An expert remembers the year, when the precious metal a little more cost than at present - and discovered many parallels ''There is something reminiscent of the January 1980'', said Hans Hagen. Then as now the price of gold shot up within a few trading days of nearly 800 to more than $ 850. Hagen was then Head of the precious metal trade of the Bavarian Raiffeisen-Zentralbank. On Monday, 21 January, clock 15:29, he wrote in his book: buying 854, selling $ 862. That was the price per ounce of... read more
