28.07.2011 - Not all commodities are safe havens
The rise in commodity prices over the past two weeks as investors grow more worried about the U.S. debt ceiling impasse won’t last in the event of an actual US downgrade or default, says Julian Jessop, chief international economist at Capital Economics. With the exception of gold and silver, which could benefit as safe haven investments, prices for base metals and oil would likely fall if the debt of the U.S. government is no longer deemed risk-free..............................................Full Article: Source
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