by Tekoa Da Silva
GoldSeek
Tekoa Da Silva: Rick I’d like to ask you today about the decade of the 1970s.
During the decade of the 1970s U.S. President Richard Nixon took the U.S. off the gold standard. There were bouts of wage and price controls, gasoline rationing, an oil embargo and political turbulence.
From 1970 to 1980 the price of oil went from roughly $1.21 bbl to about $40.00 bbl. Gold went from $35.00 oz. to over $800.00 oz., and the CRB commodity index moved up about 300% during the decade.
Rick in terms of where you were at the beginning of the decade – I understand you graduated high school in 1971. You started college at the University of British Columbia, and you were contemplating a career at that point in natural resources tax law, is that right?