Submitted by GoldCore Gold’s Safe Haven Status Confirmed as "Risk Free" Status of US Sovereign Debt Questioned Gold and silver closed higher yesterday (+0.45% and +0.65%) after
S&P, somewhat belatedly, cut its outlook for the US from stable to
negative. While the move seemed to surprise some, many market
participants have been warning that this was inevitable for some time.
From GoldCore Moody’s Warns UK’s AAA Rating at Risk - Sterling Lower and Remains Near Record Nominal Gold High Gold and silver are lower today despite European equities falling for a sixth day on sovereign debt and economic growth c... Read Post
From GoldCore Silver Set For All Time Record Quarterly Close - Gold To Silver Ratio On Way To 17 To 1 As Per 1980? Gold and silver have consolidated on yesterday’s gains as inflation, geopolitical and eurozone debt concerns support.... Read Post