Gold Bullion Holds Its Own As Media Stocks Collapse

Gold Holds Its Own As Media Stocks Collapse

That hasn’t stopped many gold bears from using this as an opportunity to disparage the yellow metal
A recent Bloomberg article points out that the gold rout has cost China and Russia $5.4 billion

An amount that would sound colossal were it not for the fact that U.S. media companies such as Disney and Viacom collectively lost over $60 billion for shareholders in as little as two days last week
Below are the weekly losses for just a handful of those companies. Compared to many other asset classes, gold has held up well, even after factoring in its price decline