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Can gold still be considered a safe haven?
First of all, oil prices are hovering at unsustainable levels close to $120 per barrel. Then there's the potential debt crises brewing, not in the private banks this time, but the central banks. US officials have been preparing for a possible, though unlikely, default, the dollar is near a record low. Inflation is climbing, while analysts are warning that slowing growth could hit commodity demand. With such a cocktail of uncertainty, is there any such thing as a safe haven anymore? The natural solution for many investors would seem to be to buy gold, which is hitting record highs day after day. We've covered gold ... (full story)
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