Business
Are gold and bitcoin both ‘safe havens’?

Gold has always been an asset class that investors have flocked to in times of turmoil. Despite its ‘unproductive’ nature (gold is just a shiny metal at the end of the day), investors throughout history have always been attracted to gold as an investment.
It is widely believed to be a good hedge against inflation for one. Investors enjoy gold’s scarcity and its past as a monetary base (the gold standard) for another, as well as the fact it has a globally consistent intrinsic value.
But in recent years, gold has had a growing rival: bitcoin. On the surface, you might not think that a metal and a digital cryptocurrency have too much in common. Indeed, bitcoin was dismissed by many (including investing legends like Warren…
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