#PreciousMetalsTurbulence
📉 Market turmoil again: gold, silver, and stocks lost over $6 trillion in market capitalization in an hour
In recent days, precious metal prices have broken historic highs: gold rose to almost $5,600 per troy ounce, while silver exceeded $120.
Flushed with expectations of further growth, many rushed to buy metals. But history warns: such a strategy often ends in disappointment. For example, those who bought gold at the peak in the early 1980s needed about 28 years to break even—not accounting for inflation.
And it appears the scenario is repeating itself. According to data, gold fell 8.2% in just one hour today, and the combined market capitalization of precious metals and stocks has shrunk by more than $6 trillion.
🔖 Earlier, entrepreneur Peter Schiff stated that the dollar would collapse and be replaced by gold.
