Comment by AnimalMuppet
1 day ago
"Safe haven" and "lost 10% in one day (that it gained the previous week)" are not contradictory. "Safe haven" is "will retain value even if the dollar becomes worthless".
1 day ago
"Safe haven" and "lost 10% in one day (that it gained the previous week)" are not contradictory. "Safe haven" is "will retain value even if the dollar becomes worthless".
yes I can agree but I also assumed that it wouldn't be volatile and (could be?) used in place of a currency.
Well technically speaking gold rose so much in terms of $ for so long so technically if we were on gold standard, the value of $ would've lost too (and become volatile too)
So I get that part I guess but still I do feel like swiss francs are a more safe haven while not being volatile but looks like switzerland really doesn't want its currency to de-inflate.
It's an interesting thing for sure to find out I guess. I mean long term, gold is definitely hedge against inflation but so do other investment options for the most part.