Wedding set

Re: Wedding set

my very basic understanding is that a politician’s death creates instability in the economy because everyone is foreseeing their other stocks dropping, so they start selling those before they lose too much money, and start buying something that doesn’t devalue like other stocks because its a “safe haven” and that increases demand and drives the price up. im trying to recall economics from way back when but there you go, when something crazy happens, the price of oil and gold always goes up.

reuters explains it better :stuck_out_tongue:
http://www.reuters.com/article/hotStocksNews/idUSL028236520080102

“LONDON (Reuters) - Gold prices swept to a record high on Wednesday above the key $850-an-ounce mark, driven by surging oil, a weaker dollar and simmering geopolitical tensions that polished its safe-haven credentials.”
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“It’s not surprising, given that gold’s a safe-haven asset. It’s reflective of the fact there is risk aversion in the market in the new year,” said Phylis Papadavid, strategist at Socgen. “Right now the market is wanting more clarity on the U.S. economy.”
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“A weaker dollar makes gold cheaper for holders of other currencies and often lifts bullion demand. The metal is also generally seen as a hedge against oil-led inflation.”
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“Oil prices briefly touched a record $100 a barrel on Wednesday, boosting gold’s appeal as a hedge against inflation. Violence in Nigeria, tight energy stockpiles and a weaker dollar triggered a surge of speculative buying in crude oil. U.S. crude futures settled up $3.64 at $99.62 a barrel.”
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“Geopolitical tension – most recently highlighted by the assassination of Pakistan opposition leader Benazir Bhutto – also proved a boon for safe-haven buying.”