Here’s the asset investors want if inflation stays high, says Deutsche Bank.

MarketWatch/Barbara Kollmeyer/5-30-2022

“Some 43% of respondents said property was the top buy-and-hold choice, followed by 33% who opted for developed market equities and 15% for gold. Cryptocurrencies were ‘not on the radar,’ selected by 1% as a top asset, just behind cash at 4%.”

USAGOLD note: Deutsche Bank seemed a bit surprised that stocks placed higher than gold in the survey given its strong performance during the stagflationary 1970s – a period increasingly compared to our own. At the same time, one wonders how many are aware of gold’s performance during that period – or silver’s for that matter. During the 1970s, gold rose 1820%, silver 1699%, and stocks 11.5%. Here’s the chart – for the record:

Gold, silver and stocks performance
(1970-1979, %)
overlay line chart showing gold, silver and stocks 1970-1979
Chart courtesy of TradingView.com • • • Click to enlarge

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