06.07.2016 - CITI: Oil is a better safe-haven option than gold
One of the more popular debates among economists revolves around this question: What's the point of gold? Some think it doesn't serve any purpose, and therefore has no intrinsic value. Others claim that hoarding gold is a legitimate way to safely store wealth in preparation for economic troubles. As such, a Citi research team led by Jonathan Stubbs argued that, overall, black gold — aka oil — is probably a better bet than gold. "Many investors see gold as the ultimate hedge. We see a strong case for owning 'black gold' over gold for those truly looking for a two-way, rather than one-way, hedge against real world risks," the team recently wrote in a note to clients...............................................Full Article: Source
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