Gold (and…ahem…Bitcoin) in safe haven boom!

Australian dollar gold is at new record highs today:

Amusingly, “digital gold”, otherwise know as Bitcoin, is also on the charge:

And its relationship with gold is holding:

This is kind of impressive, in its own way, given the Trump Administration has declared war on it, suggesting it is the precise opposite of a safe haven.

Or maybe it’s just completely bonkers!

I still see more ahead for gold. And, it appears, BTC, though I wouldn’t count on it.

Comments

  1. Chinese love bitcoin as that’s how they can still get money out of China…. notice the spike after devaluation in Asia hours….keep it all in cyberspace and leave it there….