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'Gold is not a store of value anymore' — Mike McGlone predicts a 2008-like setup
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Why This Matters
Bloomberg Intelligence strategist Mike McGlone predicts a 2008-like setup due to the oil shock and rising volatility across commodities and crypto, potentially foreshadowing a broader correction in equities. This forecast suggests a bearish outlook for equities and possibly a shift in investor sentiment towards safer assets. McGlone's statement that 'Gold is not a store of value anymore' may indicate a change in traditional safe-haven asset dynamics.
Market Impact
The predicted broader correction in equities could lead to a decline in stock prices, potentially benefiting traditional safe-haven assets, although McGlone's statement casts doubt on gold's role as such. This could lead to increased volatility across markets, with possible capital flows out of equities and into other assets, such as bonds or alternative investments.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Medium Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
According to the Bloomberg Intelligence strategist, the oil shock and rising volatility across commodities and crypto may foreshadow a broader correction in equities.
Original article published by
CoinTelegraph
on March 13, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.