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Showing posts with the label gold

Bitcoin Lags Gold As Wall Street Doubts Persist, Claims Expert

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Not Bitcoin or Gold, Robert Kiyosaki Explains New Asset Could Surge 2x

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Robert Kiyosaki, author of the bestselling financial self-help book Rich Dad Poor Dad has been vocal about Bitcoin and gold. The analyst has been regularly urging his followers to accumulate the assets at every dip and wait for the long-term. He cites that banks and the Feds steal people’s money keeping them poor while BTC and gold help them with their financial aspirations. Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Mid-April 2025 Price Forecast Amid the soaring prices of gold and Bitcoin this year, Kiyosaki explained that another asset could deliver phenomenal returns. The commodity market is outperforming the stock market in 2025 as leading metals spiked double-digits. The US stock market index has remained in the red for YTD performance as leading shares crash in value. Tech stocks are the worst hit as Nvidia, Alphabet, Amazon, and Meta have seen a massive decline. Accumulate Silver Along With Bitcoin & Gold: Robert Kiyosaki Source: Watcher Guru Also Read: Dogecoin to Hi...

US Stocks Gain & Gold Hits Record as Tariffs Dictate the Market

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There has been no shortage of caution for investors as geopolitical tensions reach a fever pitch. Yet, on Tuesday, US stocks had gained and gold reached a new record high as the imposed tariffs from President Donald Trump continued to dictate the market. The finance market in the United States has been driven by ongoing pressure from the current administration’s economic policy. With 25% tariffs on Mexico, Canada, and China being delayed a month, Wall Street bounced back slightly. However, the ongoing worries derived from these tensions have driven gold as a key haven asset amid burgeoning concerns and volatility. Source: Watcher Guru Also Read: Google, Nvidia, & Intel Face Chinese Probe as US Tensions Rise Geopolitical Worries Drive US Stocks and Gold as Market Continues to Face Uncertainty The stock market has continued to operate in a state of growing volatility. Recent political developments have greatly impacted companies like Tesla (TSLA), with incoming tariffs threatening s...

The Markets Are Haywire With Silver, Gold, & Stocks Rallying

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2024 has been particularly favorable for the asset markets, with financial domains reporting some stellar metrics. A recent post by the Global Markets Investor has shared how 2024, in all its peculiarities, has displayed a “haywire” market arena, where financial investigators have noted a mix of “positive oddities” across gold, silver, stocks, and economic domains. Also Read: US Stocks: Top 3 Reasons To Buy Uber (UBER) Stock Now 2024: Bitcoin, Stocks, Silver, and Gold Rally The Global Markets Investor took to X to share a detailed post outlining some of the most promising yet “craziest” financial developments this year. The post emphasized how the S&P 500 is up 22% this year, showcasing its best performance. In addition, gold and silver have shown an incredible surge this year, displaying an upward ascent at a consistent pace. While gold has shown its best price performance in the last 45 years, silver, too, has rallied far along to gain recognition in the asset space. ...

Americans Are Massively Buying Gold Bars at Costco

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Gold fever is no longer limited to China and India, as Americans are buying the precious metal at the supermarket Costco. The accumulation spree was so massive that stocks of gold bars at Costco shelves remain sold out at the moment. Retail investors and regular shoppers are adding the precious metal to their carts as they see it as a safe investment. Also Read: The ‘Everything Crash’: Analyst Predicts Bitcoin To Collapse to $5,000 A recent report from Bloomberg shows that 77% of Costco stores offering gold bars sold out in early October. 46 US States sold out the bars this month and went off the shelves within a week of their placement. Easy Access To Buy Gold Bars At Costco Makes Americans Invest in the Precious Metal Source: Travel + Leisure The accumulation spree comes after China and India purchased thousands of tons of gold in two years. Americans are not holding back and are grabbing the gold bars, as Costco made them available at its stores. Also Read: North American Countries ...

Is Bitcoin’s digital gold status an ‘utter failure’?

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Following Bitcoin’s (BTC) crash in the wake of growing conflict between Israel and Iran, questions have emerged regarding the asset’s ability to emulate gold and serve as a hedge in an environment dominated by geopolitical disputes.  In this light, a prominent analyst in the precious metals sector has suggested that after Bitcoin’s latest price movement, the asset’s promise to serve as “digital gold” has become a disappointment, Peter Spina said in an X post on October 2. Spina shared data comparing Bitcoin to gold over the last several years to support this assessment, highlighting a notable disparity in performance. Picks for you Crypto traders lost over half a billion dollars in market crash 1 hour ago ...

