ok, not crazy, but gold and the stock market don’t necessarily correlate. the correlation camp probably says, well, there’s all this money floating around that has to land somehwre, and when losses amount from leverage, people sell whatever they can to pay the losses.
true enough. if it’s people that do the buying.
but if this is a seismic shift, if governments are going to be sucking up huge amounts, if big funds are going to step in and try to preserve assets with a gold-not-stocks theory, then there is no reaosn gold canot decouple from stocks.
gold is as valuable as you beleive fiat money to be worth less. i’d say it’s a good bet over the next 3-5 years. and impossible to time.
stocks are limited in some sense by earnings. IMHO maybe not sucha good bet over the next 3-5 years.
deflation will kill stocks, but not necessarily gold…
