Precious metals losing value. Why?
why is it that gold, silver platinum have lost so much value in the past 2 months? shouldnt fears of global recession increase the value instead of decrease it, or has the appeal of precious metals as alternative assets become invalid??
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They are commodities. All commodities are traded in dollars. When the dollar rises, which it has been doing lately, commodities fall.
Funny you say that. Multiple search engines tell of the inverse being true? Gold is really silly. They dig it up, melt it, and put it back underground with guards around it. If that's not ironic, then it's moronic.