by Hubert Moolman
During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull market took gold from $252 to $1920, which made for a 661% increase.
[…] At first glance, it would appear that the current bull market outperformed the 70s one. However, it only took about five years (1970 to 1975) to get the 458% increase, compared to the roughly ten years and five months it took to get the 661% increase. If the performance of the current bull market actually matched that of the 70s, then prices should have probably risen more than 1000%.
The decline from the peak of the first phase of the 70s, took gold from $195.5 to $102.2, a 47.7% drop. The decline from the peak of the first phase of the current bull market, took gold from $1920 to $1041, a 45.8% drop.
The declines are almost similar in extent (47.7% vs 45.8%), however; the decline in the 70s only took about one year and nine months, whereas the decline since 2011, took about four years and three months.