We hear people say that about gold, especially those that are trying to sell gold, but during the last crisis gold went wild down and up the whole time ending back where it was --
--after having risen so nicely before the crisis.
Precious metals are one safe haven in times of economic turmoil. It’s also been subject to apparent manipulation over the past couple of decades. When the fear outstrips attempts to suppress value, then it’s going up. When it doesn’t, it stagnates or falls. Currency valuations also play a role. It’s not a simple matter of inflation equals increasing gold or silver price. There’s a lot of psychology involved. That said, there’s a certain level of fear now, and gold is creeping back up again. Jump in if you think it’s going to continue. It might.
We hear people say that about gold, especially those that are trying to sell gold, but during the last crisis gold went wild down and up the whole time ending back where it was --
--after having risen so nicely before the crisis.