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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 27, 1981
Page
8
Louis Rukeyser argues that gold has been a poor investment for most buyers despite promoter claims. He analyzes long, medium, and short term perspectives, noting a prominent gold advocate misleads by omitting losses and missed profits during market declines.
Lee Iacocca, Chrysler chairman, argues for regulatory restraint and pro business policy. He cites a rare quarterly profit amid nine straight losses and calls for tax incentives and monetary policy support to avert future crisis.
The piece argues that gold's reputation as an investment winner rests on a 1979 1980 surge and that long term gains since 1974 were modest versus stocks. It notes mispricing from a $35 baseline and cites a 2000s price around $400, warning about short term bubbles and the potential for future rises with inflation, lower rates, or crises.
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