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Does The Crash In Precious Metals Signal The Beginning of Another Financial Crisis?
Tuesday, April 16, 2013 2:43
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For precious metals investors, the last five days have been like 2008-9 all over again, as the end to the sell-off doesn’t seem to be anywhere in the offing.
Is the precious metal crash the beginning of another financial crisis that will touch equities?
Judging from the performance of major equity indexes on Monday, the answer is yes–though it is hard to say whether the decline in stocks will be sustained. What can be said, however, is that the crash in the precious metals provides a taste of the next financial crisis that will be nastier than the 2008-9 crisis.
