Tag Archives: 6a) Gold & Bitcoin

Sound money is a key to a free and prosperous society. That principle was clearly reflected in the monetary system that the Constitution established when it called the federal government into existence. Our ancestors didn’t trust government officials with power. They believed that the greatest threat to their own freedom and well-being lay not with some foreign regime but rather with their own government. They understood that historically most people had lost their...

by Paul R. La Monica via CNN Business Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, such as silver and platinum, have rallied too. Meanwhile, the Dow was down nearly 350 points in midday trading. Some experts wonder if gold could top $2,000 in the...

Authored by Andrey Schevchenko via CoinTelegraph.com, Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550. image courtesy of CoinTelegraph The new product is available as an ERC-20 token on the Ethereum blockchain, as well as a TRC20 token on Tron (TRX). The funds are said to be backed by physical gold...

If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking about markets. One of his comments – stated with surety and simplicity – has stuck in my mind. “Investing in 2020 is going to be easy,” he said. “All you need to do is own gold and...

After pushing up to two-month highs over the weekend, Bitcoin is accelerating lower this morning… Bitcoin, January 2020 Source: Bloomberg - Click to enlarge Breaking down from the 200DMA and testing the 100DMA… Bitcoin, 2019-2020(see more posts on Bitcoin, ) Source: Bloomberg - Click to enlarge Cryptos are all lower today (and this week)… Crypto currencies Source: Coin360 - Click to enlarge …but remain notably higher on the year… There was no immediate...

◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency ◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s financial buffer” – Richard Davies ◆ Gold is an ‘obsession’ for very few people in the world today, including Indians, and most owners simply view it as a...

Bahnhofstrasse in Zurich is one of the most upmarket shopping streets in the world. (© Keystone / Gaetan Bally) A building on Zurich’s most exclusive shopping street has been converted into a blockchain-powered investment following its CHF130 million ($134 million) sale. It is the latest attempt to unlock the value of bricks and mortar using digitally-coded tokens. Bahnhofstrasse 52, which houses offices and a Swatch retail outlet, was bought by Zug-based real estate...

Looks amazingly similar to a real nugget: 18-​carat gold with latex as the base material. ( ETH Zurich / Peter Rüegg) Five years ago researchers at the federal technology institute ETH Zurich developed the lightest gold in the world, which could float on a cappuccino. But there wasn’t much they could do with it. Now they have created 18-carat light gold which can be used for watches, jewellery and electronics. It is based on a plastic matrix that replaces metallic...

Early bird WEF delegates will be learning about blockchain in the ski resort of St Moritz. (Keystone / Martin Ruetschi) Global politicians, regulators, financiers and technology pioneers will soon be gathering in Switzerland for the World Economic Forum. This has not been lost on the blockchain and crypto industry, which is redoubling efforts to engage with policy makers. Next week’s Crypto Finance Conferenceexternal link (CfC), in the up-market ski resort of St...

◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in 11 Sessions as Trump’s Speech Ebbs Iran War Worries via Marketwatch ◆ Yellow metal falls from highest levels since 2013 ◆ Gold prices...