One of the worst quarters ever for safe havens
Repost from 4-2-2021
“During a mostly positive quarter for stocks (depending on the sector), other major markets got hit hard. For both gold and bonds, it was among the worst ever. For gold, a 10% quarterly loss is unusual. In nearly 50 years, there had only been 9 other quarters with a loss this large. In terms of what it meant going forward, the answer was ‘not much.’ That’s mostly thanks to the huge volatility in the years surrounding 1980, though – after that, all four of the quarters with massive losses ended up leading to gains for gold during the months ahead.”
USAGOLD note: A bad news, good news kind of situation. One might read ‘buying opportunity’ between the lines – particularly for long-term asset preservation investors who like to own unencumbered, physical metal and have the patience to wait for the market to turn in their favor.
Chart courtesy of SentimenTrader.com • • • Click to enlarge