Peter Schiff Issues Grave Warnings on Soaring Oil Prices and Upcoming Financial Crisis

Recently, Peter Schiff, the CEO of Euro Pacific Capital and a long-time critic of Bitcoin, made a series of alarming statements on social media platform X, formerly known as Twitter. He also holds multiple positions in other financial firms, such as Euro Pacific Asset Management, an autonomous investment advisory service; Schiff Gold, previously known as […]

Costco’s Midas Touch: 1-ounce Gold Bars Are Flying Off the Shelves

Costco, the retail giant renowned for offering a wide range of products at discounted prices, has recently added an unexpected item to its inventory: 1-ounce gold bars. While the exact price is available only to Costco members, online discussions suggest that the bars were priced at just under $1,900. As of 1:30 p.m. UTC on […]

U.S. Economic Uncertainty and Rising Debt Bolster Gold’s Position, Says Invesco’s Kristina Hooper

In a recent discussion with Kitco News, Kristina Hooper, the Chief Global Market Strategist at Invesco, shared her insights on the current economic landscape in the United States and its implications for the gold market. Hooper expressed skepticism about the Federal Reserve’s optimistic outlook for a smooth economic transition, suggesting that the U.S. is more […]

Senator Robert Menendez, a Vocal Bitcoin Critic, Faces Bribery Charges Involving Cash and Gold

According to a report by NBC, U.S. Senator Robert Menendez, a Democrat from New Jersey (and a well-known critic of Bitcoin), has been formally charged with bribery. The charges stem from allegations that Menendez and his wife, Nadine Menendez, accepted significant sums of money, gold, and other benefits as part of an unethical relationship with […]

Russia’s Central Bank Replenishes Gold Reserves to 2023 Highs Amid Economic Sanctions

According to a report by Ernest Hoffman for Kitco News published yesterday, data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) reveals that Russia’s Central Bank increased its gold reserves in August 2023. The reserves have apparently returned to their initial levels at the start of the year, at 2,333 tonnes. This information […]

Economist and Gold Bug Peter Schiff Predicts a ‘Massive Crisis’ Is Coming

In a recent in-depth interview Peter Schiff, a well-known economist and gold advocate, revealed mounting concerns regarding the stability of the U.S. dollar, saying there’s “going to be a massive crisis,” that will send “the economy into a tailspin.” The interview, with David Rodriguez, saw Schiff address the growing debt of the U.S. government and […]

Surging Debt and Inflation Set Stage for $5,000 Gold, Says Investment Strategist Michael Lee

In a recent interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Michael Lee, who is the founder of Michael Lee Strategy, said that he believes the gold price will reach $5,000 an ounce within three years. He attributed this to the fact that the U.S. economy is already in recession and that […]

Gold Could Skyrocket to $2,600 if Dollar Continues to Lose Ground, Analyst Suggests

Carley Garner, co-founder of brokerage firm DeCarley Trading, has recently said that gold has been holding critical support levels and is now in a position to move into new all-time highs, at a time in which the U.S. dollar is losing momentum. According to Kitco News, Garner predicted that the U.S. dollar index (DXY), which […]

Cryptocurrency as ‘Digital Gold’? Not So Fast, Says State Street Strategist

In the crypto space, cryptocurrencies (especially Bitcoin) are often hailed as the “digital gold” of the 21st century. However, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, urges caution. His firm operates the world’s largest gold exchange-traded fund (ETF), and he’s skeptical about the idea of cryptocurrencies replacing the time-tested value of gold. […]

$BTC: ‘Rich Dad Poor Dad’ Author Predicts Bitcoin Surge to $120K as BRICS Prepares to Launch Gold-Backed Currency

Robert Kiyosaki, best known for his influential personal finance book, “Rich Dad Poor Dad,” has predicted that Bitcoin could surge to an astounding $120,000 in the near term at a time in which the BRICS nations are preparing to launch a gold-backed currency. In a tweet shared with Kiyosaki’s over 2 million followers on the […]

