Gold News

Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.

Market Update
$12,000 is firmly back on the cards as daily gains top 2.2% and Bitcoin erases the effect of its weekend plunge.
Bitcoin Price Nears $12K Again as Gold Correlation Hits Record
William Suberg
Market Analysis
Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin.
3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally
Joseph Young
Bitcoin will eventually capture more of the market than gold, Morgan Creek’s Anthony Pompliano predicts.
Bitcoin Will Break $400K in Long-Term, Morgan Creek's Pomp Predicts
Helen Partz
Bloomberg suggests that the price of Bitcoin is stabilizing at six times the price of gold, yet it contends that the asset is still undervalued.
Bloomberg: Bitcoin Is Stabilizing at 6x the Price of Gold
Michael Kapilkov
Markets News
Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher.
Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’
Joseph Young
Markets News
As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy.
Bitcoin Price Hits New All-Time High Against Turkish Lira
William Suberg
A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise.
Goldman Sachs: Gold Will Hit $2,300 by 2022. What About Bitcoin?
Turner Wright
A crypto consortium including Bittrex Global, Ledger, CertiK, and Uphold, has launched a gold token backed by the world’s largest refiner of newly minted gold.
Government-Backed Tokenized Gold With ‘Killer Features’
Samuel Haig

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