31.07.2013 - Why there’s no such thing as a safe haven
Investors who flocked to “safe haven” assets over the past several years suffered a rude shock in 2013. Government bonds, the security blanket of choice for investors traumatized by the global credit crisis, lost 2.2% in the first half of this year. Yet, this disappointing performance looks absolutely scintillating compared to gold bullion. Gold, whose reputation resides in its ability to act as portfolio insurance in difficult times, went into free-fall in 2013 losing nearly a quarter of its value. The hefty returns racked up over the previous three years just evaporated. Unquestionably, more than one gold bug feels like they have splatted on a windshield...............................................Full Article: Source
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