28 days ago • Posted by William Ramstein
Complacency or are funds just going elsewhere, eg: crypto?
This graph shows you that at the onset of covid folks bought gold as a haven asset mainly out of fear of the March 2020 crash. This turned out to be a terrible investment both because tech stocks blew up and because bitcoin ramped up in price thus offering a much better return and an alternative to gold as haven. With bitcoin in, maybe Gold is just out instead of not being popular as a haven.
Source: The market ear