Subject: Re: War, currencies and jurisdictions
Assuming this is indeed a paradigm shift, have you seen any evidence of what the collective world may currently be viewing as the new "safe haven" in times of crisis as evidenced by foreign currency or foreign stock market moves?
Gold has definitely been the fashionable choice so far this year (a main driver of that being central banks shifting allocations from USD to gold) and the Swiss franc is always a popular choice.
But oddly it seems that the Canadian dollar was the major that rose the most yesterday. I can't come up with a plausible narrative for that. Nobody in a big middle east shooting war would pick Canada as a prime target?
Jim