As the BRICS bloc looked to continue buying the metal, the United Arab Emirates (UAE) has become the second-largest gold hub in the world. Indeed, the country is looking to advance its position and eventually be the top “alternative” to traditional gold trade centers, according to a new report. Throughout 2024, the BRICS bloc has…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
UBS signals a prime buying range for gold on price dips, projecting steady growth and recommending a 5% allocation in balanced portfolios. UBS Sounds Alarm: What Keeps Gold’s Value Steady Under New US Leadership? Global investment bank UBS published a report Monday highlighting the enduring value of gold as a hedge, despite a recent pivot…
Jan Nieuwenhuijs, an expert in gold markets, believes he has found evidence that Europe is preparing to adopt a new standard. He states that the recent movements of several Eastern European countries—purchasing or selling gold to reach a determined ratio—are part of the actions leading up to this development. Analyst: Countries in Europe Equilibrating Gold…
November 10, 2024 at 04:55 AM GST updated: November 10, 2024 at 03:33 AM 2 mins read News Robert Kiyosaki owns 73 BTC and plans to reach 100 by the end of the year Kiyosaki reveals that he purchased his first Bitcoin at $6,000 and continues to buy it at $76,000. Kiyosaki stresses owning assets…
On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the country’s 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities…
The spot Bitcoin ETFs have had a particularly strong year and BlackRock’s IBIT has been at the forefront for most of the inflows. This week was particularly positive for the largest BTC ETF as it broke its own record on November 7 – the day after the US election results came out – and attracted…
Gold prices dipped after the US dollar surged in value following a Trump victory on Wednesday. The US dollar and gold prices are similar to a see-saw in the economy as one rises when the other falls. Now that the US dollar hit 104.94 in the DXY index, gold prices dipped nearly 40 points and…
The ever-volatile cryptocurrency industry benefited from Donald Trump’s growing chances to win the US presidential elections with massive rallies by most assets. Bitcoin finally broke its March all-time high of $73,737 and soared past $75,000 to chart a new peak. Its market capitalization exploded in tandem to a high of its own at $1.5 trillion…
UBS forecasts silver will outperform as it gains from economic growth and industrial demand, positioning it as a dual hedge and growth asset for investors. Why UBS Sees Silver Poised for a Breakout Amid Economic Shifts Global investment bank UBS published a note on Monday, outlining the distinct roles of gold and silver in hedging…
The financial markets are watching Gold, Bitcoin, and US dollar movements closely before the November 5 presidential election. October’s employment report showed only 12,000 new jobs instead of the expected 106,000, and the unemployment rate stayed at 4.1%. These mixed signals have caused sharp price movements across key assets. Also Read: 750 Convenience Stores in…
November 4, 2024 at 04:55 AM GST updated: November 4, 2024 at 04:25 AM 2 mins read News Robert Kiyosaki warns a U.S. banking crash has started, citing an Oklahoma bank closure. Kiyosaki flags bonds and commercial real estate as highly vulnerable to downturns. Kiyosaki advises investing in gold, silver, and Bitcoin amid banking fears…
The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank…
Este artículo también está disponible en español. An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang…
Bitcoin’s path to reaching $200,000 doesn’t require a collapse of the US dollar. Instead, Bitwise Chief Investment Officer Matt Hougan believes there are two key drivers that will support BTC’s upward potential, offering a compelling perspective on its future as an institutional asset. Institutional Maturity Responding to a query about the US dollar’s impact on…
Economist and gold advocate Peter Schiff declares gold’s explosive rise is only the beginning, forecasting a historic rally fueled by looming inflation and economic turmoil. Peter Schiff: Gold Bull Market Hits Record High — But This Is Just the Beginning Economist and gold advocate Peter Schiff underscored gold’s impressive 2024 gains, reaching a record high…
With bitcoin prices on the rise Tuesday, gold has achieved a historic peak, reaching $2,783 per ounce. Gold’s Historic High Turns Heads This week, both crypto and precious metals markets are showing strong gains. Bitcoin (BTC) inches closer to its record high of $73.7K, last seen on Mar. 14, 2024, while gold has already surpassed…
October 28, 2024 at 03:10 PM GST updated: October 28, 2024 at 01:23 PM 2 mins read News Tether reveals $100B in reserves, 82K Bitcoin, and 48 tons of gold to boost investor confidence. Ardoino refutes WSJ report of federal investigation, stressing transparency in Tether’s asset backing. Crypto community views Tether’s gold-backed reserves as added…
At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies Tether’s Asset Reserves Following Forum Presentation This week, tether’s market cap soared past $120 billion, making it about…
Zimbabwe had recently launched a new currency named ZIG which was backed by gold. The gold-backed ZIG local currency was launched in April this year to reduce the circulation of the US dollar in Zimbabwe. The government took a risk and floated the currency across all sectors for transactions in the country. Also Read: Russia’s…
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its role as a critical hedge against market volatility…
Jan Nieuwenhuijs, a seasoned gold market analyst, has observed a change in gold purchasing flows, stating that while the East previously drove prices up, Western investors are now in charge of pushing the gold market to new heights. However, a ‘perfect storm’ for gold prices might ensue if the East starts buying again. Western Investors…
Gold is among the top-performing assets in the commodity markets, printing new all-time highs every month in 2024. The precious metal has soared close to 32% year-to-date and is still attracting bullish sentiments in the indices. The XAU/USD chart, which tracks the performance of gold, shows the metal hovering around the $2,726 price range. It…
Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints a different picture, especially regarding voluntary compliance. The gold confiscations of 1933 highlight why self-custody of bitcoin, rather…
2024 has been quite a compelling year for major financial developments. With gold and Bitcoin rallying alongside major stock indices, it’s been a mix of all financial domains, with investors vying to control all possible realms. That being said, another breakout asset is now entering the financial realm, posting gains unlike anything the market has…
Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he’s sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation. What’s Driving Paul Tudor Jones’ Latest Push for Bitcoin, Gold and Commodities? Jones is optimistic about both gold and bitcoin,…
Billionaire Paul Tudor Jones is bullis on gold and Bitcoin. The hedge fund manager told CNBC in an interview that commodities are under-owned. Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote….
