Gold fulfills its haven role despite November falls

Fidelity Personal Investing/Ed Monk/12-1-2020

“Despite its recent falls, gold has done a good job of protecting investors this year, fulfilling its brief as a haven of last resort as fear took hold amidst the pandemic. Prices remain well above where they began before the outbreak in February and anyone who followed the maxim to ‘always hold gold’ is likely to be glad they did.”

USAGOLD note:  Despite the November correction, gold is still up 19% for 2020, 24.6% over the past 12 months, and nearly 68% over the past five years – an impressive track record in a zero-percent world.

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