In a shocking loss for individuals who thought they could count on gold to keep them safe, investment statements arriving in household mailboxes soon will show people the unthinkable.
In three months investors in gold have lost 23 percent. The loss is even worse for people who have been trusting silver to insulate them from inflation, money-printing by the Federal Reserve and dysfunction in Washington.
A popular way to invest in silver, the iShares Silver Trust (SLV) fund plunged 31 percent during the quarter that ended June 30, while the SPDR Gold Trust (GLD) fund lost 23 percent.
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