The circumstances are so vastly different though. After 1980 we enjoyed 20 years of healthy economic growth before the dot com bubble, followed by the GFC and now COVID pandemic, which has appreciated the price of gold.
Look at interest rates in the 1980s vs now, also keep in mind that quantitative easing was first used in 2007-2009 due to the GFC! What have the lowered interest rates and quantitative easing led to over the last 10 years? An increased gold price, trading at high values over time.
What is happening now? Crazy money printing and record low interest rates until 2023, what happens then? Gold appreciates more, as cash becomes less and less valuable.
