RE:RE:All this angst about shortage of bars, The paragraaph that jumped out at me is below. Hardly a ringing endorsement wouldnt you say???
In more recent times, without a guaranteed price for gold, the commodity has fallen precipitously while gold stocks have been decimated. Some eternal gold bulls would say that during the market decline of 2007 to 2009 with the price of gold “only” falling 25%, in contrast to the Dow Industrials falling 40%, then it was an appropriate hedge. However, using the Philadelphia Gold and Silver Stock index (XAU), (a comparison of equity index to equity index) the decline was nearly 70% in a span of less than 1 year from March 2008 to November 2008. Gold was far from a source of stability during market panics of centuries past.