Post #174 Why gold is still a safe haven in times of crisis
With the C 1 9 crisis, interest in gold has soared, driving its price to historic highs, says an observer. So why is gold a safe haven? The simple answer is that it has worked in the past. Based on past experience in a crisis, people believe in the safe haven feature of gold and it works because they believe in it.
Gold has been used since ancient times as a store of value. Though hundreds of thousands have dug and panned for it over history, the amount of gold mined has never been enough to devalue it.
Refer to post #8 #9 #44 #63 #64 #97 #98 #102 #114 #115 #116 #117 #118 #120 #121 #122 #123 #124 #130 #131 #132 #137 #141 #151
Please follow and like us:
