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Peter Schiff argues that tokenized gold can fulfill the roles of a medium of exchange, unit of account and store of value—functions he claims bitcoin fails to deliver. The Safe Haven Debate Reignites Amid Market Volatility Outspoken bitcoin critic and gold advocate Peter Schiff has reiterated his belief that gold—not cryptocurrency—is the only asset that … Read more
Gold’s price took a steep tumble between Oct. 21 and Oct. 22, falling about 8% from recent record highs above $4,400 per ounce and erasing roughly $2.43 trillion in market value — its sharpest two-day drop since 2013. Gold’s Rally Snaps With 8% Drop in 48 Hours Spot gold fell 6.3% on Oct. 21 alone, … Read more
With most U.S. economic data frozen by the ongoing government shutdown, September’s CPI report, set for release on Oct. 24, has become the market’s only major guidepost. Traders are watching closely for signs of easing inflation that could shape liquidity expectations and drive bitcoin’s next move. All Eyes on CPI Amid U.S. Shutdown and Market … Read more
Roxom announced the launch of bitcoin‑denominated perpetual futures that allow traders to price and trade exposure to the S&P 500 and Gold in BTC. Roxom co‑founder Borja Martel Seward calls the move foundational for “a new financial era.” The BTC‑settled instruments let users gain or hedge benchmark exposure without fiat conversion, enabling BTC‑native trading and … Read more
On Tuesday, after gold gleamed its way up to $4,377 per troy ounce the day prior, the shine faded fast—slipping more than five percentage points—while silver decided to take the express elevator down even quicker. Gold and Silver Take a Harsh Hit Overnight Gold and silver have lost some of their edge in the past … Read more
Gold’s got its groove back—climbing 2.48% against the U.S. dollar on Monday after a quick dip. Even with that glittering rebound, Sagar Khandelwal, strategist at UBS Global Wealth Management, thinks the shiny metal still has room to climb, calling for gold to hit a dazzling $4,700 per ounce. All That Glitters Might Be Gold After … Read more
Gold bugs and bitcoin proponents have taken their long-running rivalry to a higher pitch, with X threads, social media posts, and memes trading shots as spot gold flirted near the $4,400 range and bitcoin cooled after peaking near $126,000 earlier this month. Sound-Money Clash The feud is hardly new, but the volume is way up. … Read more
Dalio, known as a gold advocate for its safe‑haven properties, says the precious metal is uniquely positioned to serve as a diversifier because it is the most widely used non‑fiat medium of exchange and tends to perform well when fiat currencies falter. Ray Dalio Gives His Take on Gold, States It Serves as a Unique … Read more
After gold’s wild sprint to $4,376 — with a few daring exchanges flashing $4,400 — the shiny yellow metal decided to catch its breath, dipping to $4,253 on Saturday. Silver wasn’t immune to the cooldown either, slipping 4.84% from its $54.55 high to $51.91 per troy ounce, proving even precious metals need a little downtime … Read more
Gold has continued its relentless rise, reaching as high as $4,371 in early Friday morning in the COMEX December futures markets. With this price hike, gold becomes the first asset to reach a market capitalization of over $30 trillion, cementing its role as a safe-haven asset. Gold Reaches Record Prices, Leaves Stocks and Bitcoin Behind … Read more