Financial services giant Fidelity’s director of global macro says bitcoin is “exponential gold.” He explained that gold is “too deflationary and clunky to be used as a medium of exchange,” noting that “investors own it primarily as a store of value — and one of the many reasons bitcoin is often compared to gold.” …
Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council suggest that this steady central bank activity is indicative of a sustained, strong demand for gold, which may lead to […]
HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $ 525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions, stated that these gold tokens will be tradable using HSBC’s platform, with the bank handling custody of …
The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index’s drop as the first correction since the market bottomed in the fourth quarter of 2022. In contrast, the prices […]
Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to reach $ 135,000. He also foresees substantial growth in the price of gold, reaching $ 3,700 in the near future. In contrast, the renowned author has warned that savers of U.S. dollars, which he calls “fake money,” will be in …