"equity capital, currencies and debt instruments, none of which have fared too well in the crisis"
Depends which ones surely? Look at the charts for US or German treasuries, US dollars. All have been rising strongly, while gold has been falling. Hard to see that gold is correlated or inversely correlated to anything, just doing its own thing?
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- this should make gold soar imo ...
"equity capital, currencies and debt instruments, none of which...
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