Peter Krauth:
"No two bull markets are ever the same, and gold is no exception.
"During the last secular gold bull market in the 1970s, gold rose from $35 in 1968 all the way to $200 by late 1974.
"Then the unthinkable happened. Between late 1974 and mid-1976, gold prices were cut in half, dropping from about $200 to $100.
"At the time, many gold investors sold out in disgust, never to return.
"But then a funny thing occurred. Gold prices started to climb again, rising from $100 in mid-1976 all the way to $800 by January 1980.
"And anyone who was fortunate enough to own gold at $35 earned better than 20 times their investment in just 12 years.
"Twenty-one years later, a new bull market began. Since 2001, gold has consistently performed in what now appears to be a record-setting run. ..." click through for the five reasons, two of which is fiat and gold demand
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