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We need to avoid a financial crisis...., page-41

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Nugget25

214 Posts.

26/02/16

18:45

Post #: 17129456
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Originally posted by siameseparrot ↑

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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... and, at the end of the day when the dust cleared, 1 oz of gold remained just that... 1oz, no more no less...
it's just that all else ebbed & flowed around it... so a true measure of sanity & stability is ????...
1 Upvote

0 Great analysis

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