TD Securities Analyst Says Gold Sell-off May Not Be Over — Carry and Opportun...
Precious metals markets continue to flounder this week as gold’s value per troy ounce has slid by 6.53% in value against the U.S. dollar during the last month, while silver has shed 2.34% in 30 days. Amid the raging inflation worldwide and the hawkish central banks, gold and silver prices have struggled in 2022 and investors expected quite the opposite to happen. Precious Metals Continue to Tank in Value The nominal U.S. dollar value per troy ounce of gold (Au) and silver (Ag) has dropped between 0.18% (Au) and 0.27% (Ag) during the last 24 hours. Over the last 30 days,....
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Bitcoin has been said to be the new gold. The global monetary system is in a runaway inflation; investors have always considered gold as an escape from inflation and a last resort against governments that have the power to divert funds from individual accounts and central banks with the capacity of printing money and unleash devaluation politics. Gold often benefits when exposed to inflationary environments because it is still one of the best ways to preserve the value and one of the best methods of escaping government control. Bitcoin is very similar to gold; it's scarce, it can be used....
For many years, investors have been arguing if Bitcoin is better than gold. The leading cryptocurrency has long been dubbed “digital gold” because it has characteristics that many believe makes it a competitor or successor to the precious metal. According to one investment analyst and podcaster, BTC is better than gold for the simple reason […]
On Tuesday, an anonymous crypto analyst from a popular YouTube channel InvestAnswer shared more light on the future of Bitcoin. The analyst revealed that Bitcoin (BTC) is set to surpass both Gold and Silver in market capitalization in no more than a decade. BTC Is A Safer Haven Than Gold And Silver Over the years, Bitcoin has been regarded as digital gold due to the fact that the cryptocurrency offers the same benefits as gold with even additional features. In times of economic and political turbulence, BTC has been seen as a safe haven. In the YouTube video, the crypto analyst was able to....
An optimistic forecast for gold is making Bitcoin equally bullish, thanks to its erratically positive correlation with the crypto. Gold Boom Ahead Frank Holmes, CEO of US Global Investors, told Kitco News that the gold market is forming a bottom. Simultaneously, the analyst maintained his upside target for the precious metal at $4,000 in 2020 despite the fears of uncertainty around November’s US election and the second coronavirus stimulus package. “The bottom that you’re seeing […]
A research report by Celent has looked at whether or not gold could be brought back as a means of exchange through bitcoin’s underlying technology, the blockchain. The report, Micro Gold: Assessing the Use Case of DLT and Physical Gold, determined that the blockchain could transform the way gold is utilized as a form of currency, delivering the benefits associated with bitcoin. According to senior analyst in Celent’s securities and investment practice, John Dwyer, a currency needs to have three qualities, reports EuroMoney. These are a store of value, a medium of exchange, and a unit of....