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There were several ups and downs during the year 1980

Most shareholders were small investors who had discovered that whether they kept their money in banks or in deposits with companies, inflation riding high around 20 per cent a year would eat into their savings unless they could find cast-iron protection.

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Share prices chased inflation across the cluttered floors of stock exchanges as bears, driven into a corner by the raging bulls, fled for their lives. There were several ups and downs during the year as the Government blew hot and cold, but by the end of the year the share price index had gained 21 per cent and was still going strong.