Sunday, January 27, 2013

Gold is, in fact, an “unsafe haven.”!

To make matters worse, unlike  in the case of technology stocks and housing, gold's historical significance has created an aura and  illusion that  gold  prices will  never fall.  Since  gold  has  been  used  as  currency  and  has  been  sought  after  by  nearly  every  civilization for thousands  of years, gold investors assume that investing in gold is “safe.” But with gold now an object of mass speculation and subject to herd-like behavior,
we are not far from the day when investors realize that gold is, in fact, an “unsafe haven.”
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