The old story when they were much higher than they are now is that “people are selling their winners” to make margin calls. Maybe that was true then; gold would typically lose at least a couple of percent and silver would lose double that.
I see today that gold is $1242 which is in fact more or less the high for the past four weeks. That has never been the case in previous collapses in the stock markets.
The only ones screwed are those on fixed pensions, lagging entitlements and savers of cash.
what do you think?