All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 October In gold we trust why bullion is still a safe haven in times of crisis In gold we trust: why bullion is still a safe haven in times of crisis 05/10/2020 | 5 MINS ΓÇ£GoldΓÇ¥ said famed investor Warren Buffett in 1998, ΓÇ£gets dug out of the ground in Africa or someplace, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.ΓÇ¥ Yet for all that, we remain in love with gold ΓÇô especially in times of uncertainty. With the COVID-19 crisis, interest in gold has soared, driving its price to historic highs (eclipsing its past record set back in August 2011). Even Buffett seems to have softened his longstanding antipathy, with his company Berkshire Hathaway acquiring a US$565 million stake in the worldΓÇÖs second-largest gold miner, CanadaΓÇÖs Barrick Gold Corporation. Owning shares in a gold-mining company, though, is not the same thing as owning actual gold. Since gold shares are linked both to gold prices and to the broader sha
All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 October In gold we trust why bullion is still a safe haven in times of crisis In gold we trust: why bullion is still a safe haven in times of crisis 05/10/2020 | 5 MINS ΓÇ£GoldΓÇ¥ said famed investor Warren Buffett in 1998, ΓÇ£gets dug out of the ground in Africa or someplace, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.
Anyone watching from Mars would be scratching their head.ΓÇ¥ Yet for all that, we remain in love with gold ΓÇô especially in times of uncertainty.
Lombok Institute of Technology
With the COVID-19 crisis, interest in gold has soared, driving its price to historic highs (eclipsing its past record set back in August 2011).
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Even Buffett seems to have softened his longstanding antipathy, with his company Berkshire Hathaway acquiring a US$565 million stake in the worldΓÇÖs second-largest gold miner, CanadaΓÇÖs Barrick Gold Corporation.
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Owning shares in a gold-mining company, though, is not the same thing as owning actual gold.
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Since gold shares are linked both to gold prices and to the broader sha
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