Gold, Silver And Bitcoin: Why They’ve Been Falling In Price

source: goldsurvivalguide

After the recent sell-off in the stock market, it didn’t take long for bitcoin to follow, leading to many financial writers and pundits to declare bitcoin to not be a safe haven, as a number of supporters have asserted over the last year or so.

While that narrative lasted for a couple of days, it didn’t answer the question of why proven safe haven gold, and to a lesser degree, silver, have started to plummet in price with almost all other asset classes.

In this article we’ll look at why gold and silver aren’t in danger of falling off the safe-haven wagon, and why it’s far too premature to write off bitcoin as well.

Gold, silver and bitcoin

In the last part of the week that started on February 23, both gold, silver and bitcoin were losing value in tandem, as were most gold and silver producers. As mentioned above, the case against bitcoin being a safe haven would be more convincing if gold and silver had increased in price while it was falling in price, but…