Holding gold does not protect your investments in financial crisis, stockmarket crashes... in 2008 gold hit $1000 and a low of $690 a retracement of 30%...and selling off with all asset classes.. .
People are liquidating assets to pay for debts, margins, rent, survival...
Another way to think about it... if you have one asset which has dumped, you are selling other assets which havnt dumped to Dollar cost average that... in turn pulling the price of that asset down...
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Since the reset of 2008 you wouldn't have even doubled your money with gold (old)....
It's literally the worst performing asset (if you could even call it that)....
Gold is also now being switched to greater performing assets...
:cool:cc