Friday, September 30, 2011

Gold “Intrinsically More Sound” than Other Safe Havens?

Although gold has fallen victim to broad-based liquidation and U.S. dollar
strength in September, it remains intrinsically more sound than most, if not all
other financial safe-havens, according to GFMS. The metals consultancy firm
contended that the yellow metal remains the preferred safe haven asset over
U.S. Treasuries, German government bonds and the Japanese yen despite its
recent weakness.

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