Gold is on the brink of a massive collapse!! Check the gold price chart immediately. History is repeating itself. Recall the 1979 Iran Crisis. It was a time when gold prices soared and panic swept through the market. Investors rushed frantically into safe-haven assets. But what happened next? Gold collapsed. The current trend is strikingly similar to back then. Because gold's rebound peaks often occur at the moment when market fear reaches its highest point.