Remember the flight to "safety" into T-bills and T-bonds? Most people fled from hard assets. These are the victims. They believed the propaganda of the establishment.
Howard S. Katz
Howard Katz — one of the early gold bugs of the late 1960s and ‘70s — was the head of the Committee to Establish the Gold Standard and worked with Congressman Ron Paul for the passage of the American eagle gold coin bill of 1986. His website is thegoldbug.net.