Investors are more likely to be betting on stocks, bond prices and technology stocks than gold, according to a new study.
The study, commissioned by the U.S. Federal Reserve Bank, found that about three-quarters of investors are betting heavily on stocks and bonds.
The median price target for stocks, which are the most popular way to buy and sell stocks, is $400, according the survey of about 800 U.K. investors by the British Bankers Association.
That’s below the $450 average target of about one-third of investors, but above the $330 average target for gold, at about $2,300.
Investors are also betting on technology stocks, the study said.
The median target is $500 for technology stocks and about half of them are at or above that price.
Gold has gained more than 1,000% since the beginning of the year, while the price of bitcoin has dropped almost 50% since then, the Bank of America Merrill Lynch survey found.
The survey found that investors are buying more equities than bonds in the next three years.
The average investor is buying a $4.5 trillion U.s. equities portfolio, up from about $3.2 trillion a year ago, the survey said.