.999 gold – DIGIT INFO

Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

DIGIT — Wed, 07 Dec 2022 17:00:20 +0000

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks […]

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Central Bank Gold Buys This Year Reach an All-Time Quarterly High in Q3, 400 Tons Purchased Is the ‘Most on Record’

DIGIT — Wed, 02 Nov 2022 11:30:01 +0000

According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record in Q3 2022. The quarterly report indicates that the world’s central banks purchased close […]

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‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’

DIGIT — Thu, 06 May 2021 23:00:25 +0000

Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered strength this week, crypto-asset […]

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As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums

DIGIT — Fri, 28 Aug 2020 03:00:36 +0000

The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed […]

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Year-End Gold and Bitcoin Price Predictions from Regular Everyday People

DIGIT — Mon, 10 Aug 2020 01:30:04 +0000

Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they […]

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As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures

DIGIT — Fri, 31 Jul 2020 18:35:04 +0000

During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased […]

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5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums

DIGIT — Tue, 07 Apr 2020 20:45:14 +0000

Digital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes as well. In fact, cryptocurrencies that claim to be […]

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Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

DIGIT — Fri, 03 Apr 2020 19:55:37 +0000

Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets in order to save their economies. Data shows […]

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