South central kansas | razorsedge2003 - 10/30/2023 07:03
Forgive me because I’m young and dumb, especially gold market or marketing in general. Was gold hot in ‘78? Did it crash in the 80’s? How did the gold market react with the interest rates during this time, say 75-85? Just wondering if there is a correlation.
gold was beginning to become "hot" at the beginning of 1978 because inflation was beginning to take off, primarily because of the price of oil and that was a result of the unrest in Iran. It (gold), peaked about the same as the inflation rate. the following chart shows the price of gold(red), price of oil(blue) and the YOY inflation rate (gold).
 (GC1!_2023-10-30_08-25-54 (full).png)
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