Gold Shrugs Off Armageddon
By GCRU Gold News on Wednesday, July 1 2015, 23:54 - Permalink
One would imagine that such a scenario might be constructive for gold. It has been called the best measure of fear, the only real currency, a refuge for those who plan for panic. So how is it doing these days? Spot prices were soft on Monday, despite the wild volatility in equities, drifting down a few bucks from about $1,180 an ounce to about $1,176. They fell a few dollars more yesterday, and are soft Wednesday.
I thought gold was an investor’s best friend during Armageddon.