent people - Albert Einstein, for one - believed that only a world government would be able to ensure global peace.
Even so, the fact that very high inflation is possible does not make it probable, so one should be cautious in arguing that higher gold prices are being driven by inflation expectations.