{"id":418376,"date":"2020-03-16T19:00:05","date_gmt":"2020-03-16T19:00:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=418376"},"modified":"2020-03-16T17:36:07","modified_gmt":"2020-03-16T17:36:07","slug":"no-haven-safe-silver-gold-and-other-precious-metals-nosedive-alongside-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/no-haven-safe-silver-gold-and-other-precious-metals-nosedive-alongside-bitcoin\/","title":{"rendered":"No Haven Safe: Silver, Gold and Other Precious Metals Nosedive Alongside Bitcoin"},"content":{"rendered":"

Amidst an economic crisis, precious metals like gold and silver often act as a safe haven for capital, while other assets fall in value.<\/span><\/p>\n

However, growing concerns over the coronavirus and a possible recession in the near future have created such hysteria and panic, that not even silver, gold, platinum, palladium and other precious metals are proving to be a safe haven for investors during a time of crisis.<\/span><\/p>\n

Safe Haven Assets Aren’t Safe From Spreading Fear and Panic<\/h2>\n

Certain attributes shared between Bitcoin and precious metals<\/a> caused a safe haven narrative to take off around Bitcoin in early 2019, as the asset began to rise in value alongside gold \u2013 the undisputed king of safe-haven assets.<\/span><\/p>\n

But as the coronavirus turned from new discovery to a global pandemic, Bitcoin has been collapsing, putting an end to the safe haven narrativ<\/a>e.<\/span><\/p>\n

Related Reading | Silver, Gold and Bitcoin: Even Safe Haven Assets Cannot Withstand The Coronavirus<\/a><\/strong><\/em><\/p>\n

And while a potential recession on the horizon and investors fleeing the stock market in droves typically translates to an increase in value in gold, silver, platinum, and palladium, the recent fears have caused these assets to nosedive in value as well.<\/span><\/p>\n

It seems no safe-haven asset is safe from the widespread impact of the coronavirus<\/a>.<\/span><\/p>\n

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Precious metals are the new Bitcoin pic.twitter.com\/KUOilIGP3H<\/a><\/p>\n

— RJ (@RJ_Killmex) March 16, 2020<\/a><\/p><\/blockquote>\n