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VOIMA/Jan Nieuwenhuijs/3-19-2020
“Gold is a store of value. The media, however, frequently exaggerate short-term swings in the price of gold. This month they first wrote ‘gold lost safe haven status’ when the price declined for a few days, only to report ‘gold gets groove back’ when it was up for half a day. Due to gold’s inherent properties—it’s physical, can’t be printed, has no counterparty risk, etc.—gold has preserved its value like no other currency for thousands of years. Why question its safe-haven status based on short-term volatility? It’s true that from the moment we left the gold standard, gold has become more volatile. Still, in general, its purchasing power has increased ever since.”
USAGOLD note: Another well-conceived piece of analysis from Mr. Nieuwenhuijs ……