GOLD 0.51% $1,391.7 gold futures

gold, page-105210

  1. 41,162 Posts.
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    The type of crash that you desire might have nobel philosophical justifications but it will not protect gold holders. Times have changed. The current US equity sell off into technical correction didn't do much for gold and much less for the miners. In fact miners went backwards too. Why? Because it's the baby and bathwater mindset!

    I think deep down you want a mega crush just like Schiff and gold bugs want to prove the point about bring wrong for a decade. Our system will never emulate an Evergrande control implosion that can be ring fence to infect other unrelated sectors. Even that is a tall ask for the Chinese. Remember their 2015 mega implosion, and that was with draconian force to ban short selling and selling of long positions for the fundies!

    Go back to GFC and observe what happened to gold and without QE, gold probably still be recovering off the lows from those days.
 
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