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Stocks & Commodities V. 26:8 (48): Futures For You by Carley Garner
Stocks & Commodities V. 26:8 (48): Futures For You by Carley Garner
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Futures For You by Carley Garner
Is gold really a safe haven?
When the term safe haven is casually used to describe the precious metals markets, namely gold, I cringe. I find myself wondering, safe relative to what? In my experience, gold futures have proven to be on the top of the list of volatile commodities. Sure, if you are savvy enough to buy the low and sell the high, investing in gold is safe. For those of us who cant see into the future, buying or selling gold in the futures, cash, or bullion market is purely speculation. My intent isnt to discourage you from trading gold, but to make sure that you see it for what it is a trade and not an investment.
This belief may stem from the days when gold was viewed as an asset, not a currency, or subsequently in the gold standard era. However, the argument for safe gold doesnt seem to have much validity in todays markets. Gold market fundamentals today are a far cry from what they were in the past, yet many seem to have overlooked this fact.
Is gold really a safe haven?
When the term safe haven is casually used to describe the precious metals markets, namely gold, I cringe. I find myself wondering, safe relative to what? In my experience, gold futures have proven to be on the top of the list of volatile commodities. Sure, if you are savvy enough to buy the low and sell the high, investing in gold is safe. For those of us who cant see into the future, buying or selling gold in the futures, cash, or bullion market is purely speculation. My intent isnt to discourage you from trading gold, but to make sure that you see it for what it is a trade and not an investment.
This belief may stem from the days when gold was viewed as an asset, not a currency, or subsequently in the gold standard era. However, the argument for safe gold doesnt seem to have much validity in todays markets. Gold market fundamentals today are a far cry from what they were in the past, yet many seem to have overlooked this fact.
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