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Gold: Not such a safe haven after all

Posted on 05 September 2014

Gold pays no income, so it’s a losing bet if the returns from cash or equities are strong. Gold is often described as a safe haven investment but its recent price collapse shows that it can also be highly dangerous. The gold price soared in the wake of the credit crunch, when the global financial system teetered on the edge of collapse, to top $1,900 an ounce three years ago.
Some investors predicted it could hit $3,000 or $4,000, but the price dropped 28% last year as the global economy showed signs of recovery. With the price hovering at around $1,300, anybody who bought at the top of the market will have learned to their cost that gold does not always glister………………………………………..Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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