Gold Is Safe Haven – Growing Consensus In Latest Academic and Independent Research

Friday, February 7, 2014
By Paul Martin

GoldCore
GoldSeek.com
Friday, 7 February 2014

ECB President Mario Draghi made more dovish statements, saying that the ECB “will maintain an accommodative stance of monetary policy for as long as necessary” which was gold supportive.

Draghi reiterated that the bank may take more accommodative action if money-market turbulence resumes.

Gold is 4.5% higher this year on haven demand due to concern that a slump in emerging markets would slow global economic growth affecting global financial markets. Almost $3 trillion has been erased from the value of equities worldwide so far this year.

Global markets are now dependent on the drug that is cheap money and any reduction in money printing and debt monetisation will likely lead to market turmoil and economic dislocations.

The Rest…HERE

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