Don’t be scared off by last week’s sell-off in gold, says Byron King. “What got sold? Do you really think that people parted with their Gold Eagles, Maple Leafs and Krugerrands? Did YOU sell YOUR gold? Do you think that the Chinese sold gold from their national vaults?
“No, last week people sold paper, not real goods. Sure, it felt like a sell-off to your portfolio, when gold miners declined. But beware thinking that we’re about to experience the Great Reversal in values for precious metals.
Gold Bull Market – Stage 2
Don’t be scared off by last week’s sell-off in gold, says Byron King. “What got sold? Do you really think that people parted with their Gold Eagles, Maple Leafs and Krugerrands? Did YOU sell YOUR gold? Do you think that the Chinese sold gold from their national vaults?
“No, last week people sold paper, not real goods. Sure, it felt like a sell-off to your portfolio, when gold miners declined. But beware thinking that we’re about to experience the Great Reversal in values for precious metals.
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