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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.

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HRofOZ's avatar

And during hyperinflation (which is where the Central Banks are taking us) physical gold has gone up over four million percent... and silver followed.

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HRofOZ's avatar

It's dodgy in the markets to be sure Greg and only history will dictate who is correct with their forcast and timing however your MMRI has already shown us that the 'Abandon Ship' level is up around 300 so I would agree with you, there is more wriggle room yet... but it is definitely risky times.

Did anyone else see this interview with Lynette Zang recently? Gee it was a fantastic interview, one of the best I have ever seen. I have followed Lynette for a few years now and this interview was even an eye opener for me regarding her wealth of knowledge. It's well worth a look... https://www.youtube.com/watch?v=RY1ECavKSJU&t=1669s

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Plus Ultra's avatar

So if Russia finally launches its “Winter Offensive “ wouldn’t that trigger a massive sell off in many markets .?

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Brian b.'s avatar

Finally finished "the creature from jekyll island" wow did that book basically lay out everything we are experiencing today , especially the ending .

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Brian b.'s avatar

You can always tell who is in it for the people and who's out to get rich , I tried watching that economic ninja guy for months trying to give the benefit of the doubt but always came off as the used car salesman vibe and hes always peddling something . Greg Spends his own money and time to make videos and free articles and stock analysis like the MMRI because he truly cares about people surviving . It always makes me laugh at the idiots whine when he asks for $5 each month after doing all he does some will never be happy !

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Rich Martinez's avatar

Greg for me I am out at 225. Under 225 I feel comfortable putting on short term trades. Thanks for all you do.

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Greg Harry's avatar

You know Greg, if a prostitute just gave it away for free, she is nothing but a slut! But you're no slut Greg, you're a humanitarian! We love you long time! No we just love you! I'm bobbing and weaving my way in and out of damage control here!

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Jenasus Hawkins's avatar

CHAT GPT Government Political Theatre 🎥

The way I see it the gangster banksters will steal everyone's assets in the financial markets one way or another when they crash the financial markets.

Is it worth risking everything you have now to risk losing it all?

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Robin Smith's avatar

Yes. I’m building overseas. Huge risk

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