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YahooFinance/Nikos Chrysoloras, Jan-Patrick Barnert and Ishika Mookerjee/2-24-2022
“Stocks across the world tumbled on the news, with major benchmarks in both Europe and the U.S. now firmly in correction territory and the Nasdaq 100 index entering a bear market. ‘The effects of recent events can therefore rightly be described as stagflationary — rising prices with declining economic activity,’ said Thomas Boeckelmann, head of portfolio management at Euroswitch, drawing parallels with the malaise that hit equity markets in the 1970s.”
USAGOLD note: In short, the bearish recent past may have been little more than prologue – an afternoon nap before deep hibernation. During the stagflationary 1970s, gold rose 1820%; silver rose 1699% and stocks rose 11.5%.
Gold, silver and stocks
(1970-1979)
Chart courtesy of TradingView.com • • • Click to enlarge
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