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Gold Rush as Iranian Revolution, US Embassy Seizure Terrorize Middle East

Especially Wealthy Oil Sheiks Panic to Humanity’s Most Cherished Safe Haven for Millennia

The two panics in 1979+ (below) were far too brief to be a mania:
bubble fantasies require years to suck in enough fools aching to be fleeced.

Gold 1970-79

recovers from decades of fixed price while dollar value plummeted,
+ responds to high “inflation” = loss purchasing power

*at end of Shah’s reign

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