What Happens to Gold and Silver During Stock Market Crashes...

What Happens to Gold and Silver During Stock Market Crashes


Gold has certainly done well during previous market crashes, bar one. Not so for silver.

And not so for gold stocks. GDX and XGD fell by -33% and -25.5% in tandem with S&P500 -30.9% fall during the Covid crash period of 17/2/20 to 16/3/20.

The standout has been AUD Gold.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0		29/04/2019	5/08/2019	9/12/2019	17/02/2020	16/03/2020	Gain 29/4/19 to 16/03/2020	Gain 29/4/19 to 17/02/2020	Loss bet 17/2/2020 to 16/3/2020
1	USD GOLD	$ 1,279	$ 1,497	$ 1,476	$ 1,643	$ 1,499	$ 220	$ 364	$ (144)
2			17.0%	-1.4%	11.3%	-8.8%	17.2%	28.5%	-8.8%
3	AUD GOLD	$ 1,821	$ 2,205	$ 2,147	$ 2,480	$ 2,581	$ 760	$ 659	$ 101
4			21.1%	-2.6%	15.5%	4.1%	41.7%	36.2%	4.1%
5	XGD	5,434	8,647	6,186	7,391	5,508	74	1,957	(1,883)
6			59.1%	-28.5%	19.5%	-25.5%	1.4%	36.0%	-25.5%
7	GDX	$ 20.29	$ 29.36	$ 27.72	$ 30.65	$ 20.55	$ 0.26	$ 10.36	$ (10.10)
8			44.7%	-5.6%	10.6%	-33.0%	1.3%	51.1%	-33.0%
9	S&P500	2,945	2,919	3,169	3,338	2,305	(640)	393	(1,033)
10			-0.9%	8.6%	5.3%	-30.9%	-21.7%	13.3%	-30.9%

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0								Gain 29/4/19 to 17/02/2020	Loss bet 17/2/2020 to 16/3/2020
1								$ 364	$ (144)
2								28.5%	-8.8%
3								$ 659	$ 101
4								36.2%	4.1%
5								1,957	(1,883)
6								36.0%	-25.5%
7								$ 10.36	$ (10.10)
8								51.1%	-33.0%
9								393	(1,033)
10								13.3%	-30.9%