if there is a market crash, won't gold drop first b4 it goes up-in 2008, went from $990 to $660 and | Precious Metals Message Board Posts

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Msg  213138 of 216025  at  2/18/2020 4:07:18 PM  by

kilowatt8


 In response to msg 213097 by  ssll5314
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Re: if there is a market crash, won't gold drop first b4 it goes up-in 2008, went from $990 to $660 and

Without addressing the market timing aspect of this question, I've seen good work on this subject by Jeffrey Snider of Alhambra partners, e.g., below...
 
Financial panic tends to crash pog because collateral becomes hard to source and gold is the ultimate collateral.  
 
My advice is its never to soon to get and hold physical gold as the ultimate hedge but don't expect comex price to hold up through market crash...fwiw 
 
 
 


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