The next gold boom

A new bull market in gold could be on the way, says Simon Popple. And when it arrives, it'll pay to know your history.

I first invested in gold miners eight years ago, and in that time I've been through a few big swings in the market. Booms and bear markets are just a fact of life in precious metals investing. Knowing your history helps to deal with them. It teaches you not to be too elated in the good times or depressed in the bad.

Now, last year was terrible for gold by any standards. It was its first annual loss in 12 years, and it fell by 27.3%.

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17/6/197311/14/1973413-29%196%242%
24/3/19747/4/197436-28%44%127%
312/23/19748/25/19762041-46%75%834%
41/21/19803/18/198026-43%10%62%
59/23/19806/21/1982217-58%49%51%
62/15/19832/25/19852433-44%54%96%
712/14/19879/15/1989215-29%41%47%
82/7/19903/10/19933735-23%81%91%
92/5/19968/25/19994381-39%58%292%
105/12/200610/6/2006517-23%63%274%
113/17/200810/24/2008734-30%88%396%
129/5/201112/20/2013287-37%77
Row 12 - Cell 0 Row 12 - Cell 1 Average1825-36%69%228%
Row 13 - Cell 0 Row 13 - Cell 1 1st Quartile57-44%47%77%
Row 14 - Cell 0 Row 14 - Cell 1 Median2017-33%58%127%
Row 15 - Cell 0 Row 15 - Cell 1 3rd Quartile2534-29%78%283%
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Shortest time to peak51 March 20141 August 2014
Longest time to peak811 March 20141 November 2020
Average251 March 20141 April 2016
Median171 March 20141 August 2015

Simon is an expert in investing in gold and commodities which he shares for our MoneyWeek readers. He studied at the University of Surrey where he achieved a business degree and a marketing diploma. After taking his studies further and doing an MBA at Birmingham University, Simon was the first MBA student offered an internship in the U.S. Since then, Simon has been a part of the Senior Banker team at ABN Amro where he became the founding member of their Financial Sponsors team, and then joined Strutt and Parker Financial Services where he was appointed as Head of Investment Management. He also became a director at one of the world’s biggest private property companies, Topland. Simon Popple has written for MoneyWeek and Agora Financial.