Something is coming apart internally which could be the roller wheels or slipper guides in the cam chain routing area. It needs further investigation and checking the centrifugal filter setup, which I believe that bike uses would be the next step.
No that isn’t normal. Yet not unusual if the motor has never been serviced or apart. The bike is 54 years old and if still original parts internally, such as the cam chain rollers and guides they are likely hard and brittle now.