History doesn’t repeat itself, but human greed always rhymes. 1️⃣ 1979-1980: The most epic bull market for precious metals. Gold went crazy, soaring from $200 to $850, and silver skyrocketed from $6 to $50. The macro backdrop? Oil crisis + hyperinflation. The result? Two months after peaking, gold was cut in half, silver dropped by 2/3, followed by a 20-year freeze. 2️⃣ 2010-2011: Post-subprime crisis, liquidity-driven rally pushed gold to $1921, and silver challenged the $50 mark again. This time, the script was the post-crisis money-printing frenzy. The outcome? Gold retraced 45%, silver crashed 70%, followed by years of slow declines and sideways movement. 3️⃣ 2024-2026: Is it different this time? The story sounds even better now: global central banks hoarding, de-dollarization, industrial demand for silver… Central banks propping up the market has become the last faith of this generation of bulls.