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RE: 3 Traditional Gold Price Drivers & How Crypto Disrupts Them

in #steemsilvergold7 years ago

Cheers. Diversification is key but also beyond that there are correlations and natural hedges of one investment against another. If you asked me 6 months ago I would have said Gold and Crypto were correlated but now I think Gold has become a hedge for Crypto because of the way sentiments have changed.

As for being in cash, I have a bit of that too. Syria has been a mess for some time but it seems to be near a resolution now. The US has blown it in the Middle East I reckon but that's a whole other post.

You are probably right about North Korea. They are a very useful bogeyman in Asia to justify US presence. Still, the market seems to respond to the sabre rattling so it was the best current example I could use for Safe Haven buying that would be fresh in peoples minds.

Hope you have a good 2018. Looking forward to seeing what's in store for us Gold and Crypto bugs ;)

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