Bitcoin and Gold – Outlook, Volatility and Safe Haven Diversification
– Recent performance of Bitcoin and Gold– Price outlook– Bitcoin, China and capital flight– Exchanges of value?– Can bitcoin rival gold as a safe haven?– ‘Bitcoin vs Gold’ or ‘bitcoin and gold’?– Importance of diversification– Conclusion: A monetary and financial revolution?
Recent performance of bitcoin and gold
Markets "bought" the election. Now the question is whether they will sell the inauguration. That is the take from the latest weekly letter by Goldman's chief strategist David Kostin, who says that "investor angst is high." Kostin then explains the one-word reason behind such confusion and angst - take a wild guess what it is.
Authored by Pepe Escobar via The Saker,
The Trump era starts now – with geopolitics and geoeconomics set for a series of imminent, unpredictable cliffhangers.
I have argued that Trump’s foreign policy guru Henry Kissinger’s strategy to deal with the formidable Eurasia integration trio – Russia, China and Iran – is a remixed Divide and Rule; seduce Russia away from its strategic partnership with China, while keep harassing the weakest link, Iran.
Hundreds of thousands crowds of women, many wearing bright pink knit hats and carrying Starbucks lattes, swamped into downtown Washington, arriving by bus, train and car on Saturday for a march in opposition to U.S. President Donald Trump one day after the Republican took office.
Global shares were mixed, equity futures, the dollar and crude rose as investors focused their attention on today's inauguration of Donald Trump as U.S. president. While the early tone is well bid, some traders anticipate a volatile session, with speculation that a bout of "sell the inauguration" could cap the aging Trump rally, which started with his inauguration.