Fears over Greece should increase in the coming days, so then the gold prices, as the yellow metal will be bought as a safe haven or a hedge
against the financial turmoil that could follow a Greek default.
Traders and investors were concerned over the Greek situation and therefore gold was bought as a safe haven or hedge
against the financial turmoil that could follow a Greek default.
The security of being able to hold your investment in your hands if things go sour makes them the perfect insurance
against any financial turmoil.
Not exact matches
Corporate America has operated in crisis mode since the 2008
financial panic, accumulating cash as a brace
against further
turmoil similar to the credit implosion.
The June 23 vote took many investors and chief executives by surprise, triggering the deepest political and
financial turmoil in Britain since World War Two and the biggest ever one - day fall in sterling
against the dollar.
The most obvious advantage of buying and storing precious metals such as gold and silver yourself is the protection it offers
against all kinds of
financial and political
turmoil.
Keep in mind that most people invest in gold because they see precious metals as insurance
against financial or political
turmoil, which is a long - term investment.
Among hard assets, the classic investment is gold, which is widely seen as a hedge
against inflation and political
turmoil, and viewed as a good diversifier for
financial assets like stocks and bonds.