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re: Gold...why is it down?
Posted on 2/20/13 at 10:48 am to wiltznucs
Posted on 2/20/13 at 10:48 am to wiltznucs
quote:
increasing in value as investors flee the market in periods of economic decline/uncertainty.
Not exactly, gold fell almost 25% in 2008 and this coincided with the fall of the market. People were selling to cover their other losses. When the economy is looking soft gold tends to suffer as it is seen as an inflation hedge.
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