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Sonakshi Saxena
Apr 8, 2023

Peter Schiff Tweets About Chatgpt, But Does Not Recommend Bitcoin

Peter schiff
The Chatgpt assistant's artificial intelligence was praised by economist Peter Schiff for omitting bitcoin from a suggested "recession-proof" portfolio. The chatbot has recommended "massive allocations" in precious metals, according to the longtime gold advocate.

 Schiff cites a study alleging that Egypt favours gold and cash in a recession

Thorough crypto rival Peter Schiff took to social media to feature a new report uncovering that Openai's Chatgpt has not considered bitcoin as a choice when incited to exhort about a downturn-safe speculation portfolio. A platform that provides information on gold IRA (individual retirement account) investments was carried out in the cited experiment. The artificial intelligence (AI) chatbot was asked to produce example allocations “resistant to boom and bust cycles.”

Gold IRA Guide: 'Truly recession-resistant portfolio' is just what you need

Gold IRA Guide's press release says that Chatgpt suggested diversifying among a variety of commodities and assets that look like cash. A "truly recession-resistant portfolio" was created by incorporating defensive stocks, bonds, cash, and precious metals into the mix.

Physical and paper-backed gold and silver assets, such as mining stocks and gold ETFs, as well as other precious metals. This figure is significantly higher than the number suggested by well-known "gold bug" wealth managers like Peter Schiff and Ray Dalio.

Peter Schiff Tweets About Chatgpt, But Does Not Recommend Bitcoin
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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