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Bitcoin jewelry

12. 05. 2020.

Obviously, the title is absurd. Bitcoin does have something to do with chains, but it is not used for manufacturing jewelry. That is especially relevant here, because gold is. And demand for gold jewelry typically tanks right when demand for investment gold rises. If you want to hedge against economic uncertainties by investing in gold, know that people have less money for expensive chains and rings in that period — exactly because of the economic uncertainties. And that makes your hedging position less efficient. But to what extent?

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