Post
Topic
Board Economics
Re: Global Markets Are Tanking
by
kjj
on 23/09/2011, 18:00:05 UTC
Oh, btw gold and silver are ON SALE!  Perfect time to load up  Grin

$1635/Oz right now  Shocked Shocked Shocked

Sorry for the stupid question, but why does gold go down in risky times? The same thing happened in Oct 2008 as well. That's really counterintuitive for me.

During good times, people use leverage.  During bad times, they have to sell whatever they are holding to pay things off.  Gold is always pretty liquid, so it is easy to turn it into cash quickly.