Gold and S&P500 have outpaced Bitcoin in record highs, however, market insiders observe key factors that are lining up to push BTC beyond its peak. The massive Bitcoin liquidation by the German government and the MT Got repayment announcement in the summer are reported to be the headwinds impeding the growth of the BTC price. …
Bitcoin is nearing the $69,000 price range and is only 6% away from breaching its all-time high of $73,737. Conversely, gold crossed the $2,700 mark on Sunday and is trading at $2,727 in the indices. If the precious metal holds positive momentum, its price could climb above the $2,800 mark. Bank of America wrote in…
Gold topped $2,700 an ounce for the first time, extending its already record-breaking year, as investors look at XAU as a haven investment. In a recent note, Bank of America warned that gold is the final safe haven in the United States amid risks related to rising national debt. Indeed, they argued that the metal…
Economist and gold advocate Peter Schiff predicts the “mother of all gold bull markets” as gold prices surge to a record $2,720 per ounce. He attributes the rally to inflation fueled by central banks, warning that fiat currencies are losing value. Schiff suggests this is only the start and encourages investors to act before prices…
Bitcoin has been a better-performing asset than traditional investments during periods of increased liquidity. That poses the question of how the cryptocurrency will behave in the further course of monetary policy relaxation. As reported by Ecoinometrics, Bitcoin grew by 150% CAGR during the 2020 liquidity boom. That is much higher than NASDAQ and gold. As…
October 18, 2024 at 05:30 PM GST updated: October 18, 2024 at 03:23 PM 2 mins read News Gold’s price has surged past $2,600 in 2024, signaling strong bullish momentum that could benefit Bitcoin’s growth. Historical patterns show that gold often mirrors Bitcoin’s potential, suggesting a promising future for cryptocurrencies. The similarities between gold’s current…
In a recent note, Bank of America warned that gold is the final safe haven in the United States amid risks related to rising national debt. Indeed, they argued that the metal has become more attractive than US Treasury bonds due to the risks of an impending debt crisis. The bank noted that the US…
Tennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals have 90 days to file claims, with promises of refunds for all deposited funds or…
Fund issuer Stacked has launched an STKD Bitcoin and Gold ETF, an innovative product that merges two of the most significant players in global finance. The STKD Bitcoin & Gold ETF represents an important innovation for investors seeking a solid, well-balanced diversification strategy and a diverse portfolio. After five years of spirited resistance by the…
Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD…
Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin…
Gold fever is no longer limited to China and India, as Americans are buying the precious metal at the supermarket Costco. The accumulation spree was so massive that stocks of gold bars at Costco shelves remain sold out at the moment. Retail investors and regular shoppers are adding the precious metal to their carts as…
Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty. Costco’s Gold Bars Are Selling…
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it…
Heather Morgan, known by her rap persona “Razzlekhan,” could land an 18-month prison sentence after pleading guilty to laundering cryptocurrency linked to the 2016 Bitfinex hack. Prosecutors described her role as pivotal in obscuring stolen bitcoin through complex schemes, despite not being part of the original theft. Her cooperation, and the influence of her husband,…
Este artículo también está disponible en español. According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000…
Investments are an integral part of the existing financial regime. It’s crucial for investors to seek profitable trades and claim additional investment rewards on those trades as part of the bigger financial picture. Over the years, the financial dynamics have undergone a serious change. All this while, US dollar-centric investments played a heavy role in…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Gold prices are hitting the top of the charts every month in 2024, printing new all-time highs. The XAU/USD index, which tracks the performance of gold, shows the precious metal trading at the $2,640 mark. It is close to its ATH of $2,685 and is gearing up to climb above the $2,700 mark. The bullish…
Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential…
Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto will step in as old money fails. Jim Rickards: Treasury Should Buy Gold to Avoid…
Gold prices are soaring at a rapid pace. The precious yellow metal has touched a new price high of $2640 and continues to leverage the current market momentum to scale new highs. As the metal inches towards a new high of $3000, the rising gold prices signal doom for the US dollar. Here’s how. Also…
October 7, 2024 at 01:30 PM GST updated: October 7, 2024 at 01:12 PM 2 mins read News Bitcoin tops YTD returns in Q4 2024, maintaining a 49.2% lead despite earlier Q3 market slowdowns. Volatility and commodities, including silver and gold, show strong growth, with silver posting 30.6% YTD returns. Q3 2024 saw weakness in…