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FINANCIAL FIRM FAILURES: More to come. When. Who. When we least expect it and anybodys guess. IRAN: Not an Arab Spring. A Persian Winter perhaps. CORRELATION: I didnt know we were supposed to check our brains at the door, said Uncle Miltie.When inflation and recession came back with a vengeance in the late 1970's, gold took off (to quote another 1970's gem), like a skyrocket in flight. By January 1980, gold topped out at $850 an ounce.

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