Confessions of a Gold Analyst: Fear Mongering About Our Banking System – Part 2

Back in 2008, the folks at Elliott Wave International published a study that showed that in 10 out of 11 recessionary periods since 1945 gold experienced a negative total return. And, if we look at the period of time between May 2008-March 2009 (during a major decline in the equity market due to turmoil in the banking industry), we witnessed the metals also experienced a significant decline.

Source: Kitco