[dila813]

It is more liquid and is easy to jump into.

You don’t immediately park money on Gold.

Just wait, this money may end up there in a matter of 3-4 weeks.

This is actually part of the gold pump cycle. People first turn their assets into dollars then they turn them into gold after they are done liquidating their assets.

[agere_contra]

Thanks, your post reminded me of something.

A lot of Precious Metal Virgins (/frisson) who are fleeing from a doomed fiat make the mistake of buying paper Gold and Silver in the form of ETFs: attracted by their liquidity and not realizing their essential lack of value.

If they buy paper Gold and Silver, they essentially don’t change the price - they’re just diluting the already fractional ETF.

Don’t know how big an effect this is though because I don’t know how many refugees make this mistake.

[OB1kNOb]

It is more liquid and is easy to jump into. You don’t immediately park money on Gold.

Doh! I'm so use to thinking long term I forget the need for liquidity and convertability when jumping from one doomed currency to another.