I recently reviewed the history and realized there have been 5 major gold sell-offs like that, each accompanied by a different economic story.

The first one was around 1980-1982, just under 2 years, during which gold prices plummeted by 58%. At that time, the US was trying to control inflation, and the oil crisis was beginning to subside, so the safe-haven demand decreased, and gold shared the same fate.

Then from 1983-1985, this time gold prices in 1985 had fallen 41% compared to two years earlier. The global economy was in a downturn, developed countries were gradually regaining momentum, risks were reduced, so no one needed gold for safe-haven anymore.

But what was truly terrifying was from 2008-2008 (the financial crisis), when gold dropped 29.5% in 7 months. The mortgage crisis exploded, capital was pulled out of numerous assets, and the Fed even raised interest rates, leading to a ruthless sell-off of gold.

Then from 2012-2015, gold prices plunged 39% over three years. Do you remember the incident with 80 tons of fake gold that day? After the April 2013 event, large capital flows shifted to stocks and real estate, and investment demand for gold sharply declined.

The most recent was in 2016, when in just 6 months, gold fell 16.6%. At that time, investors predicted the US would raise interest rates, and the global economy was growing rapidly, so everyone was selling gold.

Now, after the recent US election, the gold market is showing signs of weakness again. Are we facing the sixth time? Time will tell.