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World Gold Council issues warning on bitcoin as safe haven

From sharpspixley.com

In what might seem as an unnecessary warning to anyone who has followed the progress of the bitcoin price over the past year, the World Gold Council (WGC) has put out a commentary rubbishing bitcoin as a potential investment safe haven with the advice that gold is a far better option. This does echo our own views which have often been expressed here. Take the 2018 full calendar year as an example. True the gold price fell about 4% over the period, but equities fell by more, even though they did outperform gold for part of the year, as we pointed out strrongly in an article published here a few weeks ago:. The equties ... (full story)

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  • Category: Fundamental Analysis