I’m not a gold bug, it isn’t even an asset class I own.YTD (its march 9th ?)
talk about short term thinking
i think you need to zoom out of your chart a bit more!
everytime you post this gold bug stuff bitcoin goes up 10 %,so keep going ?
But for a long time it has held safe haven status and it still seems to hold that appeal to many investors despite claims that bitcoin would overtake it for that purpose. Bitcoin is, under a real world stress test, not giving portfolio diversification.
That isn’t to say it won’t do well over a longer term or hasn’t some other benefits but I honestly a bit surprised that it hasn’t done better under current conditions.