You know from my piece today, “Got Gold? Set It and Forget It Is Hard,” that you want gold to go down in your portfolio because when it does, it’s more likely everything else is increasing in value. Lately, that hasn’t been the case, as gold has soared to new highs, and markets have been hit with volatility. Your Survival Guy has been keeping an eye on bitcoin and gold, and their relationship. Many speculators in bitcoin have likened the cryptocurrency to “digital gold,” so watching the performance of the two assets through market volatility will be instructive. Take a look at my chart on bitcoin and gold below.
Read more about bitcoin and gold here:
- Boom or Bust: “What Do You Think of Bitcoin?
- Boom or Bust: “What Do You Think of Bitcoin?: Part 2
- Gold Production Slow and Steady
- DIGITAL GOLD? Bitcoin-Stock Correlation Heightens, Frightening Investors
- Dreaming of Bitcoin in Your Stocking this Christmas Season?
Action Line: Stay with me on gold and bitcoin. Click here to subscribe to my free monthly Survive & Thrive letter.
