[pmorici]

Precious metals often take a dive in a market crash because people need to sell assets to cover margin calls and other debts that come due.

Here is what Warren Buffet had to say about gold...

“You could take all the gold that’s ever been mined, and it would fill a cube 68 feet in each direction. For what that’s worth at current gold prices, you could buy all—not some—of the farmland in the U.S. Plus, you could buy 16 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”