Tech stocks are eating away at gold’s safe haven status

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

Another surprising result was that even after Bitcoin’s phenomenal six-month run-up in price, only 5% of respondents chose it as their first choice to protect against inflationary pressures. But even as tech stocks grow to rival gold as an inflationary hedge, they continue to lose out to Treasury bonds in the event of a recession. Survey respondents’ views on the two asset classes’ performance in a shrinking economy were near-mirror opposites, with 61% saying they’d look to T-bills during a recession, while 62% said they wouldn’t hold the tech giants. Around 25% of respondents chose a U.S. recession as the top risk to the economy in 2024, the survey showed.

– As the BRICS countries transition away from the dollar, the U.S. will face hyperinflation and enter a depression, making precious metals, Bitcoin, and “hard assets” the only things worth holding, according to famed investor Robert Kiyosaki.Platinum deficit to widen in 2024; supply constraints and steady demand set to propel market

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news: U.S. futures sink before data as tech stocks retreatTechnology stocks dragged down U.S. equity futures on Thursday after a disappointing outlook from Meta Platforms Inc. cranked up the pressure on other tech giants in a high-stakes earnings week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news: tech giants hit in late hours after Meta's outlookBig tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news: Tech rally keeps stocks afloat amid mixed earningsStocks edged higher on Wednesday as a rally in technology shares kept benchmarks afloat after disappointing earnings in the European banking and luxury sectors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news: Tech rally drives up stocks as earnings roll inA renewed rally in some of the world’s largest technology companies propped up the U.S. stock market, with traders weighing another big batch of corporate earnings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »