\u91d1\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u591a\u304f\u306e\u4eba\u306f\u7c73\u56fd\u682a\u306e\u52d5\u304d\u3070\u304b\u308a\u6c17\u306b\u3057\u3066\u3044\u308b\u304c\u3001\u30b4\u30fc\u30eb\u30c9\u306f\u7c73\u56fd\u682a\u306a\u3069\u6bd4\u8f03\u306b\u306a\u3089\u306a\u3044\u307b\u3069\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u305d\u306e\u7406\u7531\u306f\u3001\u4e00\u90e8\u306e\u6295\u8cc7\u5bb6\u3068\u4e16\u754c\u5404\u56fd\u306e\u4e2d\u592e\u9280\u884c\u304c\u30c9\u30eb\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u3078\u3068\u9003\u907f\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u305d\u308c\u306f\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304cFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306b\u91d1\u878d\u7de9\u548c\u3092\u8feb\u3063\u3066\u3044\u308b\u3053\u3068\u3068\u5bc6\u63a5\u306b\u95a2\u4fc2\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304cFed\u306b\u91d1\u878d\u7de9\u548c\u3092\u8feb\u3063\u3066\u3044\u308b\u306e\u306f\u3001\u767a\u884c\u904e\u591a\u306b\u3088\u308a\u8cb7\u3044\u624b\u4e0d\u8db3\u306b\u9665\u308a\u3064\u3064\u3042\u308b\u7c73\u56fd\u50b5\u3092\u652f\u3048\u3055\u305b\u308b\u305f\u3081\u3067\u3042\u308b\u3002<\/p>\n\n\n\n 1971\u5e74\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af<\/strong><\/p>\n\n\n\n \u305d\u3057\u3066\u7c73\u56fd\u653f\u5e9c\u304c\u81ea\u5206\u306e\u8ca1\u653f\u3092\u652f\u3048\u308b\u305f\u3081\u306b\u30c9\u30eb\u306e\u4fa1\u5024\u3092\u72a0\u7272\u306b\u3057\u305f\u4e8b\u4f8b\u306f\u904e\u53bb\u306b\u3082\u3042\u3063\u305f\u3002\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u304c\u3001\u5f53\u6642\u30b4\u30fc\u30eb\u30c9\u3068\u4ea4\u63db\u3067\u304d\u305f\u306f\u305a\u306e\u30c9\u30eb\u7d19\u5e63\u3092\u3001\u30b4\u30fc\u30eb\u30c9\u3068\u306e\u4ea4\u63db\u3092\u53d6\u308a\u3084\u3081\u308b\u3068\u767a\u8868\u3057\u305f1971\u5e74\u306e\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u30b4\u30fc\u30eb\u30c9\u3068\u4ea4\u63db\u3067\u304d\u308b\u304b\u3089\u3053\u305d\u8ab0\u3082\u304c\u6301\u3063\u3066\u3044\u305f\u7d19\u5e63\u304c\u3001\u6b63\u771f\u6b63\u9298\u305f\u3060\u306e\u7d19\u5207\u308c\u3068\u306a\u3063\u305f\u4e8b\u4ef6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u3057\u304b\u3057\u4f55\u3068\u3082\u4ea4\u63db\u3067\u304d\u306a\u304f\u306a\u3063\u305f\u7d19\u5207\u308c\u3092\u3001\u5947\u5999\u306a\u3053\u3068\u306b\u4eca\u3067\u3082\u4eba\u3005\u306f\u5927\u4e8b\u306b\u8ca1\u5e03\u306b\u5165\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u5f53\u6642\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n 1971\u5e74\u3001\u308f\u305f\u3057\u306f\u30b9\u30a4\u30b9\u306e\u9280\u884c\u3067\u50cd\u3044\u3066\u3044\u305f\u304c\u30018\u670815\u65e5\u306b\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u304c\u91d1\u672c\u4f4d\u5236\u5ea6\u3092\u5ec3\u6b62\u3057\u305f\u3002<\/p>\n\n\n\n \u30cb\u30af\u30bd\u30f3\u6c0f\u306f\u3053\u308c\u306f\u30c9\u30eb\u306e\u4e0b\u843d\u3092\u6b62\u3081\u308b\u305f\u3081\u306e\u4e00\u6642\u7684\u306a\u63aa\u7f6e\u3060\u3068\u8a00\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n \u3060\u304c\u3001\u8ab0\u3082\u304c\u77e5\u3063\u3066\u306e\u901a\u308a\u3001\u305d\u308c\u306f\u4e00\u6642\u7684\u306a\u63aa\u7f6e\u3067\u306f\u306a\u304b\u3063\u305f\u3002\u73fe\u5728\u30c9\u30eb\u7d19\u5e63\u3092\u6301\u3063\u3066\u3044\u3066\u3082\u30b4\u30fc\u30eb\u30c9\u3092\u5165\u624b\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002\u901a\u8ca8\u306e\u4fa1\u5024\u306b\u95a2\u3059\u308b\u653f\u6cbb\u5bb6\u306e\u8a00\u8449\u3092\u4fe1\u7528\u3057\u3066\u306f\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n \u305d\u3057\u3066\u305d\u306e\u7d50\u679c\u3001\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u3063\u305f\u3002\u3068\u3044\u3046\u304b\u307b\u307c\u3059\u3079\u3066\u306e\u3082\u306e\u306e\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u305f\u3002\u4f55\u6545\u304b\uff1f\u3000\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u30a4\u30f3\u30d5\u30ec\u3068\u306f\u3082\u306e\u306e\u4fa1\u5024\u304c\u4e0a\u304c\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001\u7d19\u5e63\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u30cb\u30af\u30bd\u30f3\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u56fd\u6c11\u3084\u6295\u8cc7\u5bb6\u305f\u3061\u306b\u300c\u3042\u306a\u305f\u306e\u30dd\u30b1\u30c3\u30c8\u306b\u3042\u308b\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u5c06\u6765\u3082\u540c\u3058\u3060\u300d\u3068\u8a00\u3063\u305f\u3002<\/p>\n\n\n\n \u5f7c\u304c\u5f53\u6642\u7406\u89e3\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u306e\u306f\u3001\u5f53\u664235\u30c9\u30eb\u3060\u3063\u305f\u91d1\u4fa1\u683c\u304c\u4eca\u3067\u306f3,500\u30c9\u30eb\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n\n\n\n \u3064\u307e\u308a\u30c9\u30eb\u3067\u8a08\u7b97\u3059\u308c\u3070\u91d1\u4fa1\u683c\u306f100\u500d\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u304c\u3001\u53cd\u5bfe\u306b\u8003\u3048\u308c\u3070\u30b4\u30fc\u30eb\u30c9\u3067\u8a08\u7b97\u3057\u305f\u30c9\u30eb\u306e\u4fa1\u5024\u304c99%\u4e0b\u843d\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n\n\n\n \u3064\u307e\u308a\u30cb\u30af\u30bd\u30f3\u6c0f\u306f\u9593\u9055\u3063\u3066\u3044\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n 1970\u5e74\u4ee3\u306e\u91d1\u4fa1\u683c\u9ad8\u9a30<\/strong><\/p>\n\n\n\n \u7d50\u679c\u3068\u3057\u3066\u30011970\u5e74\u4ee3\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c15%\u8fd1\u304f\u307e\u3067\u4e0a\u304c\u308b\u7269\u4fa1\u9ad8\u9a30\u306e\u6642\u4ee3\u3068\u306a\u308a\u3001\u91d1\u878d\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n \u30a4\u30f3\u30d5\u30ec\u3092\u907f\u3051\u308b\u305f\u3081\u3001\u4eba\u3005\u306f\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u8cc7\u7523\u3092\u8cb7\u3044\u6f01\u3063\u305f\u3002\u305d\u306e\u7b46\u982d\u304c\u30b4\u30fc\u30eb\u30c9\u3060\u3063\u305f\u3002<\/p>\n\n\n\n \u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u7d50\u679c\u3068\u3057\u3066\u3001\u91d1\u4fa1\u683c\u306f35\u30c9\u30eb\u304b\u30891980\u5e741\u6708\u306e850\u30c9\u30eb\u307e\u306725\u500d\u306b\u4e0a\u304c\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n \u8a73\u3057\u304f\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u3053\u306e\u6642\u3061\u306a\u307f\u306b\u30b7\u30eb\u30d0\u30fc\u3082\u540c\u3058\u304f\u3089\u3044\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u7d50\u8ad6<\/strong><\/p>\n\n\n\n \u4eca\u56de\u306e\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306e\u52d5\u753b\u306e\u30bf\u30a4\u30c8\u30eb\u306f\u300c25\u500d: 1971\u5e74\u304b\u30891980\u5e74\u306e\u91d1\u4fa1\u683c\u4e0a\u6607\u304c\u5e30\u3063\u3066\u304f\u308b\u300d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u3064\u307e\u308a\u3001\u5f53\u6642\u3068\u540c\u3058\u3088\u3046\u306a\u30b4\u30fc\u30eb\u30c9\u306e\u4e0a\u6607\u76f8\u5834\u306b\u306a\u308b\u3053\u3068\u3092\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u4e88\u60f3\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n \u4f55\u6545\u305d\u3046\u306a\u308b\u306e\u304b\u3002\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u7d19\u5e63\u3092\u57fa\u6e96\u306b\u8a08\u308c\u3070\u3001\u30b4\u30fc\u30eb\u30c9\u306f\u6642\u9593\u7d4c\u904e\u3067\u5e38\u306b\u4e0a\u6607\u3059\u308b\u3002\u653f\u5e9c\u3068\u4e2d\u592e\u9280\u884c\u304c\u7d19\u5e63\u306e\u4fa1\u5024\u306e\u7834\u58ca\u3092\u7d9a\u3051\u308b\u304b\u3089\u3060\u3002\u6709\u6a29\u8005\u306e\u7968\u3092\u8cb7\u3063\u3066\u6a29\u529b\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u5f7c\u3089\u306f\u305d\u3046\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3002<\/p>\n\n\n\n \u3060\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u306e\u4e0a\u6607\u76f8\u5834\u306f\u4e2d\u592e\u9280\u884c\u3068\u653f\u5e9c\u306b\u3088\u3063\u3066\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b\u3002\u5f7c\u3089\u304c\u7d19\u5e63\u306e\u4fa1\u5024\u3092\u7834\u58ca\u3059\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u30b4\u30fc\u30eb\u30c9\u3092\u5e38\u306b\u652f\u3048\u3066\u304f\u308c\u308b\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n \u6709\u96e3\u3044\u8a71\u3067\u306f\u306a\u3044\u304b\u3002\u3061\u306a\u307f\u306b\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u30b7\u30eb\u30d0\u30fc\u3082\u4eca\u56de\u3082\u540c\u3058\u3088\u3046\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u304a\u308a\u3001\u30b7\u30eb\u30d0\u30fc\u306f\u51fa\u9045\u308c\u3066\u3044\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n \u653f\u5e9c\u304c\u7d19\u5e63\u306e\u4fa1\u5024\u3092\u4e0b\u3052\u7d9a\u3051\u308b\u306a\u3089\u3001\u73fe\u7269\u8cc7\u7523\u306e\u6642\u4ee3\u304c\u6765\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u3002\u91d1\u5c5e\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u6e90\u3001\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3078\u306e\u6295\u8cc7\u306e\u672c\u306f\u3042\u307e\u308a\u306a\u3044\u306e\u3060\u304c\u3001\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u300e\u5546\u54c1\u306e\u6642\u4ee3<\/a>\u300f\u306f\u53e4\u3044\u672c\u3067\u306f\u3042\u308b\u304c\u5165\u9580\u66f8\u306b\u306a\u308b\u306e\u3067\u3001\u4ee5\u4e0b\u306b\u7d39\u4ecb\u3057\u3066\u304a\u304d\u305f\u3044\u3002<\/p>\n\n\n\n Von Greyerz\u306e\u30a8\u30b4\u30f3\u30fb\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u304c\u81ea\u793e\u306e\u52d5\u753b\u914d\u4fe1\u3067\u3001\u4e0a\u6607\u304c\u6b62\u307e\u3089\u306a\u3044\u91d1\u76f8\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,110],"tags":[204],"class_list":["post-70147","post","type-post","status-publish","format-standard","hentry","category-commodity-markets","category-gold","tag-egon-von-greyerz"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=70147"}],"version-history":[{"count":44,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70147\/revisions"}],"predecessor-version":[{"id":70192,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/70147\/revisions\/70192"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=70147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=70147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=70147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/09\/2025-9-9-gold-chart.png\")
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