Published: 2019.03.28. Gold and economy

Gold and economy - Preview

During the economic crisis in March 2008, the price of gold rapidly soared upwards and exceeded $ 1,000 per ounce (28.35 grams). This was the only such case in history.

During periods of economic recession, investors tend to transfer their assets to gold and silver. Thus, according to the World Gold Council report, in the second half of 2008, the demand for investing in precious metals rose sharply.

The Dow / Gold ratio, which shows how much gold is required to acquire one Dow share, is an excellent "mapper" of the state of the global economy. So, in early 2009, the Dow / Gold index fell to the same indicators that were recorded in the 1930s and 1980s.