Manic Monday

Yesterday US markets had their biggest one day drop of 2019.

Gold, the asset typically associated with being a safe haven asset rose just short of 1.5%.

Some people are calling Bitcoin the new safe haven asset, yesterday among all the market turmoil managed double digit gains as you can see in the chart below.

Bitcoin has been the best performing asset of 2019, up over 200% YTD.

Yesterday the trade war ratcheted up a gear.

The devaluation of the Chinese Yuan & apparently China asking state owned companies to stop importing U.S. agricultural products.

In the current climate some exposure to digital gold seems like a sensible place to be.


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