The Destruction of a Safe Haven Asset ?

@inproceedings{Baur2012TheDO,
  title={The Destruction of a Safe Haven Asset ?},
  author={Dirk G. Baur and Kristoffer J. Glover},
  year={2012}
}
Gold has been a store of value for centuries and a safe haven for investors in the past decades. However, the increased investment in gold for speculative or hedging purposes has changed the safe haven property. We demonstrate theoretically and empirically that investor behaviour has the potential to destroy the safe haven property of gold. The results… CONTINUE READING