Gold and silver retreated from records as some investors sold the metals to lock in gains and raise cash to cover losses in other markets.
SS says
This apt head line was in Bloomberg today.
My question is - If the losses to a large group of investors occur on a much larger scale - why cant they then do exactly as they did and dump gold and silver along with all other assets?
The simple answer is -
YES
They can and will do exactly as they did today.
Hence I say that in a deflation - depression - asset sale - Gold and Silver will get dumped and go down as well.
Forget the MYTH - "Gold is a inflation - deflation hedge."
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