{"id":3940,"date":"2021-10-14T16:00:00","date_gmt":"2021-10-14T08:00:00","guid":{"rendered":"https:\/\/sellgoldmalaysia.com\/?p=3940"},"modified":"2021-10-15T16:03:45","modified_gmt":"2021-10-15T08:03:45","slug":"1976-says-silver-gold-have-been-in-this-exact-place-before","status":"publish","type":"post","link":"https:\/\/sellgoldmalaysia.com\/bm\/1976-says-silver-gold-have-been-in-this-exact-place-before\/","title":{"rendered":"1976 Says Silver & Gold Have Been In This Exact Place Before"},"content":{"rendered":"

By Jeff Clark, Senior Analyst, GoldSilver.com<\/a>:<\/p>\n\n\n\n

It\u2019s frustrating to watch gold and silver languish when they\u2019re surrounded by major catalysts and since, well, everything else is going up. More than frustrating, it\u2019s bewildering.<\/p>\n\n\n\n

But what if I told you gold and silver have been in a near identical scenario before. And that it led to one of their biggest gains in history\u2026<\/p>\n\n\n\n

Gold\u2019s D\u00e9j\u00e0 vu<\/h2>\n\n\n\n

In the mid-1970s, inflation was soaring, unemployment was high, the US was in a recession, an energy crisis had just kicked off, and there were both political and geopolitical issues.<\/p>\n\n\n\n

Sound familiar?<\/p>\n\n\n\n

And yet, from 1974 to 1976, the gold price fell by over 40%, stretched over a two-year period of time.<\/p>\n\n\n\n

A falling gold price with major catalysts in play that at the time many thought would push it higher. Yet it defied logic and tumbled.<\/p>\n\n\n\n

Yes, this sounds very familiar.<\/p>\n\n\n\n

Here\u2019s that two-year gold price action overlaid with today\u2019s price.<\/p>\n\n\n\n

\"Gold<\/figure>\n\n\n\n

Despite a strong environment for gold, the price was in a relentless downtrend.<\/p>\n\n\n\n

Today, we\u2019re also surrounded by numerous gold-positive factors, and yet you can see that the price behavior is very similar.<\/p>\n\n\n\n

As you likely know, however, that mid-1970s period, as confusing as it may have been to investors, ended up being only one chapter in gold\u2019s book. And the next chapter, for those that held on, was a whole lotta fun.<\/p>\n\n\n\n

\"Golds
The gold price rose 717.3% from its 1976 low to its 1980 high.<\/p>\n\n\n\n

What seems clear is that gold was simply coiling, building up more and more pressure, since the catalysts that puzzled investors early on finally blew the lid off the price.<\/p>\n\n\n\n

In my view that\u2019s exactly what\u2019s happening now, too. We have a falling price, yet the catalysts are building up more and more pressure, to a point where reality catches up and leads to an explosion in gold.<\/p>\n\n\n\n

What about silver?<\/p>\n\n\n\n

The Silver Jail Break<\/h2>\n\n\n\n

The current silver price is even more eerily similar to the mid-1970s than gold.<\/p>\n\n\n\n

\"Silver
This compares both price periods after their initial crash, as I wanted to zoom in to see if they were behaving similarly\u2014and you can see they indeed are.<\/p>\n\n\n\n

Like gold, the silver price was surrounded by factors that most thought would push it up, similar to today, but it remained weak for two years.<\/p>\n\n\n\n

And also like gold, the next chapter in silver would prove all doubters and naysayers horribly wrong. The spring under silver was basically coiling, eventually leading to a blow-off top that stunned the investment community and led to a full-blown mania.<\/p>\n\n\n\n

\"Silver's<\/figure>\n\n\n\n

Silver rose over 11-fold, from its low to high, in four years. For the investor who bought near the mid-70s low and sold near the 1980 top, they basically could\u2019ve added a zero to their investment.<\/p>\n\n\n\n

Again, this setup sounds awfully similar to what we have today. A falling silver price, surrounded by major catalysts, that are likely doing nothing but tightening the spring under the price, to a point where it\u2019s likely to explode in the near future.<\/p>\n\n\n\n

The Spring is Tightening<\/h2>\n\n\n\n

The message here is clear. Unless there is such a thing as a free lunch, the economic, market and monetary catalysts surrounding gold and silver today are building the pressure under them greater and greater.<\/p>\n\n\n\n

Our job is to make sure we\u2019re financially prepared for what is shaping up to be an event that ignites an explosion in gold and silver prices.<\/p>\n\n\n\n

Read more at the original post here<\/a>:<\/p>","protected":false},"excerpt":{"rendered":"

By Jeff Clark, Senior Analyst, GoldSilver.com: It\u2019s frustrating to watch gold and silver languish when they\u2019re surrounded by major catalysts and since, well, everything else is going up. More than frustrating, it\u2019s bewildering. But what if I told you gold and silver have been in a near identical scenario before. And that it led to… Read More »1976 Says Silver & Gold Have Been In This Exact Place Before<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[15,16],"tags":[],"class_list":["post-3940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold","category-silver"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t