Gold is supposed to be a safe haven when the economy is bad, so why did it have a massive drop at the end of Wallstreet is worst week ever?

gold like everything in the economy is over priced at today is values the greedy sob is know how to play the game but real people do the work & assign real value to the world this shit happens when real people get tired of being jerked around by the nose. the **** will only get deeper for the next few years. until the markets & the values that u & l feel comfortable with r realigned. it will take a lot longer than it needs to cause the wizards & wonder boys will hold it off as long as they can profit from the miscues that the public r willing to make. tmm

Long term bond yields and the dollar went up

Do u not remember in the 70 is when the price of gold & oil were high & the middle easterns bought lots of gold then the price of oil dropped & the gold did to so they were selling thier high dollar oil cheap. It is all part of the big picture going on. People with money buy gold then everything falls & they sell it cheap to get by while the poor people were selling when everything was high just to get by. This keeps the right people in check from time to time.

rd

Deleveraging of hedge funds. either to liquidate or cover margin calls.

Also, paper gold and physical gold price is decoupling.

Try to call your coin dealer and ask for gold or silver. either they dont have any or they will charge huge premiums for you to get in.

Simple economics says high demand = price increase.