The Phaserl


Gold Essential “Safe Haven” Due to Greece … Spain, Italy, Ukraine, Lehman and “Bad Stuff”

from Gold Core:

Newstalk interviewed GoldCore’s Mark O’Byrne this morning about the investment asset that is not well understood – gold.

The interview began with Nick Bullman of Newstalk asking Mark to explain the poor performance of gold in recent years as it has underperformed since 2008

Gold prices rose every single year from 2000 to 2013 responded O’Byrne.

It had “massively outperformed” due to many risks and on the expectation of major financial crisis and had as such had priced in the financial crisis of 2008 and protected investors during and after the crisis.

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