Gold ETFs In 2012: The Good, The Bad, And The Ugly

This year has proven to be somewhat of a difficult year for gold, as this precious metal has struggled to maintain its footing amidst global economic uncertainty. It seems as though eurozone turmoil and a disappointingly slow road to recovery for the United States has become commonplace in today’s market. Nearly everyday, investors are bombarded with headlines from around the globe, shedding light on the latest sour economic reports and the fragility of the global financial market. Although gold is often coveted as a safe haven investment during hard times, the precious metal seems to have lost its way so far in 2012 [see also Were Gold and Silver Manipulated Alongside LIBOR?]. In general, gold is the top choice for safe haven investments since historically the asset has exhibited a negative correlation to the stock market: when the equities market takes a tumble and economic uncertainty is high, investors often shift their assets [...] Click here to read the original article on ETFdb.com. Related Posts: Soros Dumps Gold ETF Assets Gold Miner ETFs: Breaking Down All The Options Global X Launches Gold Explorers ETF (GLDX) Playing Precious Metals Through Equity ETFs Inflation-Fighting ETFs Back In Focus