Gold Holds Its Own As Media Stocks Collapse

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Published : August 11th, 2015
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Category : Market Analysis

24hGold - Gold Holds Its Own A...

  • But that hasn’t stopped many gold bears from using this as an opportunity to disparage the yellow metal
  • A recent Bloomberg article points out that the gold rout has cost China and Russia $5.4 billion
  • An amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days last week
  • Below are the weekly losses for just a handful of those companies. Compared to many other asset classes, gold has held up well, even after factoring in its price decline

Read more on ‘Gold Holds Its Own As Media Stocks Collapse’

Data and Statistics for these countries : China | Russia | All
Gold and Silver Prices for these countries : China | Russia | All
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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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