Crypto vs Gold Etf HELP PLS
Crypto vs Gold Etf HELP PLS
i recently got into gold etfs and have noticed a bug drop when crypto seen a rise. Do they have a fundamental inverse effect on eachother or am i reading it wrong? If so, is it because gold is still seen as a currency rather than a natural resource?
I figured tech in general would follow gold trends seeing how all the chips use gold in them.
Pls help!
Gold is supposed to be a risk-off asset while crypto is risk-on. So they SHOULD inverse but doesn’t mean they they always will
IMO, best thing to do is buy index funds (unless you want to have a full time job stock picking, or just good at that), and build a portfolio weighted with stocks and crypto. Gold is good to keep up with inflation but it seems SPY or SPX perform better because they also keep up with inflation but then have exposure to the economy as a whole