Dalio: Gold Beats Bitcoin as Safe Haven

0:00I'm Cory with the story, bringing you the latest from Durham News today. Billionaire investor Ray Dahlio says Gold beats Bitcoin as the top save haven asset. He argues Gold holds a special place in the global financial system that Bitcoin cannot match right now. Bitcoin acts more like a risky investment tied to market ups and downs, not a steady store of value. Over the past month, Bitcoin has swung wildly, dropping to around $63,000 early in February before climbing back toward 74,000 by early March. Meanwhile, Gold has steadily gained outperforming both Bitcoin and the S&P 500. Dahlio recommends putting 5-15% of a portfolio into Gold, especially as financial risks grow worldwide. Investors see it as a proven hedge during tough times, backed by deep trust from big institutions. Central banks keep buying gold in huge amounts, adding over 860 tons last year alone, with more purchases into this year.

1:02Countries like Poland, Kazakhstan, and Brazil led the way. Wall Street banks now predict gold prices could hit $5,400-$6,300 by the end of next year. Signaling strong demand ahead. The Daily News Now is powered by our sponsor, Link in the description. Head in, Sound On, Lights Out, that is the routine, S-O-L-I-SoliPillow.com.