05-07-2016 17:08 via feedproxy.google.com

CITI: There's a commodity that's a better safe-haven option than gold

One of the more popular debates among economists revolves around the question: what's the point of gold?
Some think that it doesn't serve any purpose, and therefore doesn't have any intrinsic value.
Others claim that hoarding gold is a legitimate way to safely store wealth, in preparation for economic troubles.
Investors in aggregate tend to lean towards the latter sentiment. In times of market turmoil, they generally dive head-first into the shiny metal.
For example, most recently, gold pr
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