The price rise in gold in 1980 was due mainly to 2 events, the Soviet invasion of Afghanistan and the fall of the Shah of Iran. These events were about 12 months apart but had a huge effect on world economies because of the threat to oil supplies. What is on the horizon to give a similar effect? Korean warfare conflict, Saudi unrest, currencies collapse, China unrest; there may be many others. Possibility that we will need 2 or 3; we already have currency instability, Korea is on the edge, Saudis are main financiers of al-Qaida.So plenty of triggers around and gold will rise of the uncertainty.
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