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I still consider Gold as a safe heaven for long term investment. I dont trade it for short term. May be for risk aversion it might not be the first choice in the short term.

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Suneetha
Suneetha
1 year ago
 

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This is a tough one!....but, Gold was over inflated since about February. The "mute"-ness of Gold can be viewed as course of correction due to over inflation of Gold to Currency (GLDUSD, GLDEUR, Etc.)

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Tyce
Tyce
1 year ago

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Gold is only a safe haven for long term investment. Not short term.

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Lisa
Lisa
1 year ago

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Those who speculate prefer to trade currencies of Forex markets over gold, however gold has historically served as an investment that investors consider to be a safe haven.

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fxpie
fxpie
1 year ago

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Gold is a long time investment for just 2 days risk aversion gold might not be first choice of save heaven

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Harold
Harold
1 year ago

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Market cannot be predicted. Thats the reason why.

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thegreeks
thegreeks
1 year ago

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That market will do what it wants to do. There is no rhyme or reason as to why Gold is not the first choice. Only those who move the markets could answer that

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fuji022
fuji022
1 year ago

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Simply hearing that gold is not a 'safe haven currancy' brings conclusions that its value in the market is not very high or strong. Though gold is valuable, it rarely fluctuates beyond a few points above or below the mean. Though it is a good long term investment, quick profit is likely not a possibility.

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Warren
Warren
1 year ago

Gold is hovering the recent history high and you concluded that the gold value is "not very high or strong" is not logical.

Posted by:
Kingpin
Kingpin
Date Added : Jun 30, 2010