Most investors know that gold represents wealth. And that it can be one of the most effective hedges against economic and financial turmoil.
It sure doesn’t feel that way right now. Not only has their volatility spiked, neither metal has logged a gain since the Coronavirus was first widely reported on January 1. As I write on March 17, gold is down about 1%, while silver has crashed 30%.
Why are they performing so poorly? Are they really not crisis hedges?
There are answers to these questions. And when one looks at history we can even get a hint about when it will all turn around.
by blaggers