Investors' Cash-Grab Shreds Gold's Safe-Haven Status

December 16, 2011

 

Gold is no longer considered a safe haven, as gold positions are liquidated in favor of the U.S. dollar; however, gold ETF holdings tell a different story, according to an article published on Reuters.

Although gold prices are falling, global holdings in gold ETFs still remain close to December’s record high of 70 million ounces.

Stanley Crouch is quoted in the article stating that there is a higher-than-average likelihood that investors will have the opportunity to buy cheaper assets in the near and medium term.

Head to Reuters.com for more information.

 

 

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