Thursday, December 11, 2008

Gold Rising as Skittish Investors Seek Safety

Now that treasuries are looking like a bubble, gold is rising again. Commodities are also showing signs of renewed vigor! Gold is higher for the past four consecutive days. With short-term treasury bills in negative yield territory, investors are startng to flee for the safety of the precious metal, considered by many to be the ultimate safe haven for worried investors. What will happen when investors begin to run for the exits with treasuries? This could become very frightening!