As bitcoin climbed beyond its previous 2021 peak, the value of an ounce of pure gold similarly hit a lifetime high on March 5. The globally acknowledged safe haven asset soared to $2,140 per ounce on Tuesday, marking a 4.97% increase against the U.S. d…
Category: Gold
Will Bitcoin Transform into Just Another Stock Amidst Institutional Surge and ETF Integration?
An analysis of the inverting correlation between Bitcoin and other financial markets, and the implications this could have for the Bitcoin market.
Peter Schiff Predicts Bitcoin ETF Bubble — Expects BTC to Crash When Gold Breaks Out
Gold advocate and vocal bitcoin critic Peter Schiff has warned of a bubble in bitcoin exchange-traded funds (ETFs) that will burst when gold rallies. Schiff argues that gold will “inevitably” break out, and the price of bitcoin will crash a…
Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald Trump
Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would hav…
Legendary Investor Stanley Druckenmiller Dumps Big Tech, Bets on AI and Gold
Stanley Druckenmiller, the legendary investor who was part of George Soros’ Quantum Fund, has dumped traditional tech stocks while putting funds into gold mining companies and artificial intelligence (AI) shares. According to filings, he sold Ama…
Gary Savage’s Bold Call for $10,000 Gold
Last week we spoke to Gary Savage of Smart Money Tracker where he discussed the current state of the market and provides insights into potential future movements. He discusses various topics, including stock market trends, four-year cycle lows, precious metals like gold and silver, and the oil market. Gary predicts significant moves in commodities, such […]
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Gold: A Sustainable Investment
In 2023 gold demand was the highest on record at 4,899t. The increased desire to own gold should not be a surprise, after all gold has been shown to act as a portfolio preserver in times of economic, geopolitical and financial distress. And we are certainly in those times right now. But we also find […]
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Latam Insights: El Salvador Reinforces Its Bitcoin Allegiance, Milei Drops Crypto From Omnibus Bill
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador to deepen its Bitcoin commitment if President Bukele gets reelected, Argentine President Javier Milei drops crypto tax matters from Omnibus Bill, and Venezuela gets hit by gold sanctions. El Salvador to […]
Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021
Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times. McGlone Highlights Bitcoin-to-Gold Ratio, Warns of Potential Downturn vs Gold […]
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on February 13, with oil and gas sanctions reported to return in April. OFAC Winds Down Venezuelan Gold Operations […]