Gold is a safe haven investment for a number of reasons: it carries no counterparty risk, its supply is limited, it fits in small places, exists outside of the mainstream financial system and is universally seen as a store of value. Similarly, gold companies hold vast resources of gold locked in the ground that only they have the technology and skills to extract and bring to market. While gold and gold stocks are highly tradeable, volumes are dwarfed by stock, bond, and currency markets. A relatively small shift in global asset allocations can drive the gold markets. We believe such a secular shift has begun, driven by four broad categories of systemic risk: deflation, debt, inflation and loss of confidence.
MVIS Global Junior Gold Miners Index vs. NYSE Arca Gold Miners Index vs. Gold Price
04/30/19-04/30/20
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