Is the post-Cold War global boom over?
Since the fall of Bolshevism, the world has seen remarkably sustained growth in international cooperation, brought about by freer trade and new technologies. Financial assets have generally performed well, increasing prosperity across most of the world. There were just two major interruptions—the tech crash in 2000, and the financial crash in 2008.
The world warmed up fast after the Cold War. Prices of most commodities rose, despite major corrections:
Oil climbed from $15 per barrel to as high as $140. It collapsed with the crash, but climbed back swiftly to near $100.
Corn climbed from $2 to as high as $8 before sliding to $3.60.
Copper climbed from 80 cents to $4.30 before sliding to $3.
Gold shot up from $350 to $1,900 before pulling back toward $1,200.
So what’s happening with commodity prices now? Is this just another correction, or has the game really changed?
Source Gold Survival Guide
Looking for a secure way to buy physical gold and silver?
GoldMoney company offers you 6 months of FREE storage if you sign-up and buy physical metals via www.goldreference.org. Simply choose “GoldReference.org” from the dropdown list, or manually write goldreference, when you open a Holding at GoldMoney. See also our page How To Buy Gold & Silver Online.