Sell Gold—No Wait, Don’t!
-Doug Hornig, Contributing Editor
Accomplished fiction and nonfiction author and Paydirt Editor Doug Hornig has a message about those who are watching gold’s volatility and are tempted to trade it—and what the credit market is warning…
Panic
For a couple of weeks, Everyone’s Selling Gold was one of the dominant headlines in the financial sector—as the gold price tumbled by over three hundred dollars an ounce from its all-time high on April 22.
It was a mini-panic, and I had to chuckle. All that it really proved is that financial pundits and prognosticators need something to write about. Otherwise, you know, what would they do with their days?
For whatever it may be worth, most commentators ascribed gold’s meteoric rise since 2023 to concurrent global uncertainties of various economic and political kinds. Will wars be settled or rage on? Is the U.S. economy robust or on the brink of recession? Has inflation been tamed or about to shoot higher?
Obviously, those are questions which can be answered only with the passage of time. Sure, we’d all love to know in advance what happens next. But making a prediction, as Yogi Berra allegedly said, is difficult, especially about
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