Not exact matches
And despite America's spending habits, the greenback is still seen as a safe
haven whenever financial crises —
including ones caused by Americans — hit because most major countries want to maintain the value of their national reserves, which
include dollar - denominated
assets.
But when inflation is strong, as it is now, it can push the Treasury yield into subzero territory, prompting many investors to move into other so - called safe
haven assets,
including gold.
With the U.S. ramping up military action overseas,
including its dropping of a devastating bomb in Afghanistan on Thursday, many investors are lightening their risk
assets in favor of «safe
haven» instruments such as gold and Treasuries.
We expect a number of «safe
haven»
assets to be boosted by the UK referendum result in the short term,
including the Swiss franc, the US dollar, Japanese yen, gold and core government bonds.
Several analysts,
including Joe Lee, founder of leveraged bitcoin trading platform Magnr, emphasized bitcoin's role as a safe -
haven asset to explain the significant volatility the cryptocurrency experienced before and after the Brexit referendum.
Goldman Sachs analysts
including Jeffrey Currie and Michael Hinds have compared Bitcoin to gold, and the relevance of Bitcoin as a safe
haven asset in the global economy.