Ripple Announces Tokenized Gold Coming to XRP Ledger in 2024

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In what is certainly a massive development for the company, Ripple has announced that tokenized gold is coming to the XRP ledger in 2024. Specifically, digital finance company Meld Gold took to X (formerly Twitter) to announce a partnership with Ripple that will see gold-backed stablecoins arrive in Q3 of this year. Additionally, the partnership will see a silver-backed stablecoin also debut on the platform. Moreover, the company stated that its decision to use the XRP Ledger was made due to the “reliability and stability” that Ripple offers in the tokenization and exchanging of both crypto and real-world assets. Source: Watcher.Guru Also Read: Ripple CEO Says Dogecoin is ‘Not a Good Thing’ for Crypto Gold-Backed Stablecoin Coming to Ripple’s XRP Ledger As the midpoint of 2024 fast approaches, the finance sector has seemingly been enthralled by two things; gold and crypto. Both the precious metal and Bitcoin, the leading cryptocurrency, have set all-t...

Gold Price Prediction: $2,600 In Play for 2024?

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With strong market demand, the gold price has been predicted to reach $2,600 in 2024. Indeed, the metal asset has experienced stability amid uncertain times in the last weeks, especially as the Federal Reserve has adhered to its wait-and-see approach to interest rate cuts. Yet, the current sustaining levels for gold may set it up to surge in the coming months. Currently, gold is trading at $2,135 and down only 0.26% over the last 24 hours. Comparatively, the digital asset market has experienced a stark downturn in that same time frame, with Bitcoin dropping almost 3%. Also Read: Goldman Sachs: Gold Price on Track for $2,300 in 2024 Gold Price in Line To Reach New Heights This Year As a haven asset, gold has a rather interesting relationship with overall economic development as an investment option. Heading into 2024, there were high hopes for the asset’s price performance. That belief was all but certified in December of last year when the asset reached an all-time h...

Bitcoin ETF inflows surge, threatening gold’s reign as store-of-value

Bitcoin ETF inflows surge, threatening gold’s dominance. Divergence in fund flows: Bitcoin gains, gold loses. Bitcoin acts as a ‘risk-on’ investment and a safe-haven asset. In a seismic shift within the financial landscape, Bitcoin is rapidly gaining ground as a store- of-value asset, challenging its traditional counterpart, gold . Recent data reveals a substantial surge in spot Bitcoin ETF in flows , particularly in the United States, setting the stage for a potential challenge to gold ’s historical dominance. This shift not only signals a changing tide in investment preferences but also prompts speculation about Bitcoin’s long-term disruptive potential. Bitcoin ETFs vs gold: the growing divergence The past week has witnessed an impressive surge in spot Bitcoin ETF inflows, culminating in a near 10% increase in Bitcoin’s price. Notably, the lion’s share of these new investments is pouring into US-based ETFs, refle...

Oaktree’s Howard Marks sees minimal difference between Bitcoin and gold

Howard Marks, co-founder of Oaktree Capital Management, questions the intrinsic value of Bitcoin and gold, favoring high-yield bond funds as a more secure investment option. In a recent episode of the Merryn Talks Money podcast, Howard Marks, co-founder of Oaktree Capital Management, expressed his views on Bitcoin and gold, suggesting a lack of intrinsic value. Marks, whose firm specializes in distressed debt and manages about $180 billion, highlighted gold’s historical reliability but questioned its fundamental justification. Bitcoin or gold? Oaktree’s @HowardMarksBook sees little differ ence He shares his views on crypto with @merrynsw on this week's Merryn Talks Money https://t.co/8Xcv07jhxH pic.twitter.com/d4V3fHOlLJ — Bloomberg Crypto (@crypto) January 19, 2024 You might also like: Bitcoin’s strong recovery in 2023 outshines gold and S&P 500 Discussing the current investment climate, Marks noted a significant shift, indicating that the era of 0% ...

Galaxy predicts 74% Bitcoin price increase first year after ETF launch

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Currently, a 74% increase takes Bitcoin to over $59,000 and that doesn’t factor in “second-order effects,” says Galaxy Digital. Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launch ed in the United States, according to estimates from crypto investment firm Galaxy Digital. In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch . He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline. According to Yu’s estimates, Bitcoin’s price would increase 6.2% in the first month after an ETF launch before steadily trending downward to a 3.7% monthly increase by month 12. Spot Bitcoin ETF estimated one-year inflows by month and Bitcoin price impact. Source: Galaxy Digital Research Yu used Bitcoin price data from Sept. 30, ...