gunDriller
6th July 2015, 01:06 PM
I was waiting for this article to say, "but the price of gold has been dropping even as geo-political risk has been increasing, so it has lost its safe haven status".
But they didn't even mention gold.
http://www.bloomberg.com/news/articles/2015-07-06/good-luck-finding-a-place-to-hide-as-global-markets-crumble
And the entire article was about SAFE FVCKING HAVENS.
So, is that Propaganda or not ?
Bullshit article.
"Investors tend to respond to impending doom by selling risky stuff and hiding out in safer assets -- namely, bonds in places such as Germany and the U.S.
There’s a problem with that formula this time around: Traders aren’t so sure they can find anything that’s truly safe right now. So, instead of piling into sovereign debt of developed nations, traders are pulling their money out of those places as the Greek economy teeters on the brink of collapse, Puerto Rico talks about delaying some debt payments and China’s stock market suffers its biggest selloff since 1992."
But they didn't even mention gold.
http://www.bloomberg.com/news/articles/2015-07-06/good-luck-finding-a-place-to-hide-as-global-markets-crumble
And the entire article was about SAFE FVCKING HAVENS.
So, is that Propaganda or not ?
Bullshit article.
"Investors tend to respond to impending doom by selling risky stuff and hiding out in safer assets -- namely, bonds in places such as Germany and the U.S.
There’s a problem with that formula this time around: Traders aren’t so sure they can find anything that’s truly safe right now. So, instead of piling into sovereign debt of developed nations, traders are pulling their money out of those places as the Greek economy teeters on the brink of collapse, Puerto Rico talks about delaying some debt payments and China’s stock market suffers its biggest selloff since 1992."