Читать книгу Investing in Gold & Silver For Dummies - Paul Mladjenovic, Paul Mladjenovic, Ted Sudol - Страница 69

During the second half of the 1970s, gold soared as the world was struggling with financial crises and geopolitical conflicts. Inflation in the United States, for example, was hitting double-digit levels and trying to come out of the recession of 1974–1976 with its companion stock bear market (the Dow Jones Industrial Average had fallen more than 40 percent in that bear market). So investors fled to a reliable safe haven: gold.

Gold was under $200 in the middle of the decade, and it peaked at $850 on January 21, 1980. But new policies brought on by a new president marked the end of this gold bull market.