[2015-06-30] WSJ: With Greek Uncertainty, Investors Seek Safety in Gold and BTC

[aso118]

With Greek Uncertainty, Investors Seek Safety in Gold and Bitcoin

http://www.wsj.com/articles/with-greek-uncertainty-investors-seek-safety-in-gold-and-even-bitcoin-1435705212

As Greece descends into financial crisis, its citizens and investors globally are turning to hedges old and new.

European demand for the age-old safe haven of gold coins has risen in recent weeks, as has the relatively new concept of investments in digital bitcoins, market participants say.

As the situation in Europe grows more precarious, the price of both have risen in recent weeks as concerns have grown about the threat to banks in Greece and the risk that turmoil could spread to other countries in the eurozone and elsewhere.

[Chef Ramsay]

I'm sure it's a bit puzzling to some to see their highly vaunted news/investor paper putting out such positive words as safe when pertaining to bitcoin considering it is and has been known to have friends in low places - drugs, dark web, etc. Things will keep getting interesting.