Financial Times/Henry Sanderson
“Gold’s lacklustre performance this week appeared to diminish the metal’s ‘safe haven’ status, as it declined for the second week in a row amid a global stock market sell-off due to coronavirus. But investors are still flocking to the precious metal in the hope of a rebound and protection against an even worse fall in other assets, from stocks to currencies and bonds.”
USAGOLD note: Sanderson reports of a development we are experiencing first-hand at USAGOLD. The fact of the matter is that the very strong physical demand for gold and silver argues for its ‘safe-haven status.’
Repost from 3-22-2020
