It's Official.Gold is the New Safe Asset.

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strive4impact
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It's Official.Gold is the New Safe Asset.

From http://money.cnn.com/2011/09/09/markets/markets_newyork/

As investors searched for safety, they fled risky investments like stocks and oil and rushed into U.S. Treasuries and gold. The 10-year yield fell to a record low of 1.89% from 1.99% late Thursday, and gold prices added $2, or 0.1% to $1,859.50.
 

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