Gold’s “Bear Market”: 4 Things Investors Should Know
We don’t make price forecasts at BullionVault (one reason we’re not on CNBC very often). Nor do we claim gold must only go higher forever. There’s a good time to own gold, we think, and a bad time.
So far, 2013 isn’t proving much fun, despite fresh Eurozone crisis, plus ongoing attacks on the value of currency by central banks everywhere.
How come? Money managers have clearly grown tired of the financial crisis, if not blasé. After a full decade of year-on-year gains, gold’s drop is a natural outcome, and by no means does this fall undermine gold’s safe haven appeal. It may well, however, be costing you money you’d really rather not lose.