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UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]

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Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s Status

Lavrov Says He Agrees With Donald Trump on US Sanctions Weakening Dollar’s StatusRussian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]

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Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power DwindlesLynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S. […]

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Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030

Robert Kiyosaki Predicts Bitcoin Could Hit 0K by 2025, M by 2030Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction […]

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AI may lead to inflationary pressures: Bank of Canada

Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.

Bank of Canada Governor Tiff Macklem said that investments in artificial intelligence may lead to higher inflationary pressures in the short term and cause financial stability issues. 

According to Macklem, AI may also affect how businesses set prices. There is already evidence that digitally intensive firms adjust prices more often than less digitally focused ones.

“Central banks need to be closely attuned to how AI is affecting inflation, both indirectly through overall demand and supply and directly through price-setting behavior,” Macklem said.

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JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems AheadJPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […]

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Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes

The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris. 

BitMEX co-founder Arthur Hayes believes the United States Federal Reserve’s recent rate cut was likely politically motivated and could impact markets and inflation. 

Speaking to Cointelegraph at Token2049 in Singapore on Sept. 18, Hayes shared his thoughts on the Fed’s recent action, speculating it could be part of an effort to bolster support for the Democratic Party: 

On Sept. 18, the Fed cut US interest rates by 50 basis points in a move widely anticipated by investors and analysts.  

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Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts Rates

Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts RatesRich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors should abandon “fake assets” and turn to real ones like bitcoin, gold, and silver. Kiyosaki also highlighted rising inflation, warning of its impact on retirees […]

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Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. […]

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Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]

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