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"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
by AnimalMuppet 9mo 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".
- Imustaskforhelp 9mo agoyes 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.