The Ukraine's Effect on Currencies and Gold
by Robert Bachynski on 03/13/14With turmoil erupting in the Ukraine, the world appears to becoming economically unstable throughout this crisis. One thing is certain, with crisis the masses will flock to safe havens. Two of which are gold and the greenbacks. Historically Gold has done extremely well during these periods, and recently we have seen gold rise close to $100 during this crisis. Remarkably, we have seen in the past few years gold has declined in value. But if gold is a safety net, reason could be because gold is valued in US$. So if the relative safety value of the US$ is greater then gold, we can gather US$ will gain in value and the price of gold may decrease. But during this crisis, we have seen both increase in value. So, has the US$ finally caught up with the economy, or are there just more people getting married this year causing the demand for gold to increase?