[POLL] Safe Haven 🤔

Which is your ‘safe haven’ during a financial bear market? :chart:
  • Gold
  • Bitcoin
  • Bonds
  • Cash
  • Tech Stocks

0 voters

Hello Pynksters :wave: Comment below if you have a better one!

8 Likes

If governments delay the COVID vaccine, only BTC will remain in the black

2 Likes

Can be the one and only… Gold.

Ultimately, I’m always drawn back to the famous quote from J.P. Morgan…

In his testimony before Congress in 1912, he stated “Gold is money. Everything else is credit.”

It was a 3 hour testimony, of which you can read the entire transcript, but there are some bits which resonated more than others… One such element reads as such:

Mr Untermyer:
I want to ask you a few questions bearing on the subject that you have touched upon this morning, as to the control of money. The control of credit involves a control of money, does it not?

Mr Morgan:
A control of credit? No.

Mr Untermyer:
But the basis of banking is credit, is it not?

Mr Morgan:
Not always. That [credit] is an evidence of banking, but it [credit] is not the money itself. Money is gold, and nothing else.

Why, if you voted otherwise, do you believe that any of the other options are true safe havens? Or, if your choice isn’t listed, what do you believe is a safe haven for troubled times?

A reminder… There are no right or wrong answers. Just opinions.

PF

2 Likes
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