When Giants Fall The Biggest Gold and Silver Crashes in Market History
• In 1980 silver crashed after rising from 6 dollars to over 50 dollars per ounce. The collapse wiped out huge fortunes and became one of the most famous commodity crashes ever.
• After the 2011 peak, silver fell more than 70 percent from near 50 dollars, while gold dropped sharply from around 1900 dollars in the years that followed.
• Even in recent years, gold and silver have seen sudden one day drops of 5 to 10 percent due to profit taking, rate changes, and market panic.
• History shows precious metals can correct hard after big rallies, especially when prices rise too fast on speculation.
• Gold and silver have never lost their long term role, but every all time high has been followed by a strong correction. Smart investors respect the cycle and manage risk.