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Next 10 Years Survey: More Would Invest in Gold Than Bitcoin

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EDITOR NOTE: Maybe not all is lost. If you saw the video in which several Americans chose a free Hershey’s bar over a free 10oz silver bar, then you know what we’re talking about. In a recent Bankrate survey, more Americans chose to invest in gold over bitcoin for a 10-year investment. What’s not very promising about this is that the cryptocurrency percentage was not very far from the yellow metal. Additionally, cash came out above gold, The better news is that real estate--a “real” versus “paper” asset--came out on top. Precious metals demand may be relatively high as compared to just a few years back. But still, this survey, and the video on silver, tells us that most Americans still consider gold a relic and silver an industrial metal. The status of the latter is changing quickly, especially leading up to Basel III in 2023, when gold is recognized as a Tier I asset. Silver is already gaining some traction in the mindset of more forward-thinking Americans. Once the mainstream realizes the value of both, you’ll certainly want to have bought more of the metals, at bargain prices, in other words, the prices you see today. 

More Americans are willing to invest in gold compared to Bitcoin over the next ten years (13 percent and 9 percent, respectively), according to a recent survey conducted by New York-based consumer financial services company Bankrate.

Stocks, cash, certificates of deposit (CD) are also more popular than crypto with U.S. investors.

Real estate has topped the list, with 28 percent of respondents saying that they are willing to put their money into it. 

Invest in Gold

The majority of the survey participants (61 percent) are either “not too comfortable” or “not comfortable at all" with crypto.

Unsurprisingly, most millennials, who are aged between 25 and 37 years, have the opposite attitude to crypto. Meanwhile, baby boomers are overwhelmingly bearish: only 16 percent of them are okay with crypto.

Inflation talks falling on deaf ears 

Another notable takeaway from the Bankrate survey is that 58 percent of all the surveyed Americans claim that inflation won’t influence their investment choice.

This, of course, flies in the face of the “inflation hedge” narrative that is being routinely pushed by both gold and Bitcoin supporters.

Only 20 percent of the survey participants are willing to invest more aggressively if inflation spikes. 

Original post from U Today

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All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice.

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