Gold 1987 $500 usd to $360 in 1990. ($300 usd in 2001.) The world went into recession 1987 and gold was flat or fell for the next 14 years.
Recession is very bad for gold. In a recession gold is safe at the bottom or when the price is flat.
Gold rose from $660 in 2007 to $1000 in March 2008 followed by a US crash and gold falling back to $750, it only recovered when the US bailed out the banks. Most of the gold price recovery from 2008 has been inflation and black swan events. You need to learn that telling someone they are wrong out of wishful thinking or dreaming doesnt change facts.
https://www.gold.org/goldhub/data/gold-prices?gad=1&gclid=EAIaIQobChMI7cPU_fHYgQMV6tsWBR1NOQAdEAAYASAAEgLoI_D_BwE
Consevative price target 75 cents to $1.04 approx, page-46
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$1.92 |
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| Open | High | Low | Value | Volume |
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| 4 | 72964 | $1.92 |
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| $1.93 | 42195 | 3 |
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