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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (64073)	9/18/2014 10:49:08 AM
From: freelyhovering	Read Replies (1) \| Respond to of 218639

Is impending ground war leading to all time highs?

To: GROUND ZERO™ who wrote (64073)	9/18/2014 4:45:38 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 218639

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.