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Here Comes the Stagflation; (Got Gold?)

From fxempire.com

Specific to the three-year run from 1973 (and its intolerable lines for gasoline) through 1975, the annual Consumer Price Index came in respectively at 6%, 11%, and 9%, (kinda akin to this past year). The price of Gold settled 1972 at 58; come 1975, it settled at 141: that’s a three-year net increase of +143%. Got Gold? {chart} Then came President Peanut, (with a resurgence of petrol queues), and by 1980 Gold in a hyper-spike traded up to 873, (before unraveling to 300 by 1982 as President Gipper and the Economic Recovery Tax Act stimulatively kicked into gear). Fast forward to today and we ask what’s next? In this ... (full story)

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  • Category: Fundamental Analysis