Two ‘Safety Zone’ Currencies That Consistently Beat Confused Markets
Jun 13th, 2008 | By Sean Hyman | Category: International Investing
However, you can tell when that confidence and faith erodes where it really goes…the oldest currency in the world, dating back 2,000 years…
That’s right, none other than gold itself. Everything else is a piece of paper backed by confidence/faith in its government.
Gold Is On a Long Road Up, With Very Few Dips
After reaching over US$1,030 (which was way over done for the moment by the way), gold has pulled back to its 200-day moving average region. That gives gold a healthier shot to launch upward once again in these uncertain times.
So there are your two “safety zones” when money gets scared. Gold is the safety zone in times like these and the Swiss franc is a place where traders instinctively go out of habit.
Should more uncertainty persist (and believe me it could in these days of stagflation), then expect more money flows into the Swiss franc and into gold.
SEAN HYMAN, Currency Analyst
Source: Two ‘Safety Zone’ Currencies That Consistently Beat Confused Markets
Pages: 1 2
Advertisement
A small group of ordinary individuals have discovered profits in a highly focused sub-niche of the currency market - that is literally driven by political and monetary uncertainty.
The following report outlines the exact details of how 487 BETA-testers had the opportunity to collect, on average, an extra $5,970 every 30 days following a simple 3-step formula.
Pages: 1 2
