Is Gold a Safe Haven Investment?

No wonder slowing economy, poor corporate earnings, volatile world stock market reducing gas price are pushing the investors towards gold.

Today Gold is trading at $748/ounce, gas is trading at $48/barrel, dollar is weak against yen(94.35 yen = $1). And if I want to look at the misery index (Misery Index (11.04) = Unemployment rate (6.1) + Inflation rate (4.94)). Misery index is touching 11 after 1991 (Bush Sr. era). The inverse correlation is fascinating!

So, we should invest in safe haven, as all pundits are predicting further global slowdown?

Open for comment.
-Sam