Gold - A sufficient hedge against stock crashes or no?
I think the general message to investors from financial institutions, people, etc., is that buying Gold helps keep your money from evaporating during economic down times and when stocks are dropping in value.
I'm just wondering how true that statement is. Inherently, gold doesn't have much use, other than that it's rare, and people arbitrarily assign great value to it. Would there be scenarios when the price of Gold would plummet to the price of copper, aside from someone suddenly finding a plethora of gold veins somewhere?
I'm just wondering how true that statement is. Inherently, gold doesn't have much use, other than that it's rare, and people arbitrarily assign great value to it. Would there be scenarios when the price of Gold would plummet to the price of copper, aside from someone suddenly finding a plethora of gold veins somewhere?
Fulfillment: 1930, 1966, 1975, 1980, 1981 9.20 14:00, 1984 3.14