Tag: Gold

Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate – Markets and Prices Bitcoin News

[ad_1] On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities Boom Gold is exchanging hands for prices not seen since August 2020, as the Russia-Ukraine war has caused a significant demand for barrels of oil, commodities, energy stocks, and precious metals. During the last…

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Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices – Featured Bitcoin News

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[ad_1] Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold One of the world’s largest gold ETFs, SPDR Gold Shares, recently recorded a net inflow of $1.63 billion, the highest since its listing in 2004, a report has said. Friday’s record inflow, which comes as stock and crypto prices…

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Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits – Economics Bitcoin News

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[ad_1] The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the Republic of Turkey (CBRT) has announced the launch of an incentive scheme that encourages Turkish residents to convert their gold deposits and participation funds into lira time deposit accounts. In a brief statement released in late December…

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Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge – Bitcoin News

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[ad_1] Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge against inflation in an interview with CNBC Wednesday. He said: Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment … It would be my preferred one over…

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Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

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[ad_1] What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding that the trio has been outperforming the benchmark Wall Street index at least since the start of 2020. Bitcoin-Gold-Bonds performance against the S&P 500 index. Source: Bloomberg Intelligence The Bitcoin-Gold-Bonds index took data from…

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Who takes gold in the crypto and blockchain Olympics? – Cointelegraph Magazine

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[ad_1] Every four years (usually), the world comes together in a celebration of sport and competition at the Olympic Games. In the spirit of Tokyo 2020, let’s look at countries that are deserving of gold medals across different spheres of the cryptocurrency and blockchain space. The variety of sports featured at the Olympics have changed over the years, and the current summer Olympics in Japan features a total of 33 different sports. Exciting competitions like skateboarding and surfing were added for Japan as the global showpiece continues to evolve and…

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Bitcoin Is Superior To Gold

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[ad_1] Alexander Vasiliev is the co-founder and CCO of the global payment network Mercuryo. Ever since bitcoin began to grow in popularity, many people have come to call it “digital gold.” And for valid reasons. While the cryptocurrency’s anonymous creator, Satoshi Nakamoto, originally intended bitcoin to function as a peer-to-peer (P2P) electronic cash system, BTC also possesses excellent store of value and safe-haven asset qualities. Gold has similar store of value properties, with many conservative investors considering the precious metal one of the safest traditional investment instruments on the market. There’s…

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Bitcoin Is an Alternative Inflation Hedge to Copper, Not Gold – Bitcoin News

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[ad_1] Goldman Sachs’ head of commodities research says bitcoin is more like copper as a hedge against inflation than gold. He explained that they are both “risk-on” inflation hedges whereas gold is a “risk off” asset. Bitcoin Is More Like Copper Than Gold as Inflation Hedge The global head of commodities research at Goldman Sachs, Jeff Currie, said in an interview with CNBC on Tuesday that cryptocurrencies are an alternative to copper, not gold, when used as a hedge against inflation. He elaborated: You look at the correlation between bitcoin…

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Bitcoin Is Demonetizing Gold – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] Bitcoin Is Better At Being Gold Than Gold Is Decentralized: Bitcoin is more decentralized than gold. There are over 100,000 nodes all over the world verifying the Bitcoin blockchain. Bitcoin miners and developers are all over the world as well. Gold mining is subject to the jurisdiction they are located in and the local government can easily impose controls over the gold output since it is physical in nature. The same cannot be easily said with bitcoin mining since bitcoin is digital and can be instantly secured from control…

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