Is It Time To Own Gold Or Bitcoin?
From Forbes
Just like your house provides you with a shelter from all the dangers (to a certain extent), investing in a safe haven provides the same comfort. A safe haven is a precautionary trade which investors trade under heightened uncertainty. The ultimate safe haven trade for investors has been the yellow shining metal, however, a new popular derivative which is behaving like a safe haven is cryptocurrency. Bitcoin stands tall in that basket because as of today the collective market cap of all the cryptocurrencies has reached a $161 billion for the first time. The acceptance of Bitcoin has been phenomenal especially this year (it has been highly volatile as well).Read more: https://www.forbes.com/sites/naeemaslam/2017/08/29/is-it-time-to-own-gold-or-bitcoin/#6913cd517f5dHeightened Geopolitics Moving Gold & Bitcoin
Investors have panicked after the North Korean missiles have flown over Japan and the president of Japan has called the action reckless. The Asian markets have felt the pain of this event (the Nikkei and HSI indices dropped -0.45% and -0.35% respectively) and the situation is equally intense for the European and U.S. markets. I would expect this pain to become more stark as the counter-reaction from the US would make investors only more nervous. Statements such as "all options are on the table" are the most worrying.
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Spread some money to gold and some to crypto. Diversification has always paid off in historical terms.
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Well if the bombs start flying I think I will invest in a dam shelter!
Thanks for sharing.
yes i own a small amount of both gold and bitcoin and my major crypto is now steem - it is great building security through diversity in savings.
both!
Why not both? I think BTC will outperform gold but both will be safe havens if the bombs start flying en masse.
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Partly for gold and bitcoin. Great post
Bitcoin is making record gains over the past year. Meanwhile, the conditions don't hold to be a long term bull for gold. The Stock Market is in full bull mode due to Donald Trump. Even if we see minor gains they will be limited by improving economic conditions meaning money will flow as the environment is risk on. The risk off environment created by geopolitical headline is nearly 99% short-lived and those who are speculating based on these factors often will see their accounts fall lower due to losses. Wait for Gold. There needs to be a significant downturn in the Global Financial Markets due to the US needed to spur a gold bull run. Hold existing BitCoin, buy new Bitcoin if you haven't before now. Take the longer view. Buy and Hold, don't speculate, its a proven fallacy.
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