Are gold and oil safe-haven investments?
One dot represents one moment in time between February 1985 and April 2020. So, if you sense, that after 6 months the price of stocks will be lower than today, it might be a good idea to start buying gold. Based on historical data, it will probably end up gaining you positive returns.
Whereas oil gains are not that consistent.
This tiny analysis of scatterplots shows that gold is a safe-haven investment and oil is not so.
What: “Gain” is the amount one’s investment would change if USD 100 were invested six months ago. Stock is made from Dow Jones Industrial Average and Nasdaq Composite indices. Oil is represented by Crude Oil.
When: Monthly data between February 1985 and April 2020
Source: investing.com