Ok Europe looks stuffed and the USA shortly after, now is this enough to see gold and silver prices sky rocket? I as a newbie would be absolutely lost if prices didn't go sky high because I still can't understand what it's going to take? Any answers please ?
The hedge funds or others who hold Gold paper are supposedly selling off their Gold to cover their losses or margins in other markets. This creates a large supply within a short period of time. However, if this 'mass selloff' only resulted in a $30 US drop for Gold that speaks volumes.
