Subject: Why is gold considered a “safe-haven”? Tue Apr 24, 2012 4:02 pm
Why is gold considered a “safe-haven”?
Gold is considered a safe-haven asset as throughout history it has been viewed as a store of value. It is essentially a currency that cannot be manipulated by the interest rate policies of any one government, and has traditionally been used as a hedge against inflation.
As the US dollar continues to decline, money moves to gold in order to take advantage of the potential inflation that may occur as a result.
Tue May 03, 2016 9:51 am by Andrea ForexMart
Subject: Why is gold considered a “safe-haven”? 