Gold bugs have ruled the money world for more
than a decade as their favorite investment topped every other asset
category since 2000.
But
2012 has been tough for precious metals enthusiasts, especially those
who crammed them into retirement accounts as a "safe-haven" during times
of crisis.
In the
past four months, gold has fallen sharply, and while it was only the
second such sustained drop in a stellar decade, the last downturn came
during the market collapse of 2008.
This year it’s the euro zone crisis that’s
making gold less precious, providing a fresh lesson for those who seek
the comfort of the so-called hard currency in times of strife.
“There is a generation that viewed gold as a safe haven,” said Diane Pearson, a money manager for Legend. "It was true 20 or 30 years ago but it’s a different environment now.”
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