Baur, Dirk G.; Lucey, Brian M. - Institute for International Integration Studies (IIIS), … - 2007
second, we investigate whether gold is a safe haven for investors if either stocks or bonds fall. A safe haven is defined as …, bonds and gold in order to investigate the existence of a hedge and a safe haven. The empirical analysis examines US, UK and … stocks, (ii) Gold is a safe haven in extreme stock market conditions and (iii) Gold is a safe haven for stocks only for 15 …