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Stock impact report

Why people consider gold to be a 'safe haven' in crises like the coronavirus [MSNBC.com]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: MSNBC.com
Andrew Rudakov | Bloomberg | Getty Images"Gold is a way of going long on fear," renowned investor Warren Buffett once said.The Berkshire Hathaway CEO explained that if people "become more afraid, you make money, if they become less afraid you lose money, but the gold itself doesn't produce anything."Investors' fear levels are particularly high right now, as the coronavirus pandemic turned a global health crisis into an economic one. And it's uncertain when the world will recover from either of these crises.It is in such times of uncertainty that gold is touted as a "safe haven" for those looking for shelter from more traditionally volatile investments, like stocks."Compared to an investment in stocks, where even the biggest blue chip companies can (and have) failed, an investment in gold often seems less risky," said Adam Vettese, market analyst at investment platform eToro.A reliable store of valueAs the world's earliest form of currency, gold's physical properties have meant it has Show less Read more
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