Get ready for stagflation

[…] let me provide a summary of how investors fared during the Great Stagflation era from 1966 to 1981.


What about gold? It produced a 15.4% annualized gain over the 1966-81 period. But I didn’t include it on the chart because its price was fixed at $35/ounce for the first half of this period, and its post-1974 price runup was undoubtedly caused in part by pent-up demand from prior decades.

via Get ready for stagflation – Mark Hulbert – MarketWatch.


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