Gold Doesn't Mean Safety
Gold does not = safe haven. This is a common misconception to new/unaware traders when it comes to buying commodities. People think that gold is safe whenever their is turmoil and that's just not true. Gold follows mainly with interest rates - when they go down so does prices of Gold. If your looking for more stable things to invest in then you want to invest in bonds.
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I'm an avid metal music lover/ player. Yup I trade as well.
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ghostmoney : hey genius interest on gold doesn't effect the price of stock, get a clue, better yet how about a brain, yours is obviously dead
SmrtTrader OP : I don't understand what part you think I'm not using my brain on. oh I see it I meant to put up me error. I do have one question though. What fucking stock do you think I'm talkin about here where did I mention anything in my post about a stock going up or down? are you high? I was talking about the correlation between gold prices and interest rates not the price of a stock so yes in response to your comment I am a fucking genius because not one place did I mention a particular stock or stock price at all. don't be bashing people when you can't even comprehend a simple paragraph.
PostponedProgress : Gold prices tend to have a negative correlation to interest rates, much like the subprime mortgage crisis. When interest rates drop, gold typically rises. Today is a fantastic example. The price of gold, not any stock related to it, generally does thrive in turmoil. What you’re saying can be a bit misleading.