/biz/ - Business & Finance

>>19684971

I'm the author of the post. I was just pointing out to the person to whom I was replying that it is not _necessarily_ the case that, if we get a second leg down on the stock market, gold stocks will crash too. I gave the example of Homestake Mining, which, as you see from the chart, went up 87% at the same time as the Dow went down 85%. Over the next several years, Homestake Mining went on to perform extremely well, eventually going up 500%; a circumstance which puts the lie to the notion that gold does not thrive under deflationary conditions.

It may well be true, for all we know, that gold stocks will crash with the market again; but, because that isn't a certainty, I'm only holding 33% of my net-worth in cash, and retaining my 66% precious-metals position.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash

>>19683286

I just provided you with empirical evidence of how gold performed in every second-leg-down in stock market history. Your reply indicates to me that you did not even glance your eyes over the information.