Peak Gold in 1980... peak gold in 2026?!
Peak gold in 1980... peak gold in 2026?! Back in 1971, Nixon unilaterally reneged on Bretton Woods and ended the US dollar convertibility into gold. The 1973 oil shock then unleashed the beast of inflation. Gold jumped from $35 per ounce to $683 in 1980! Today, some financial advisors will tell you with a straight face that gold is a "safe haven". Really?! Show him this chart, and point out that whoever bought gold in 1980 lost money for over 20 years! Serious researchers know better. Gold acts as a safe haven for only 15 trading days after a crisis. Hold it longer, and lose money. Next, gold is zero-yield: unlike stocks, bonds, or real estate, gold pays nothing. Finally, gold might be an inflation hedge over centuries, but not over decades, which matters for individuals. Today, gold is in the greatest run since the 1970s! Are you buying? How do you know you are not just buying the top, like those suckers in 1980? Watch our fuller video, and stay out of financial trouble!
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