Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (64073)	9/18/2014 4:45:38 PM
From: Qualified Opinion	Read Replies (1) of 218673

Gold is also insurance. What happens to all of your U.S. dollars if the bottom falls out ? It's difficult to say which direction gold would go in a crash. During the 1987 crash, gold miners surged 10%. However, gold miners plunged in the financial crisis. Banks sold off and scaled down their commodities businesses since the financial crisis. Therefore, I don't see the panic sell off in gold by the banks because they don't own it.

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