Physical Gold, Paper Gold, Digital Gold: Will Scarcity Finally Rule in a New Safe-Haven Asset Paradigm?

Olegs Jemeljanovs, PhD, CFA
DataDrivenInvestor
Published in
9 min readDec 23, 2023

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Image by ArtRose on Pixabay

An unexpected outbreak of the latest military conflict between Israel and the Palestinians on October 7, 2023 was once again sending investors in search of “safe-haven” assets.

But what are the historical characteristics of a safe-haven asset?

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