Hedge Fund Manager James Lavish on Why Bitcoin Makes a Much Better Global Reserve Currency Than Gold

In a recent Twitter thread, James Lavish, the co-Managing Partner of the Bitcoin Opportunity Fund, shared his thoughts on a recent announcement by BRICS nations—Brazil, Russia, India, China, and South Africa. The countries declared their intention to create a gold-backed currency, hinting at an evolving non-Western financial framework. While many observers see this as a […]

Veteran Macro Investor Dan Tapiero’s Take on Gold and Bitcoin

In a recent episode of The Breakdown podcast, host Nathaniel Whittemore interviewed Dan Tapiero, co-founder of 10T Holdings and a well-known figure in the investment world. Tapiero, with his extensive experience in macro investing and deep understanding of the global financial system, shared his insights on a range of topics, from the enduring value of […]

Gold and Bitcoin: The Twin Beneficiaries of US Debt Crisis, Says Prominent Macro Investor

Renowned macro investor Luke Gromen has identified a crucial turning point that could potentially propel the value of both gold and Bitcoin. According to a report by The Daily Hodl, in a recent discussion on Blockworks Macro, Gromen expressed his belief that Bitcoin and gold are poised for success regardless of the outcome. Gromen suggests […]

Investing Legend Jim Rogers Foresees Worst Bear Market of His Lifetime

Jim Rogers, a renowned American investor and co-founder of the Quantum Fund with George Soros, has issued a stark warning about the future of the global economy. In a recent interview with Real Vision, as reported by Markets Insider, Rogers predicted the most devastating bear market of his lifetime, citing excessive borrowing and looming threats […]

JPMorgan Strategist Urges Investors to Ditch Stocks and Buy Gold Amid Recession Fears

JPMorgan’s chief global markets strategist Marko Kolanovic has suggested investors reevaluate their portfolios amid global recession fears, recommending investors reduce their stock holdings and diversify into cash and gold as a precautionary measure. According to Markets Insider, Kolanovic recently expressed concerns in a memorandum regarding the buoyant rally of stocks this year, which have seen […]

Decoding the Future of Bitcoin and Gold: Insights from Michael Saylor

In a world where digital currencies are rapidly gaining traction, Michael Saylor, Executive Chairman and Co-Founder of MicroStrategy, firmly believes that Bitcoin is poised to eclipse gold as a leading asset.” In a recent interview with Kitco News at the Bitcoin 2023 conference in Miami, Saylor shared his views on the future of Bitcoin, gold, […]

Poland Boosts Its Gold Reserves by 15 Tons: Largest Accumulation in 3 Years

In a move marking the most substantial accumulation since 2019, Poland’s central bank amassed 14.8 tonnes of gold in April, signaling the nation’s proactive response to economic uncertainties. In a proactive financial strategy, Poland’s central bank procured an additional 14.8 tonnes of gold in April, marking the largest acquisition since June 2019, according to Kitco […]

Bitcoin and Gold Lead the Charge in 2023, Fidelity’s Jurrien Timmer Explores Why

In an unexpected twist, Bitcoin and gold have emerged as the high performers of 2023. Jurrien Timmer, Director of Global Macro at Fidelity Investments, recently took to Twitter to share his intriguing analysis on the matter. Timmer’s tweets raise questions regarding the driving forces behind the ascendance of these assets. He queries whether excessive sentiment is […]

Gold Regains Favor as Bitcoin Falters, Says WSJ Report

As the allure of Bitcoin begins to fade, an ancient asset is captivating the attention of modern investors. On April 24, The Wall Street Journal published an article titled “‘How to Buy Gold’ Hits a Google Record as Crypto Investors Chase World’s Oldest Asset” by Markets Reporter Hardika Singh. According to the report, some cryptocurrency […]

Bitcoin and Gold’s Bright Future, According to ByteTree Asset Management CIO

Charlie Morris, who is the Founder and CIO of ByteTree Asset Management, believes that gold and Bitcoin are set to experience significant and lasting gains due to a weakening dollar and increasing sovereign risk. Per a report by Kitco News published on April 17, Morris believes the econometrics are clear-cut, suggesting that investors in gold […]

