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

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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

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