‘Real wealth destruction’: This Deutsche Bank chart shows what could happen to assets in a repeat of the stagflationary 1970s.
“While history never exactly repeats, Deutsche Bank strategists were aiming to offer a framework to clients on how to think about the next few years if inflation stays high even after a Fed-induced recession.”
USAGOLD note: Deutsche Bank confirms a point we’ve made repeatedly here about gold and silver with respect to stagflation. During the 1970s, it was the best option in terms of convenience and liquidity while offering a direct positive response to market uncertainties in its pricing. The link above will take you to the chart mentioned in the headline.