GOLD NEW HIGH, 2 COMMON SENSE FACTS SHOW THAT SAFE HAVEN BETS POPULAR NOW MIGHT BE WRONG $SPY $GLD $SLV $TLT $FXY $GDX $GDXJ $NUGT
Investors are running headlong toward safe-haven assets. Gold, the ultimate safe haven, and bonds are in high demand.
The most common question I am being asked today is: “The world is falling apart, everyone is buying gold and bonds, so should I follow?” To answer that question, let’s start by looking at a chart of safe-haven assets.
Chart
The chart compares the performance of the S&P 500 ETF SPY, with exchange traded funds of four popular safe-haven assets. Please click here for the chart.
Popular safe-haven asset ETFs are gold ETF GLD, silver ETF SLV, Treasury bond ETF TLT, and the Japanese yen ETF FXY, Similar behavior can be seen in popular gold miner ETFs GDX, GDXJ, and NUGT,
The chart shows a strong move up by safe-haven assets.… Please click here or the title below to read more.