A friend has a lot of money in gold and gold stocks, and she is concerned about recent declines. A couple of weeks ago I advised her to hang tough because of fundamentals, but I'm starting to second-guess myself.
Isn't deflation a risk if we have a lot of bank failures that are not protected by the federal government?
Here's a long-term price chart. What do we have, a primary bear market in gold, or the bottom of a hellacious correction?