The Corona crash and the safe haven fairy tale
It is probably no exaggeration to claim that a large part of the Foolish investors hardly want to look into their portfolio at the moment. On the one hand, the corona virus has caused a global crash on the financial markets, which brings back memories of the financial crisis of 2008/09. On the other hand, even formerly "safe havens" were not spared from the effects in further consequence. For precious metals such as silver and gold, and especially cryptocurrencies, which should shine in uncertain times, have been brutally sold off by investors in recent days.
But what is the reason for this sell-off? The actions of many central banks, such as a reduction in interest rates and purchases of government and corporate bonds, should basically boost silver, gold and cryptocurrencies. This even leads to the question of whether there are actually safe havens in crash times or whether cash is king here.