The Most Predictable Thing: Gold Price Rises as Stock Market Crashes
Gold routinely crushes the market during sharp downturns and routs it over lengthier bear markets. In fact, that only time that hasn’t happened was on the heels of the single biggest bull market in gold’s history in the early 1980's.
Every other time, stock market crashes have directly correlated to extreme out-performance for the gold price.
Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more U.S. rate hikes this year weighed on the market.
Gold is seen as a safe-haven investment due to its ability to retain value even at times of financial or political uncertainty. It is also used as a hedge against inflation.
Be sure to check out more at https://goldsilver.com/blog from Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver, and star of the smash hit Hidden Secrets of Money video series, which you can watch on the following link.
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