Gold During Bear Markets in 3 Charts.
3 charts that say Go Gold in our Bear Market Today
Gold vs SPX in 2007 bear market.
During the 2007-2009 bear market, the S&P 500 lost approximately 10% of its value, while gold prices surged.
Gold vs SPX in 2020 COVID
In 2020, during the COVID-19 pandemic, the S&P 500 initially plummeted down 35% before a slight dead cat bounce. Gold, however, reached new highs, peaking at over $2,000 per ounce as investors sought safe havens amid economic uncertainty.
Gold vs SPX in 2022
In 2022, the S&P 500 experienced significant volatility and declines, while gold prices remained relatively stable, with slow and steady growth as the year progressed. Gold did its job maintaining its status as a safe haven during market turbulence
end of section
Pickaxe Picks
Seniors:
Newmont Gold: NEM
Intermediates and Producers:
Aya Gold & Silver Inc: AYASF
Andean Precious Metals: ANPMF
Juniors
Dolly Varden Silver: DOLLF
*Kuya Silver: KUYAF
Outcrop Silver: OCGSF
*Kuya Silver just entered production
end of section
