GOLD - Peter Schiff Warns Against Piling 'Risk Assets' Like Tech Stocks And Bitcoin Amid Inflation Concerns: 'Investors Should Be Buying Gold' | Benzinga
Renowned economist Peter Schiff expressed his views on the current market dynamics and vouched for buying gold over Bitcoin (CRYPTO: BTC) and tech stocks.
What Happened: On Monday, Schiff took to X, formerly Twitter, and pointed out that investors are selling gold and moving toward risk assets like tech stocks and Bitcoin, despite the looming threat of inflation.
“Gold is down over $50 this morning as investors pile back into risk assets like tech #stocks and #Bitcoin. But the real risk is #inflation, so investors should be buying gold, not selling it. The miners will be even better buys as share prices always over-reacted to a gold drop,” he wrote.
#Gold is down over $50 this morning as investors pile back into risk assets like tech #stocks and #Bitcoin. But the real risk is #inflation, so investors should be buying gold, not selling it. The miners will be even better ...