The widely circulated claim that "the internet bubble and the 2008 financial crisis triggered a surge in gold and silver prices" is not valid.



From 00-02, the internet bubble burst combined with the 911 incident, and gold and silver showed no significant fluctuations;

During the 2008 financial crisis, gold and silver actually declined. The real sharp rise in gold and silver occurred in 2010-2011, driven mainly by the Eurozone debt crisis, zero interest rates + the implementation of the first round of large-scale quantitative easing, and the silver short squeeze. The establishment of such a grand narrative must be supported by rigorous data and logical reasoning.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)