almost 8 years now. we are moving toward a much better position. i think the u.s. is pretty strong. you are going to get moves like this from time to time. but i don t see anything that really panic me. martha: like the 70s. the 70s was a long time. reporter: i heard people say i have been getting into cash for a long time. they see this as potentially the beginning after long with long time. foe everyone who sells a stock someone buys a stock. the market doesn t get in or out of stocks. when you look at it right now. all of these big moves like the 70s was brought on by johnson, knickon, ford and nixon, forward an ford and carter.
years ago, absolutely, christine. and you think that every portfolio should have a little bit of gold in it, right? i think, you know, history is on that side right now. i mean it s this is not yes, it s had a tremendous run this year and sure it could correct. it could come down 10% any time. but what i don t think people really realize is that since gold began trading freely, which was in 1971, if you look at how it s performed, from 1971 to present, i mean that s almost two generations, that s about 40 years, gold has basically kept up with the s&p 500. it s been a great asset to have over the long term. now, it s been volatile. now, the story is more than just that, because during times when times that are tough, like the 70s, where you had a lot of inflation, gold was the only place to be, almost literally. i mean there were other commodities, oil service companies, et cetera, but gold was 25% or so a year after inflation. so everybody thought gold s just an inflation h