A 1973 Repeat: Gold to Soar Amidst Oil Embargo, Inflation Says Analyst

Markets may be sleepwalking into a 1970s-style inflation shock. Gold analyst John Doody warns that escalating tensions around the Strait of Hormuz could trigger an oil embargo scenario eerily similar to the crises that sent gold soaring from $35 to $850 an ounce decades ago. With deficits exploding, central banks de-dollarizing, and a Fed chair allegedly unwilling to aggressively hike rates, Doody sees inflation reaccelerating toward 6% or higher. His message: gold remains the ultimate refuge as geopolitical instability collides with fiscal recklessness. Meanwhile, silver remains “gold on steroids,” while mining M&A activity signals insiders are positioning for much higher metals prices.