Palisades Gold Radio · Wednesday, August 26, 2026
Matthew Piepenburg argues that current conditions for gold are superior to those during the 1970s-1980s bull market, despite historical drawdowns in that period. He points to current economic factors, including government debt and bond market trust issues, as indicators that gold's upward trajectory is just beginning.
“The bull market we're in now is again, very nascent. It's just beginning. And I always reference of course, the massive gold run from 1971, 1970 to 1980, when gold ripped, you know, from 35 to 850. There were five drawdowns in that period of greater than 20%. And many all-time highs.”
“What I find fascinating about today, in 2026, the conditions are so much better than they were in 1970 or 1980 during that epic gold bull market. The conditions today are infinitely better.”
“Yields rising to historical highs against all sovereign bondholders and bond issuers. Because trust in bonds and those debt levels is sinking at decade levels.”