It depends on the asset. Treasury bills are considered a safe haven, but they only hold their value so long as the government retains its ability to meet its obligations. Defensive stocks like food and health products are still stocks.

Precious metals are more likely to retain value than most safe haven investments because you’ll always have the melt value of the metal to fall back on. However, you should evaluate the risks and rewards of each metal.

Platinum and palladium can be great investments, but their value has historically been somewhat volatile. By contrast, gold is steady and stable, but its value grows only over time. You can lose money on gold if you try to sell it too fast.