Gold stands apart from crypto currencies
Gold and crypto currencies, WGC report Recently World Gold Council (WGC) published the report, Gold and crypto currencies: How gold’s role in a portfolio differs from cryptos. The recent rapid ascent of crypto currencies over the past year has captured the attention of investors. Often, investments in cryptos are equated to investments in gold. Despite some apparent similarities, we believe that gold stands apart from crypto currencies, both fundamentally and practically. Our analysis demonstrates that gold, 1: is a tangible asset with a unique dual nature as an investment and consumer good, 2: is highly liquid and less volatile, 3: is a proven long-term strategic investment & 4: may mitigate the risks that cryptos could bring to portfolios. The report also highlights, gold’s role in a portfolio differs from cryptos. That said, 1: Gold and cryptos are fundamentally different, 2: The advent of blockchain and crypto currencies has catalysed innovation in the financia...