感觉跟1977-1980年一模一样。布雷顿森林体系瓦解，高通胀，地缘冲突。
The gold price surge from 1977 to 1980 was primarily driven by a confluence of factors, including the end of the Bretton Woods system, high inflation, and a shift in investor behavior towards safe-haven assets. The price of gold nearly quadrupled, from $217 an ounce to $850 an ounce between September 1978 and January 1980.
Key Factors Contributing to the Gold Price Increase:
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The end of the Bretton Woods system in 1971 allowed the U.S. dollar to float freely, ending the fixed exchange rate between gold and the dollar. This created an environment where gold could fluctuate more freely, according to Investopedia.
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The late 1970s were characterized by high inflation, low economic growth, and high unemployment, known as stagflation, Investopedia.
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As traditional investments like stocks and bonds performed poorly during this period, investors increasingly sought refuge in gold as a store of value, according to the IMF.
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The expectation of further price increases, particularly with accelerating inflation and market concerns about currency crises, led to a surge in speculative demand for gold, the IMF eLibrary.
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The Iranian Revolution in 1978, leading to a decline in oil production, contributed to another oil crisis and further fueled inflation, driving up gold prices, according to JM Bullion.
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The invasion of Afghanistan by the Soviet Union and the Iranian Revolution also contributed to a sense of uncertainty and further increased the demand for gold as a safe-haven asset, says Earn2Trade.
