by David Forest
Casey Research
When the coronavirus pandemic hit, I heard the same question over and over…
“This is the crisis we’ve been waiting for. So why is gold getting hammered? Shouldn’t it be holding its value in a crisis?”
I pointed to 2008. The same thing happened then. When a crisis hits, people sell everything. Investors need to raise money, so they sell whatever they can.
And gold often gets hit even harder than other assets.
But we saw this same pattern back in 2008. Then, it looked like gold wasn’t holding up like it was supposed to… but in truth, it was an opportunity in disguise.