Gold During Bear Markets in 3 Charts
-
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
Originally Published on The Silver Academy.
About the Author
Jon Forrest Little graduated from the University of New Mexico and attended Georgetown University's Institute for Comparative Political and Economic Systems. Jon began his career in the mining industry and now publishes "The PickAxe" which covers topics surrounding precious metals, energy, history, and politics.
