Ctindale this has all been discussed before.
The reason for the entire market selloff including Gold bullion in GFC1 was due to the fact that no-one knew where to go and what to do. The entire world scrambled around selling everything due to panic and buying nothing (well that's what we thought).
Then news came out that while everyone was selling absolutely everything Gold was being snatched up faster than you can say Jack Russell.
After that Gold bullion recovered immediately and Gold shares outperformed for the rest of the period which was followed by commodities months after.
This time everyone knows that the world's hunger for PM's has grown.
Yes I age that in a major crash NCM might drop a little but nothing like the rest of the market and it will recover extremely fast.
I'm not a holder of NCM however I still feel strongly about what you've said.
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