We need to avoid a financial crisis....

  1. 24,765 Posts.
    Gold does not soar, it crashes during nearly every financial crisis.

    For example:

    1. During the 1974-1976 OPEC crisis the stock market melted down 40% in a terrible recession. Gold did not rise. It crashed about 50%.

    2. When gold soared to its January 1980 high it was not alone. Commodities were booming and the stock market was NOT crashing, but holding its own in a trading range.

    3. Gold fell by 40% during the 2008/09 financial meltdown.
 
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