The financial world has been waiting for the decision from the United States Supreme Court on Obamacare and the reaction depends upon which sector and asset class you are following. We have seen a very mixed reaction in the healthcare sector but we have seen gold and silver fall with the broader equity market. To tie gold and silver to healthcare seems odd on the surface, but the reality is that investors are still having a very hard time deciding what exactly gold and silver are supposed to represent.
From time to time, gold is a flight to the ultimate safety against a world of currency devaluation. At other times it is a risk asset. It is always supposed to be a hedge against inflation, as long as the dollar is not strengthening against other currencies. And silver, let’s just say that it has been called “The Devil’s Metal” for…
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