August In Precious Metals, by Steven Cochran of Gainesville Coins
Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainesville Coins. Every month we take a look at “the month that was” in precious metals, covering the price action of gold and examine the “what” and “why” behind those numbers. Volatilitywas the name of the game in August, as a surprise currency devaluation by China spooked investors into realizing that the Communist government in Beijing likely was lying about the state of their economy. This ignited a global meltdown in stocks, the likes of which have not been seen since the height of the financial crisis. Gold …