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I agree with others: everyone has heard of "flight to gold" and no one has heard of "flight to silver" If many inexperienced people panic it would be natural t
by talkingtab 7y ago
I agree with others: everyone has heard of "flight to gold" and no one has heard of "flight to silver" If many inexperienced people panic it would be natural that they buy gold instead of silver or even copper for that matter.
This will possibly change, the ratio go down, as people move from "panic flight" to "considered flight" as the crisis deepens and as people become more knowledgeable. And if the price of gold becomes too high for many people.
Perhaps the best thing is to avoid anything that has speculative value or irrational value at this time. Gold has some irrational value because fewer people trading it have a full understanding of alternatives etc.