BUSINESS PRECIOUS METALS

Gold Protects from Financial Crisis and Crashes Throughout History – Lucey and O’Connor

Share The Knowledge

This is an interesting interview between Professor Brian Lucey and Dr. Fergal O’Connor, lecturer in finance and economics at University College Cork (UCC) on gold’s performance as a safe haven asset in the last 200 hundred years and in recent history including the 2008-2012 global financial crisis. 

CRYPTO LEVERAGE TRADING

The pandemic is one moment in history and Brian and Fergal discuss what gold has done in other periods of financial and social stress, and what its prospects might be. 

Gold always plays a part in the asset allocation process and protects from crashes throughout history. All assets come and go and many assets that had a value in history are now worthless. Gold and silver have remained money and or safe haven assets in history.

NEWS and COMMENTARY

Gold steadies near $1,800 on virus fears, U.S.-China spat

China’s banks brace for more bad loans as coronavirus-hit economy slows

Negative U.S. rate bets persist, but seen unlikely to happen

Fed kicks off Main Street lending, balance sheet tops $7 trillion

U.S. targets all Chinese Communist Party members for possible travel ban: source

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

16-Jul-20 1804.60 1807.70, 1438.09 1436.04 & 1583.72 1581.56
15-Jul-20 1809.30 1804.60, 1436.22 1441.31 & 1582.96 1579.57
14-Jul-20 1798.20 1801.90, 1436.58 1440.62 & 1583.14 1581.71
13-Jul-20 1808.05 1807.50, 1435.23 1432.26 & 1598.32 1591.68
10-Jul-20 1805.75 1803.10, 1433.40 1427.33 & 1599.35 1594.84
09-Jul-20 1812.45 1812.10, 1434.01 1431.74 & 1600.57 1600.08
08-Jul-20 1799.35 1811.10, 1438.40 1438.74 & 1596.38 1598.48
07-Jul-20 1775.50 1789.55, 1423.77 1424.84 & 1576.11 1585.00
06-Jul-20 1774.40 1787.90, 1420.76 1429.43 & 1572.12 1578.36
03-Jul-20  1774.65 1772.90, 1426.29 1422.40 & 1580.33 1577.70
02-Jul-20  1771.85 1777.45, 1415.00 1421.60 & 1568.97 1577.13
01-Jul-20  1787.40 1771.15, 1444.90 1424.63 & 1592.93 1574.82

 

Access Latest Goldnomics Podcast (Part II) Here

Own gold coins and bars in the safest vaults in Zurich, Switzerland with GoldCore. Learn why Switzerland remains a safe haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here

Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here

The post Gold Protects from Financial Crisis and Crashes Throughout History – Lucey and O’Connor appeared first on GoldCore News.

Source

Tagged with:

Similar Posts