黄金的三轮牛熊市｜投资小知识

Group 1 - The core viewpoint of the article discusses the historical price movements of gold, highlighting significant bull and bear markets over the decades [2][3][4]. - The first major bull market occurred from 1971 to 1980, where gold prices surged from $37 per ounce to a peak of $850 per ounce, representing a 21-fold increase [2]. - Following this peak, gold entered a bear market lasting 20 years, with prices dropping to a low of $251 per ounce, a decline of nearly 70% [2]. Group 2 - The second bull market began in 2001, with gold prices gradually increasing, particularly during the financial crisis and European debt crisis from 2008 to 2011, culminating in a price of $1921 per ounce in 2011 [3][4]. - After reaching this peak, gold experienced a bear market from 2011 to 2016, with a maximum drawdown of approximately 44% [5]. - The third cycle of bull and bear markets started in 2017, with gold prices rising again due to various global events, reaching a high of $4251.448 per ounce, marking a maximum increase of 262.73% [5][6].