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Did gold really disappoint as a “safe haven”?

Posted on 25 April 2013

What is a “Safe-Haven”? It should be defined as a long-term investment that holds its value internationally, in extreme financial times. Is gold one of these? After all, it has fallen from $1,921 at its peak to $1,344 at its trough.
This is a 30% fall over the last year plus. At one time George Soros described gold as the “Ultimate Safe-Haven”, before saying it was a “disappointing Safe-Haven”. Alan Greenspan described gold as being “money in extremis.”……………………………………….Full Article: Source


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VRS - who has written 38939 posts on Opalesque Commodities Briefing.


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