To me gold is an anachronism, it's touted as an inflation hedge but to my eyes there are better, as for a safe haven it doesn't really act like that either to my eyes anyway. This is gold and copper compared since July 88 (the earliest data that TV has for copper futures) gold has been the laggard to copper.
This is US cpi compared to gold and equities since March 75 (the date of the earliest gold data on TV) It's hard to see any negative correlation between gold and the markets other than the late 70s early 80s. It certainly didn't work in the GFC as a safe haven asset to any great extent.
