U.S. Federal Reserve Chair Jerome Powell thinks Bitcoin (BTC) is more akin to gold than the US dollar. At the New York Times DealBook summit this week, Powell was asked whether the public’s interest in BTC represents a lack of faith in the US dollar. Says the Fed chair, “I don’t think that’s how people […]
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Salvadoran President Nayib Bukele recently highlighted the size and significance of the country’s natural gold reserves and how they can be used to improve the quality of life for Salvadorans. President Nayib Bukele Defies Mining Ban Law, Aims to Take Advantage of Salvadoran Gold Reserves El Salvador might be close to taking advantage of its […]
Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions. “While it’s unclear how much of a role gold plays in Russia’s […]
Macro guru and Real Vision chief executive Raoul Pal says that gold looks primed to rally to higher prices with a caveat. In a new interview on the Wealthion YouTube podcast, the former Goldman Sachs executive tells SkyBridge Capital founder Anthony Scaramucci that while gold will probably go higher, its growth will pale in comparison […]
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A major gold discovery in China’s Hunan Province, valued at $83 billion and containing over 40 gold veins, is anticipated to influence global markets significantly. Gold Veins Unearthed in China Could Transform Global Markets A vast gold deposit with reserves exceeding 1,000 tonnes has been discovered in Hunan Province, central China, as confirmed by the […]
China just discovered a massive trove of gold worth $83 billion, according to state-run media. The gold was found in central Hunan province and according to the region’s geological bureau, it is estimated to weigh about 1,000 tonnes, reports Xinhua news. Prospectors say many of their core drillings show visible gold, with dozens of veins […]
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Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even without the backing of the US government. In a video posted on the Forest for the Trees YouTube channel, Gromen says Bitcoin has a huge leg up against gold due to the crypto king’s fundamentals. But while the macro expert is […]
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Bitcoin bulls have sealed BTC price all-time highs in US dollar terms but have yet to match macro asset records from 2021.
Bitcoin (BTC) has not matched all-time highs against the S&P 500, gold and others — but doing so is “a matter of if, not when.”
In a post on X on Nov. 15, Caleb Franzen, creator of financial research resource Cubic Analytics, predicted BTC price outperformance next.
Bitcoin may have tapped $93,500 and gained nearly 50% in Q4, but against many macro assets, the BTC price breakout has yet to happen.
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 […]