Do you remember how gold behaved following the abandonment of the Gold Standard in August of 1971? Neither do I, so let’s refresh our memories. Gold returned 2,050% between 1971 and 1980, which translated to roughly 41% annualized returns.Gold price with returns indicated on the chart Given that the Gold Standard was in fact a “standard,” its abandonment meant that gold’s value could fluctuate freely. As a result, gold’s price volatility increased markedly. Gold was no longer an asset tethere...

Do you remember how gold behaved following the abandonment of the Gold Standard in August of 1971? Neither do I, so let’s refresh our memories. Gold returned 2,050% between 1971 and 1980, which translated to roughly 41% annualized returns.Gold price with returns indicated on the chart Given that the Gold Standard was in fact a “standard,” its abandonment meant that gold’s value could fluctuate freely. As a result, gold’s price volatility increased markedly. Gold was no longer an asset tethere...