Rich Investors Ditch the Dollar for Gold and Crypto in a Wild Economic Shift

UBS Clients Go All-In on Alternative Assets

Hold onto your hats, folks! UBS, the global asset management giant, just dropped a bombshell: their high rollers are dumping the dollar and anything tied to it faster than you can say "crypto boom." These wealthy investors are diving headfirst into alternative assets like gold and cryptocurrencies, looking for safer havens in these crazy economic times.

Wealthy Investors Eyeing China

Get this—according to Cailian News, Amy Lo, the co-head of UBS Group's Asian Wealth Management, spilled the beans that rich folks are going wild for alternative and Chinese assets like never before. It's a total game-changer!

Lo laid it out plain and simple: gold and crypto are the new darlings, especially with Trump's trade tariffs causing economic chaos. She told Yvonne Man at the Bloomberg New Voices event in Hong Kong on May 13, "Gold is very popular now." No kidding!

Safe-Haven Assets on the Rise

UBS investors are bailing on the U.S. dollar, bonds, treasuries—you name it. They're on the hunt for alternative "safe-haven" assets that won't get caught in the crossfire of trade wars. It's all about dodging the economic uncertainty and finding stability.

Lo revealed that these investors are shaking up their portfolios, moving away from what she called a "quite US-centric" lineup. They're even diving into the Chinese yuan and other yuan-backed assets to escape the dollar's grip. Talk about a bold move!

Yuan Outshines the Dollar

And here's the kicker: recent data shows the Chinese yuan is absolutely crushing the U.S. dollar in early to mid-May 2025. On May 6, the yuan hit a six-month high of 7.2169 per dollar, and by May 13, it was even stronger at about 7.201 per dollar. Meanwhile, the U.S. Dollar Index took a hit, dropping from a peak near 101.79 to around 100.63 by May 14—a 0.37% dive in just one day!

Bitcoin and Gold Soar

But wait, there's more! Bitcoin (BTC) just smashed through the $105,000 barrier after the U.S. and China agreed to hit pause on their high trade tariffs for 90 days. That's a massive relief for crypto fans. And don't even get me started on gold—it hit a mind-blowing all-time high of $3,390 last April amidst all the geopolitical drama.

This is the real deal, folks. The rich are rewriting the investment rulebook, and it's a wild ride. Buckle up!