Discussion about this post

User's avatar
BooBoo's avatar

Stagflation in the 1970s

Stagflation in the 1970s combined high inflation with disappointingly uneven economic growth.

The price of gold in 1970 was $35 US Dollars

The price of gold in 1980 went to $800 US Dollars.

= 2000%

Stagflation today.

The price of gold today is $1865 US Dollars

$1,865 + 2000% = 39,165 US Dollars.

Expand full comment
9 more comments...

No posts