Safe haven – DIGIT INFO

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

DIGIT — Mon, 23 Sep 2024 23:16:42 +0000

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]

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Robert Kiyosaki Advises Investing in Bitcoin as US Dollar Becomes Trash

DIGIT — Sat, 14 Sep 2024 23:46:16 +0000

Robert Kiyosaki, author of Rich Dad Poor Dad, has criticized the debate over whether bitcoin or gold is better. He stressed that the only facts that matter are how much gold and bitcoin you own, pointing to the $35 trillion U.S. debt as the real issue. Cautioning that the bond market is crashing, Kiyosaki opined: […]

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Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

DIGIT — Wed, 14 Aug 2024 00:30:58 +0000

Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]

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MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin

DIGIT — Tue, 18 Apr 2023 16:19:58 +0000

Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment.

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Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250

DIGIT — Thu, 26 Jan 2023 14:00:52 +0000

Gold has seen a significant increase in value in 2023, with spot prices rising from $1,823 per ounce to the current price of $1,937 per ounce. However, Harry Dent, founder of HS Dent Investment Management, believes that this trend may not continue in the near future. Dent predicts that gold may lose value to the […]

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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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Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

DIGIT — Mon, 24 Oct 2022 18:00:50 +0000

Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a […]

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Small Bitcoin investors stop whales from crashing BTC price below $18K

DIGIT — Sun, 23 Oct 2022 17:04:39 +0000

Bitcoin price has avoided a bigger plunge below $18,000 in recent months, raising expectations that a market bottom is forming.

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FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues

DIGIT — Sun, 16 Oct 2022 15:30:07 +0000

While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the […]

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