12 / 17 Relevant items tagged with #gold
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Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025
[Jan 31, 2024 5:00 PM] Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains…
Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady
[Jan 31, 2024 2:30 PM] On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the…
UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot
[Jan 24, 2024 12:30 AM] UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the…
US Stocks, Bitcoin, and Gold Drop as Fed Plays Coy on Rates — Investors in Limbo
Why Are Bitcoin ETFs Such a Big Deal? Gold Provides a $100 Billion Answer
[Jan 10, 2024 3:44 PM] Over $100 billion is now stashed in gold ETFs that trade in the U.S., the world's largest capital market. Will bitcoin ETFs grow to this size?
Gold Rush Continues – Central Banks Purchased 44 Tonnes in November
[Jan 8, 2024 3:30 PM] Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of…
South Korean Tokenization Startup Chooses Klaytn Over Ethereum for Gold NFTs
[Jan 5, 2024 5:00 AM] The Klaytn Foundation, an organization devoted to expanding the Klaytn ecosystem, announced that Creder, one of its governance council members, will launch a tokenized gold offering called Gold Pegged Coin (GPC) in January. Creder will also launch…
Black Swan Looms in 2024, Expert Warns of Unprecedented Economic Upheaval and US Election Disruption
World Gold Council Anticipates Flat Performance In ‘Soft Landing’ Scenario
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
[Dec 9, 2023 4:30 PM] Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively…
Bitcoin Has Been In A Class Of Its Own For The Last 10 Years, Top Expert Says
[Dec 8, 2023 12:00 PM] Bitcoin has encountered a critical resistance level going into the weekend and could move sideways following a massive rally. According to an expert, the cryptocurrency has been breaching every major obstacle, making it one of the best-performing…
Bitcoin: The Gold Standard For A Digital Age
[Dec 6, 2023 9:30 AM] The nature of money is tragically one of the most unexamined and vital questions in modern society. Over the course of history, different monetary systems have risen and fallen as technology progressed and new forms of money emerged that were…
Gold Bug Peter Schiff Predicts Bitcoin’s Swan Song, Heralds ‘Spectacular Collapse’
[Dec 6, 2023 2:30 AM] Europac’s chief economist and known gold proponent Peter Schiff compared the gold and bitcoin rallies, explaining that the latest gold price pullback allowed bitcoin prices to pump. Nonetheless, Schiff believes that bitcoin will collapse…
Breakout or $40K bull trap? 5 things to know in Bitcoin this week
[Dec 4, 2023 3:29 AM] Bitcoin surges past the key $40,000 amid a macro liquidity boost, but traders' predictions include a BTC price crash of 25% or more.
Gold Nears Record High Amid Global Uncertainty, Surges to $2,071 an Ounce
[Dec 3, 2023 10:30 AM] The price of an ounce of pure gold has approached its highest historical level this weekend, reaching $2,071 per ounce. This peak nearly matches its record three years ago on August 7, 2020, when during the Covid-19 pandemic, spot gold prices…
‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off
[Nov 28, 2023 9:06 AM] Bitcoin retail investors may end up with a hot potato if the spot ETF go-ahead plays out like gold 20 years ago, analysis considers.
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
[Nov 28, 2023 2:30 AM] Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the…
Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’
[Nov 27, 2023 3:49 AM] The average person who tries to save money is a “loser,” said Kiyosaki while recommending investments in Bitcoin and precious metals.
Dutch Central Bank Director Props Up Gold for Financial Collapse Scenario
[Nov 19, 2023 10:30 PM] Aerdt Houben, Director of Financial Markets for the Dutch Central Bank (DNB), has talked about the value gold could have in a financial collapse scenario. As the bank has been recently increasing its gold holdings, Houben stated that due to its…
Adrian Day Warns of ‘Inevitable’ US Recession, Describes it as a ‘Freight Train Heading Towards Us’
[Nov 14, 2023 5:00 PM] In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the…
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
[Nov 14, 2023 10:30 AM] On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before…
Bitcoin Soars to Become 11th Largest Global Asset, Nearing Berkshire Hathaway’s Valuation
[Nov 10, 2023 9:30 AM] The value of bitcoin (BTC) climbed over 38% against the U.S. dollar in the past six months, registering a 125% increase year-to-date. Riding high at a peak not seen in 18 months, bitcoin’s market capitalization has ascended to become the…
NASA’s Psyche Mission Could Challenge Gold’s Scarcity With $10 Quintillion Asteroid Haul
[Nov 6, 2023 2:30 PM] Statistical forecasts suggest that the final bitcoin is expected to be mined by the year 2140, over a century from now, with an estimated 1,465,093.73 BTC still awaiting discovery. This finite supply is set to render bitcoin exceedingly rare…
Cathie Wood Likes Bitcoin as Both Deflationary and Inflationary Hedge
[Nov 6, 2023 11:07 AM] that there is no counterparty risk in bitcoin when it is decentralized and everything is visible on the network.
Financial Giant Fidelity’s Director Sees Bitcoin as ‘Exponential Gold’
Central Bank Gold Demand Swells in Q3 Amid Global Unrest
[Nov 4, 2023 12:30 PM] Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council suggest that…
HSBC Launches Tokenization Platform for Gold Markets
[Nov 3, 2023 10:30 PM] HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions, stated…
From Gold To Bitcoin: The Evolution Of Retirement Assets And The Rise Of Bitcoin IRA
[Nov 3, 2023 10:30 AM] Gold has played a vital role in economics and politics, influencing much of human financial activity through shifts in economic systems. It has proven versatile and stable across upheavals and social changes. It even became a vital tool in global…
Bitcoin Round-Trips Its Way Back Under $35K as Fidelity's Timmer Calls It 'Exponential Gold'
[Nov 2, 2023 10:07 AM] The world's largest crypto remains higher over the past 24 hours, but has slumped nearly 4% from its overnight high.