Beyond $3,600: Gold’s Path in the Shadow of the 1970s

Hartnett’s analysis this weekend presented a clear analogy between the economic environment of the late 1970s and current conditions.

Gold’s Path in the Shadow of the 1970s

Introduction

Hartnett’s analysis this weekend presents a clear analogy between the economic environment of the late 1970s and current conditions. Rising bond yields, policy experimentation, and political pressure on central banks have combined to create a framework where gold becomes the necessary hedge. The discuss…