TECH - Gold To Rally Even Higher On Nvidia Big Tech? Schiff's Firm Says AI 'Has Looped Around To Depend On Our Oldest Kind Of Money' | Benzinga
Gold, traditionally considered a safe-haven asset, has surprisingly rallied alongside riskier investments this year. According to Schiff Gold, a precious metals dealer founded by economist Peter Schiff, the yellow metal still has room to grow, and one reason might surprise you: its increasing use in technology.
The Tech Connection: Schiff Gold argues that precious metals like gold are more connected to technology than most people realize. Many tech products rely on gold as a key component due to its conductive properties.
For example, Nvidia, a leading graphics processing unit (GPU) manufacturer, uses in its products “conflict-free” gold as well as tantalum, tungsten, and tin from the Democratic Republic of Congo and “adjoining countries that do not finance or benefit armed groups in the region.”
Why Gold? While other metals like copper are generally cheaper, gold’s unique chemical properties and natural durability make it a desirable choice for certain applications. Despite the higher cost, some companies use gold in chips, internal wiring, and ...