You are here
Why gold's plunge proves it's a safe-haven asset
By Myra P. Saefong
MarketWatch.com, New York
Thursday, March 12, 2020
Gold is often seen as a safer bet for investors and today's plunge in prices, as global stock markets drop, shows that investors have taken refuge in what the precious metal has to offer: cash.
"If gold's being sold to raise cash in an emergency, which is what appears to be happening now, then it is doing its job as a safe haven," said Brien Lundin, editor of Gold Newsletter.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
The most-active April gold futures contract fell $52, or 3.2%, to settle at $1,590.30 an ounce on Comex, after trading as low as $1,560.40. It suffered its largest one-day percentage loss since the 4.6% decline seen on Feb. 28, which marked the biggest single-session drop since June 2013. ...
Today gold "officially outperformed the S&P 500 over a five-year horizon," said Ryan Giannotto, director of research at GraniteShares, which offers the GraniteShares Gold Trust.
"The market is simply in turmoil right now," he told MarketWatch during today's trading session. "Even with today’s losses, it should not be overlooked that gold is up $40 an ounce year-to-date versus the 22% year-to-date loss in equities." ...
... For the remainder of the report:
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at firstname.lastname@example.org.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at email@example.com.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: