GOLD 0.51% $1,391.7 gold futures

why it crashed in 1987

  1. 813 Posts.
    I think it wíll not crash because the interest rates are low. Profits and retail sales are at reasonable level.

    Why it crashed in 1987, mainly because of its extremely high interest rates at just under 20%
    Most businesses were finding it hard to pay their interest rates. Thousand of businesses went broke at that time

    cheers
 
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