Market volatility and flight to quality puts gold back in fashion

"Gold still represents the ultimate form of payment in the world… Gold is always accepted," according to Alan Greenspan, former chairman of the US Federal Reserve, speaking in 1999.

Gold as a safe haven asset - valeur refuge - is not a new concept. For hundreds of years, gold has been used as currency, even when money has not been accepted. As the ultimate reserve currency, gold is back in fashion. It has always been seen as a safe haven for investors and as market volatility and uncertainty

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