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.”
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One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
Gold disappoints on practically every timeframe while heading back toward all-time lows in BTC terms.
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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
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
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Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid
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,
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Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum
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 &
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Billionaire Ray Dalio likes Bitcoin but would choose gold every time
Dalio sees gold as a hedge against inflation but also has a bit of BTC in his portfolio.
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