Gold Protects from Financial Crisis and Crashes ThroughoutHistory - Lucey and O'Connor (video)

This is an interesting interview between Professor Brian Lucey and Dr. Fergal O'Connor, lecturer in finance and economics at University College Cork (UCC) on gold's performance as a safe haven asset in the last 200 hundred years and in recent history including the 2008-2012 global financial crisis.

The pandemic is one moment in history and Brian and Fergal discuss what gold has done in other periods of financial and social stress, and what its prospects might be.

Gold always plays a part in the asset allocation process and protects from crashes throughout history. All assets come and go and many assets that had a value in history are now worthless. Gold and silver have remained money and or safe haven assets in history.

NEWS and COMMENTARYGold steadies near $1,800 on virus fears, U.S.-China spatChina's banks brace for more bad loans as coronavirus-hit economy slowsNegative U.S. rate bets persist, but seen unlikely to happenFed kicks off Main Street lending, balance sheet tops $7 trillionU.S. targets all Chinese Communist Party members for possible travel ban: source

GOLD PRICES (USD, GBP & EUR - AM/ PM LBMA Fix)

16-Jul-20 1804.60 1807.70, 1438.09 1436.04 & 1583.72 1581.5615-Jul-20 1809.30 1804.60, 1436.22 1441.31 & 1582.96 1579.5714-Jul-20 1798.20 1801.90, 1436.58 1440.62 & 1583.14 1581.7113-Jul-20 1808.05 1807.50, 1435.23 1432.26 & 1598.32 1591.6810-Jul-20 1805.75 1803.10, 1433.40 1427.33 & 1599.35 1594.8409-Jul-20 1812.45 1812.10, 1434.01 1431.74 & 1600.57 1600.0808-Jul-20 1799.35 1811.10, 1438.40 1438.74 & 1596.38 1598.4807-Jul-20 1775.50 1789.55, 1423.77 1424.84 & 1576.11 1585.0006-Jul-20 1774.40 1787.90, 1420.76 1429.43 & 1572.12 1578.3603-Jul-20 1774.65 1772.90, 1426.29 1422.40 & 1580.33 1577.7002-Jul-20 1771.85 1777.45, 1415.00 1421.60 & 1568.97 1577.1301-Jul-20 1787.40 1771.15, 1444.90 1424.63 & 1592.93 1574.82

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