Quote by: Nouriel Roubini

In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As a result, gold can be very volatile - upward and downward - at the peak of a crisis.

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Author Bio

  • NameNouriel Roubini
  • DescriptionAmerican economist
  • BornMarch 29, 1958
  • CountryUnited States Of America
  • ProfessionEconomist; Art Collector