Investors need gold as a security blanket

In times of crisis, investors look to gold for safety. With the current Covid-19 pandemic, it’s no different. But our attachment to gold may be more archaic than economic.In olden days, the yellow metal embodied magical properties. This relic remains a legacy for many investors. Some of the world’s largest hedge funds are doubling down on gold. Among the best known are Paul Singer’s Elliott Management, Andrew Law’s Caxton Associates and Danny Yong of Dymon Asia Capital.Likewise, fund managers…

Read the original article at South China Morning Post