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Evolution Mining’s executive chairman said gold and Bitcoin could coexist, but the latter is not yet mature enough to deliver the established safe haven assurance of the latter. Go to Source Powered by WPeMatico
The statement appeared as a takeaway from Blockworks’ Bretton Woods: The Realignment conference that gathered economists, macro analysts, and investors to discuss Bitcoin. Go to Source Powered by WPeMatico
Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency … Read more
Jordan Peterson published a podcast titled “Bitcoin: The Future of Money?” this week that hosted Bitcoiners including John Vallis, Der Gigi, Richard James and Robert Breedlove. Go to Source Powered by WPeMatico
The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently explained in an interview that “no one believes in fiat currencies anymore.” Bristow says the world is currently “battling” on how to “position investments on the back of the unforeseen and unrealized damage of how the pandemic crisis was managed.” Mark Bristow: … Read more
Gold disappoints on practically every timeframe while heading back towards all-time lows in BTC terms. Go to Source Powered by WPeMatico
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. New York Fed’s Survey of Consumer Expectations … Read more
The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the losses jumping 2.36% back above the $1.7K region to $1,727 per ounce of fine gold. Gold’s Volatile Movements This Weekend Blamed on a Number of … Read more
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one … Read more
Dalio sees gold as a hedge against inflation but also has a bit of BTC in his portfolio. Go to Source Powered by WPeMatico