Every round of gold surge is followed by a stock market crash and a major economic crisis

1. The Great Depression: September 1929-June 1932.
Gold price performance:
The gold standard is implemented, and the official price is fixed at $20.67. However, gold mining stocks (such as Holmstock) rose more than 5 times against the market due to safe-haven demand.
Stock market performance after the surge in gold prices:
The S&P 500 has fallen by about 85% during this period.
2. 1971 & Collapse of the Bretton Woods system: August 1971 ( decoupling ) - January 1980 ( peak ).
Gold price performance:
Gold started an epic bull market: from the official price of $35 before decoupling to a historical peak of $850 in January 1980.
Stock market performance after the surge in gold prices:
The stock market has been sluggish for a long time, and throughout the 70s, the real return of US stocks adjusted for inflation was negative, significantly underperforming inflation.
3. 2008 subprime mortgage crisis: October 2007 ( US stock top ) - March 2009 ( US stock bottom ) fell first and then rose.
Gold price performance:
1. ( safe-haven ) in the early days of the crisis: The price of gold rose from about $660 in August 2007 to more than $1,000 in March 2008.
2. Lehman Moment ( Liquidity Crisis ): After September 2008, the price of gold was sold off in exchange for cash, plummeting from about $900 to about $680 within a month.
3. After the central bank released water: With the opening of the Federal Reserve's QE, the price of gold started a main upward wave until it rose to $1,920 in 2011
。
Stock market performance after the surge in gold prices:
The stock market halved: The S&P 500 index fell from a high of 1,565 points in October 2007 to a low of 676 points in March 2009, with a cumulative maximum decline of about 57%.
4. New crown epidemic in 2019: From February 2020 to March 2020, it rose first, then fell and then rose.
Gold price performance:
1. Safe-haven rise: In the early days of the epidemic, the price of gold rose from about $1,520 in January 2020 to a high of $1,703 on March 9.
2. Liquidity stampede: Global assets were sold off indiscriminately, and the price of gold plummeted to around $1,450 in about a week.
3. After unlimited QE: The Federal Reserve announced unlimited QE, and the price of gold reversed in a V-shape, hitting a record high of $2,075 in August 2020.
Stock market performance after the surge in gold prices:
Fastest bear market in history: The S&P 500 index plummeted from a high of 3,386 points on February 19, 2020 to a low of 2,237 points on March 23, a 33-day drop.
5. Current ( about 2022 to the present ) gold has skyrocketed & de-dollarized March 2022 ( interest rate hike began ) - 2025 ( to ) so far. #金价突破5500美元