Um, my guess regarding gold is that since most folks are buying it via a market transaction it ends up on the chopping block when there is a crash, just like everything else. Don’t underestimate how much of trading is automated these days either; I doubt a computer program has much of an emotional involvement with a yellow metal.
The difference I would hope is that gold has a harder ‘bottom’ than most investments. Still doesn’t mean it can’t correct like everything else.
I’m starting to think everything is in its own bubble to some extent due to all the equity chasers out and about and we are going to see a major correction across the board.
