Jump to content
Sign in to follow this  

Is this the end of gold as a safe haven?

Recommended Posts

Traditionally investors have flocked to gold in times of unrest and uncertainty. Given the turmoil in the U.S., the middle and far East, one would normally expect to see the price of gold starting to climb.

This isn't happening though. Gold hasn't gone anywhere, and investors seem to flocking to bitcoin and other cryptocurrencies instead.

What say others? Has gold lost it's appeal? Are cryptos the "new gold"?

Share this post

Link to post
Share on other sites

There are some REMs and metals that are a little more necessary to our way of life than gold now.  Some of these are in short supply underground now.  I believe you will see a "rush" for these elements eventually even if cyber currencies take the attention for awhile.

I've never seen a solid enough explanation of exactly how cyber currency is derived and maintained to feel secure with it. At all. Maybe I just missed something.   

There are a few tangibles that I think will take precedence over cyber eventually, though. 

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.