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…