In a head-to-head competition for the best safe haven asset, gold wins hands down against cryptocurrencies, according to the latest research from the World Gold Council.
Adam Perlaky, researcher with the WGC, said in a report published Tuesday that looking at price action in the fourth quarter of last year there really is no substitute for gold.
Perlaky said in his report“In Q4 2018, as global stock markets experienced their worst quarter since 2009, cryptocurrencies had a prime opportunity to demonstrate qualities associated with safe havens like gold. However, cryptocurrencies, such as bitcoin, behaved like risky assets and fell while gold rallied.”
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.