{"id":17678,"date":"2016-02-12T11:27:44","date_gmt":"2016-02-12T16:27:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17678"},"modified":"2016-02-12T11:27:44","modified_gmt":"2016-02-12T16:27:44","slug":"global-stocks-continue-to-crash-as-oil-plummets-and-gold-skyrockets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17678","title":{"rendered":"Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets"},"content":{"rendered":"
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Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets<\/a><\/h3>\n<\/div>\n
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\"Clock<\/a>Stock markets around the world continue to collapse as this new global financial crisis picks up more steam.\u00a0 In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row.\u00a0 European stocks continued\u00a0to get obliterated<\/a>, and financial institutions are leading the way.\u00a0 But this week what is happening in Japan has been the most sobering.\u00a0 After falling\u00a0918 points<\/a>the other day, the Nikkei plunged another 760 points early on Friday.\u00a0 The Nikkei has now fallen for seven of the past eight days, and investors in Japan are in full panic mode.\u00a0 Overall, global stocks are\u00a0well into bear market territory<\/a>, and nearly 17 trillion dollars of global stock market wealth has already been wiped out.<\/p>\n

As panic rises, investors are seeking alternative investments.\u00a0 On Thursday, the price of gold hit $1,260 an ounce at one point before settling back a bit.\u00a0 But even with the fade at the end of the day, it was still the biggest daily gain in more than two years.\u00a0 Overall, gold is having its best quarterly performance\u00a0in 30 years<\/a>.<\/p>\n

Whenever a financial crisis happens, investors seek out safe havens such as gold that can help them weather the storm.\u00a0 In particular, demand for physical gold is going through the roof all over the planet.\u00a0 Just check out the following excerpt from a Telegraph article entitled \u201cInvestors \u2018go bananas\u2019 for gold bars as global stock markets tumble<\/a>\u201c\u2026<\/p>\n

BullionByPost, Britain\u2019s biggest online gold dealer, said it has already taken\u00a0record-day sales<\/strong>\u00a0of \u00a35.6m as traders pile into gold following fears the world is on the brink of another financial crisis.<\/p>\n

Rob Halliday-Stein, founder and managing director of the Birmingham-based company, said takings today had already surpassed the firm\u2019s previous one-day record of \u00a34.4m in October 2014.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets Stock markets around the world continue to collapse as this new global financial crisis picks up more steam.\u00a0 In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row.\u00a0 European stocks continued\u00a0to get […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[12336,1750,11902,181,5983,6792,7067,6061,312,11745,314,6063,2240,11028,4086,6065,452,4901,6066,12337,1138,2731,11692,2443,753,7554,12338,11431],"class_list":["post-17678","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alternative-investments","tag-bear-market","tag-bear-market-2016","tag-crisis","tag-economiccollapseblog","tag-european","tag-european-stocks","tag-financial","tag-financial-crisis","tag-financial-crisis-2016","tag-financial-institutions","tag-global","tag-global-financial-crisis","tag-global-stocks","tag-investments","tag-investors","tag-japan","tag-michael-snyder","tag-panic","tag-panic-mode","tag-stock-market","tag-stock-market-crash","tag-stock-market-crash-2016","tag-stock-markets","tag-stocks","tag-the-dow","tag-the-global-financial-crisis-of-2016","tag-the-nikkei"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17678"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17678\/revisions"}],"predecessor-version":[{"id":17679,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17678\/revisions\/17679"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}