Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As we have all seen in recent days the whole premise of the bull argument in Gold has been shot to pieces- inflation, store of value and sovereign debt risk. It may revive, but for a store of value you would have been best off buying a flat in Hackney in 2008 and renting it out than going for the yellow metal. So where does all this leave plays like Gold miner Petropavlovsk?
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