(Kitco News) – Investors are throwing out lower-yielding assets like gold to buy higher-volatility securities such as Tesla shares and bitcoins, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway still he does not sell his gold.
“The only thing I would say to investors who are interested in gold is to stick to it. It’s a classic repetition for me, it had a great move up, it saw a sell-off,” Soloway said. “Shorter-term investors say why I̵
Soloway’s comments come as the non-agricultural payroll report on Friday showed a loss of 140,000 jobs in December, the most since the pandemic began.
Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. There is no request to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article does not accept responsibility for losses and / or damages resulting from the use of this publication.