(in regards to investing) Equity markets up, precious metals go down. Equity markets down, precious metals go down. Crisis or no crisis, precious metals are dull and inconsequential. Begs to ask... Do modern day investors consider metals irrelevant or obsolete? When you think about it, what purpose does precious metal serve? You can't eat it. Yea the idea used to be that you could trade it for food or whatever other necessities, but only cause the person you would trade with also considered it valuable. But what if people stopped considering it valuable? It's not like you would build houses with it when there are more abundant metals that are stronger. Precious metal isn't used in developing life saving medicine. Other than jewelry, I don't see any function precious metal serves that would make it, well, precious.