CNBC reported last week that “Cash – Not Gold – Is New Safe Haven for Investors”….
Gold has been a safe haven for investors, but in the fiscal crisis, people are looking for cash in any way that they can find it.
Even gold is paying the price, as investors are untrusting of commodities. The bottom line is that investors want cold hard cash.
However, all investment analysts are predicting rises in gold in the near future. Some predict that gold will fall far before it sees a jump. Many are unsure about the international banks around the world. There will be winners and losers and most people are looking for liquidity. Both gold and oil will be indicators of the future of our global economy. Read the entire article here…..
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Friday, December 12, 2008
Cash More Solid Than Gold?
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