Even Asset Managers Run for Cover to Gold ETFs
Source: Seeking Alpha, Tom Lydon (10/2/08)
Asset managers that deal heavily in ETFs are taking defensive stances on the current market and buying hard, tangible assets like gold and commodities.
Gold is, and has always has been the most traditional safe haven. As lawmakers are working out a plan to save financial markets, many people want to know where to put their money. One thing is for certain: if inflation rises, food and energy are going to become that much more expensive, reports Trang Ho for Investor’s Business Daily.