Debt-Limit Default Risk Is Higher Than Ever. How Can You Safeguard Your Wealth?
Bitcoin is a more popular safe haven then the US dollar, the yen or the Swiss franc, survey of investors shows
This article is for subscribers only.
The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.
The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations.