Economic Crises - Platinum Timeline

Lehman Brothers Collapse & Financial Crisis

The bankruptcy of Lehman Brothers triggered the worst financial crisis since the Great Depression. Credit markets froze, major banks teetered on collapse, and global stock markets plunged. Initially, gold dipped as investors sold everything for cash, but the subsequent Federal Reserve response - near-zero interest rates and quantitative easing - ignited a massive gold rally. Gold went from $869/oz in September 2008 to $1,900/oz by 2011 as central banks printed trillions.