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<p>[QUOTE=&quot;Zuhara, post: 804620, member: 23099&quot;]Okay, I will bite. 87,000 or whatever, indexed dollars is an interesting way to think about it. Gold is a hedge against USD devaluation, but the correlation is not always perfect on a daily basis. (For instance, on some days, gold and the USD go up together.)</p><p>&nbsp;</p><p>If I read you correctly you are saying that gold is now tied to the stock market. I would agree with that. Recently, equities corrections take the price of gold and silver down with them. Owning gold and silver has felt like owning little shiny round pieces of stock recently, a strange feeling for someone raised in an era when gold was used to hedge against stocks.</p><p>&nbsp;</p><p>One explanation is that when people get margin calls on market down days they sell everything, especially gold and oil to cover their stock losses. The advantage to owning physical coins is that you probably didn&#039;t buy them with leverage.[/QUOTE]</p><p><br /></p>

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