In 1978, Raul bought 50 ounces of gold for ($1,750) as protection against rising inflation. He sold

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In 1978, Raul bought 50 ounces of gold for \($1,750\) as protection against rising inflation. He sold half the gold in 1980 at a price of \($800\) an ounce. Raul sold the other half in 1982 when the price was \($400\) an ounce.

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