Cyprus Sells Gold for Cash

Posted by Jason Ayres on Apr 12, 2013 10:03:00 PM

Despite expectations that gold was headed higher, this weeks sell off in the precious metal is another indication of how economic challenges elsewhere in the world end up affecting investors everywhere.  Typically during challenging times precious metals are often seen as a store of value.  This simply means that when assets such as stocks, bonds or currencies are unattractive from a risk/reward perspective, investors and money managers migrate over to the shiny metal to hedge against market risk.

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Topics: buy gold, Cyprus, sell gold for cash, sell gold

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