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...