GOLD ALMIGHTY.

The author offers a history of gold as an investment and trading commodity as of February 4, 1980. He recalls that U.S. President Franklin D. Roosevelt raised the price of gold by 75% to 35 U.S. dollars an ounce as the U.S. began to emerge from the Great Depression and that owning gold became illegal until 1975. He talks about gold advocates' view of gold as a cheap form of insurance against a perceived inevitable collapse of the U.S. dollar and his change of attitude from negative to neutral.