š” "Gold does not shine for fashion. It shines when the world trembles."
š1: Gold as the backbone (1920ā1930)
After World War I, gold was the pillar of the international monetary system. In the āroaring twentiesā, its stability was synonymous with trust. But 1929 came. The Great Depression turned gold into the last refuge. Banks collapsed, currencies were devalued, and gold became the silent cry of those wanting to save their wealth.
š„2: Inflation ignited it (1970ā1980)
With the end of the Bretton Woods system in 1971, the dollar was no longer backed by gold. Stagflation and the energy crisis drove its price up. In 1980, gold reached 850 USD per ounce, a record fueled by fear, oil, and geopolitics.
š„3: Crisis after crisis (2008ā2020)
The Great Recession of 2008 brought it back to center stage. In 2011, with the European debt crisis, gold hit 1,825 USD. Then, during the COVID-19 pandemic, it surpassed 2,000 USD, solidifying its role as an anti-chaos asset.
š 4: The new record (2024ā2025)
In July 2024, gold reached its all-time high: 2,480 USD per ounce. And in 2025, it exceeded 2,900 USD, driven by global uncertainty, geopolitical tensions, and expectations of rate cuts.
š§©Is gold expensive⦠or is the world cheap? Each historical high is not just a number. It is a symptom. Are we buying gold⦠or selling trust
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