Explanations of "Gold" investment-related terms A to Z

The Great Depression was the longest and most severe economic depression ever experienced by the global economy. It took place during the 1930s, began with the U.S. stock market crash of 1929 and ended after World War II.

We’re in unchartered waters as it has never before happened that the economy would be voluntarily closed down. Yet, here we are – economic activity was forced to ground to a standstill by governmental decisions across many countries in the world. Faced with the grim coronavirus death projections, leaders just reached for the presumably lesser-evil solution.

But where is the balance between public health protection (and using what means should we go about that exactly?) and the cure being worse than the actual disease? Lockdowns have their costs too, and the longer they take, the harder it is to turn the economy back on and see it perform at the pre-lockdown level.

By now, it should be apparent that a lockdown brings about a recession, and that how long the stop to economic activity lasts, answer the question of how steep the recession is going to be. Instead of recessions, you can hear the d-word (depression) thrown around as well.

Let’s examine the economic impact and projections first, followed by a detailed look at gold fundamentals. Quite a few reasons for the gold bulls to cheer.

What was the easiest way to make a small fortune during the Great Recession? Start off with a large one.

The Great Recession is the period of global economic decline during the late 2000s. It was initially related to financial crisis of 2007-2008, but quickly transformed into a downturn in real activity and later into the European sovereign debt crisis. According to the National Bureau of Economic Research, which officially declares the peaks and troughs, the recession in the U.S. began in December 2007 and ended in June 2009, but in other countries the scale and timing of the recession varied. It was the largest economic downturn since the Great Depression.

The most common usage of the term Greenback in the modern economy is as another term to refer to the United States Dollar.

The term Group of Eight (G8) refers to an association of governments from several developed countries which assemble to discuss world socio-economic matters of global impact.