Has Gold lost its safe haven status?

By jbnaples, October 11, 2018

Hi Travis and my Irregular Friends,
I was just wondering your thoughts on how the price of gold is acting during this downturn.
I understand interest rates affect on gold but inflation should help especially if the dollar looses its luster a bit.
I just don’t see gold being seen as a safe haven this time around as the markets seem to be in a free fall and gold is somewhat flat.
Maybe investors are just waiting to put there money into some big names that were overvalued?
I expected gold to at least pop a little during this volatile market. What are your thoughts?
Thanks in advance for any responses. JB

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Chad
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I currently have 10% of my portfolio allocated to sprott physical silver and gold etf’s right now. I rebalance during major price adjustments over time. I personally feel these precious metals are a good store of value and provide some insurance in the event of a major collapse. I don’t know when the US dollar will fall, but I think it’s more a matter of when, not if. I also see catalysts from gold backed crypto currencies putting pressure on the gold paper markets. There are several new gold backed crypto currencies. See link below. http://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/ Kinesis.money for example will… Read more »
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