Topic: Gold slowly and steadily crawling towards 2008 - 2009 levels? (Read 947 times)
Gold was around $700 to $1000 during the financial crash of 08-09. The highs around 2K came much later in 2011 due to FOMO. I doubt it will get back there as those valuations are at the high end for gold only seen in 1980 and 2011 - over 30 years apart...
So I've been keeping an eye on the gold price for a long while and it's slowly but surely crawling up towards the same kind of $2000 price we saw back when the crash happened in 2008 - 2009. Has anyone else been noticing this? I've also seen all the stocks and bonds rising with it which makes me believe that the central banks are at it again trying to pump things up but this time they seem to be running out of time because gold just isn't going along with this anymore like it usually does.
I think we may see another massive crash as I've been saying either this year or next year depending on whether the gold price can go past $2000 again.
I think we may see another massive crash as I've been saying either this year or next year depending on whether the gold price can go past $2000 again.
Jump to: