Gold has traditionally been known as a safe haven asset and people are asking why it’s trending down in the midst of chaos. In times of uncertainly, money has veered towards gold, the Swiss Franc, U.S. Treasuries and the Yen in Japan. Trade wars are brewing, emerging-markets are collapsing and currencies are volatile, so why isn’t gold running up? Increasing geopolitical risk and economic uncertainty should be bullish for the yellow metal. Gold bugs are scratching their heads wondering why time tested rules of thumb are off the mark this year. According to the research department at West Capital International, the key to understanding bullion’s current slide lies in busting the following five myths West Capital Intl Japan MYTH: INFLATION DRIVES GOLD When inflation rises, purchasing power drops, and investors should turn to hard assets like gold as a store of value. But inflation-adjusted yields are rising and the price of gold is in a slump. The fact is that the main economic dri...