The extended bearish trend witnessed by gold continues as the precious yellow metal recently hit a 34-month low, the lowest in almost three years and also marking a record quarterly loss.
During the global financial crisis, gold is seen as a safe-haven investment. It does live up to its expectation as it outperformed U.S. Treasuries and the Swiss franc but the precious metal has been seeing red since the beginning of the current year.
Exchange traded funds (ETFs) are securities that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. The Gold ETF is a simple way for investors to purchase gold. Rather than physically buying the
Gold Debenture Holders are advised that the special resolutions tabled at a meeting held on 1 March 2013 to, inter alia, adopt a new Memorandum of Incorporation and to amend the Terms and Conditions of the Gold Bullion Debentures have been passed.
Gold is regarded as a currency that cannot be manoeuvred by interest rate policies of any one government. It has traditionally been an asset class used as a hedge against inflation. And therefore is deemed to be a safe haven during times of uncertainty. T