Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $1 billion. Although […]
Category: Gold
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis. Labor Department’s CPI Data Shows […]
Patrick Karim on gold, inflation and the next break out
Last night GoldCore Director Dave Russell had a quick chat with Patrick Karim of northstarbadcharts.com. Patrick walks us through the charts that have him convinced that the gold and silver are “the surest bet” and why “the genie is well and truly out of the bottle”. Much of the focus of the chat was in […]
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As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last
Recent efforts from Zimbabwe’s reserve bank to bolster its local currency signal the return of rampant inflation and the need for Bitcoin.
As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last
Recent efforts from Zimbabwe’s reserve bank to bolster its local currency signal the return of rampant inflation and the need for Bitcoin.
Economist Jim Rickards: ‘Biden Is Now a World Historic Figure — He Has Destroyed the Dollar’
Jim Rickards, economist and best-selling author, has accused the Biden administration of destroying the U.S. dollar as a reserve currency. Rickards stated that Biden is to blame for the upcoming marginalization of the U.S. dollar at the hands of a BRICS bloc common currency to be proposed on August 22. Jim Rickards States Biden ‘Destroyed […]
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their tightening cycles,” and the market consensus indicates “a […]
Five Steps to Protect Your Portfolio from the Coming Economic Storm, with Physical Gold
Watch as GoldCore Director Dave Russell takes us through the Five Steps to Protect Your Portfolio from the Coming Economic Storm, with Physical Gold. (This presentation is a recording from the Virtual Money Conference: Mid-Year Portfolio Review) The world is on the brink of great disorder. Dramatic, negative changes are set to impact portfolios and […]
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U.S. Sanctions Companies Linked to Wagner Group’s African Gold Racket
The U.S. Treasury Department on Tuesday announced sanctions against four companies linked to the infamous Wagner Group and its founder Yevgeny Prigozhin.
The calm before the storm
Gold and silver prices have declined in recent weeks as central banks have once again turned more ‘hawkish’ than was expected at the beginning of the year. But, as with anything, these things don’t happen in a vacuum. As we describe below, monetary policy is causing major trouble across a number of sectors, who can […]
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