........... if there is a stock market crash, the net impact to GP will be a lot less.................
Much appreciate the info and view Greenflint. My view, no science just logic, "when" the market tanks, gold in all forms will go with it to some extent but most likely be the first to generally come back. As usual many (retail investors) will cash out at the bottom of the market. Those who can afford not to lose their nerve will stay and do well. Bring your bucket as we will likely have to bail the boat as we pass through a nasty storm.
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