Most money managers are too young to have experienced the depradations of the inflationary Vietnam War era.
They use their textbooks from Uni
The gold price and inflation are also a function of perceptions of US strength or weakness in geopolitical terms.
There's an eerie similarity between that period and now.
Weak president - Carter then, Biden now
Military withdrawals - Vietnam then - Middle East now
Putin and Xi perceive this and are muscling in just as Brezhnev did in 1979
Most money managers are too young to have experienced the...
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