Follow up to my last post
This post from Sasha Latypova seems to be the most reasonable explanation of the disastrous liquidation by institutional investors last week. In this context, it appears they are covering their “assets,” making their balance sheets as liquid as possible. I anticipate gold, which is already rising, to climb much faster in the next 7-10 days.
What do you think? Please feel free to comment below.
To protect yourself, you need hard assets, but above all, you need to be debt-free. Disclaimer: this is not investment advice, and no one should construe my comments as other than opinion. Always do your own due diligence.