Stock Market Crash 1929:
Stock market crash 1929, also known as great crash, a fast decline in US stock market values in 1929 that became the cause of great depression of the 1930s. The great depression remained for approximately ten years and affected both non-industrialized and non-industrialized countries.
During the mid-1920s, the stock market in the United States went to a rapid expansion and continued for six months following President Herbert Hoover’s in January 1929.
Prices began to decrease in September, but individuals who borrowed money to buy shares in the corporate sector continued speculation. On October 18 market declined into free fall and a wild rush to sell.
Why Did Stock Market Crash in 2020?
The 2020 market crash is also known as Corona Virus Crash for apparent reasons. The stock prices pulled back from February 2020 to April 2020 before reentering the downward market and hitting new record heights.
The reasons for the crash were clear; the Corona Virus Pandemic was a global economic crisis and human tragedy. Business from international hotel chains to corner delis was affected adversely. The unemployment rate also increased to the highest level.
Will the Stock Market Crash in 2022?
“Nobody knows everything”, a classic quote of a famous writer William Goldman Summed up the ability of Hollywood professionals to predict whether the movie will be a stinker or hit.
After peaking at a value of 381.18 on September 3, 1929, the Dow would hit bottom on Jul 8 1932, at 41.22 for a loss of 89%. It would take till November 23, 1954, 25 years later; the regain of Dow.
The same facts can be assumed in the financial industry in 2022.
Will Gold prices rise during the next Stock Market crash?
History shows that no matter the length of the crash, gold prices almost always increase. Again, during one of the worst in the last 50 years, gold prices rose the most! Amazingly, even during the worst crash, from March 27, 2000 through October 9, 2002, gold still rose in value by 12.4%! That’s a powerful indicator indeed that precious metals keep you safe from a stock market crash. Even during the worst crash in the last 50+ years, the value of gold still increased. For many investors, it was the single investment that held its value.
Between the 1970 and 1980s, Gold Increased in Value by 2300%
While gold hasn’t risen tremendously fast in the last few years, its value has steadily increased. During the 1970s and 1980s, though, the increase was tremendous. If you had invested in gold at that time, you would have seen your investment increase more than 20-fold! That’s a better return than practically any other investment, bar none, and an excellent example of why investing in precious metals like gold is a smart financial move.
Call Century Gold today at (800) 642-2066 to learn why thousands of Americans are turning to assets like gold and silver to protect their retirement accounts.
