"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."

Volatile

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About Nouriel Roubini

Nouriel Roubini is an economist known for work on international macroeconomics and financial crises. He is a professor and policy commentator on global markets.

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