Bloomberg Strategist: Gold Rally to Continue, Stock Market and Crypto Correction Ahead

According to Bloomberg Intelligence Senior Macro Strategist Mike McGlone, the current gold rally is here to stay, even as the stock market and crypto markets face an incoming correction. On April 14, during an interview with Yahoo Finance Live, McGlone said that while gold is currently experiencing a slight pullback, it is inevitable that it […]

VanEck CEO: Get Ready for a ‘Thrilling’ Ride as Gold and Bitcoin Enter Bullish Cycles

VanEck CEO Jan van Eck has his eyes on the horizon, predicting that gold and Bitcoin (BTC) are gearing up to embark on impressive multi-year bull runs. Recently, during a chat on CNBC’s “Closing Bell: Overtime,” van Eck enthusiastically shared his outlook, saying, “I think we’re just at the starting line of what could be […]

$BTC: Five Reasons Why Bitcoin Could Be a Better Store of Value Than Gold

In recent years, Bitcoin has emerged as a popular alternative to traditional assets such as gold, with many proponents arguing that it is a superior store of value. Here are five reasons why Bitcoin may be a better store of value asset than gold: Limited supply: One of the key characteristics of Bitcoin is its […]

New Legislation Calls for All Gold Mined in Brazil to Be Tokenized on a Blockchain

A new bill in progress in Brazil calls for all gold mined in the country to be tokenized on a blockchain, as a way to bring transparency to the sector and make irregular mining difficult. The project was presented by Federal Representative Joenia Wapichana, who highlights that about half of the metal mining in the […]

ByteTree CEO: ‘Gold and Bitcoin Will Be Important Components of an Investment Portfolio for Years To Come’

On Monday (July 4), Charlie Erith, Lead Portfolio Manager and CEO at research-driven investment adviser ByteTree Asset Management, wrote about the importance of gold and Bitcoin as hedges against monetary policy errors. ByteTree, which was founded in 2014, is “a research-driven boutique providing investment solutions and institutional-grade crypto-asset data on Bitcoin and other cryptocurrencies, as […]

Billionaire Value Investor ‘Can’t See the Point of Crypto,’ Lauds Gold Instead

American billionaire investor Seth Klarman has trashed crypto, saying that they represent an asset that could wind up being worthless.  Wikipedia says that Klarman is “the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.” It also mention that “since his fund’s $27 million-dollar inception in […]

Legendary Investor Stanley Druckenmiller on Bitcoin and Gold

On Thursday (June 9), American billionaire investor Stanley Freeman Druckenmiller shared his latest thoughts on crypto. Druckenmiller started his career as an equities analyst at Pittsburgh National Bank. Then in 1981, he founded investment firm Duquesne Capital Management, which had a positive return every year until he decided in August 2010 to quit the hedge fund business […]

One VanEck Valuation Framework Estimates ‘Potential’ Bitcoin Price of Roughly $1.3M

According to a report (released on March 30) by asset manager VanEck’s emerging markets (EM) bond investment team, “the upside for gold and Bitcoin is potentially dramatic,” and their valuation framework “estimates gold prices of around $31,000 per ounce and potential Bitcoin prices of around $1,300,000 per coin.” Furthermore, “adjusting for greater strains on financial […]

U.S. Global Investors CEO Is Currently Much More Bullish on Gold Than Bitcoin

Yesterday (February 24), Frank Holmes, the CEO and CIO of asset management firm U.S. Global Investors, talked about gold, which is historically the world’s favorite safe haven asset, and Bitcoin, the cryptoasset that many refer to as digital gold. U.S. Global Investors, Inc., which is headquartered in San Antonio, Texas describes itself as “an innovative investment manager with […]

Cardano ($ADA) Powered DeFi Platform to Launch a Gold-Backed Stablecoin

A partnership between decentralized finance (DeFi) platform MELD and Tingo Network, Nigeria’s largest mobile network, is going to lead to the launch of a new gold-backed stablecoin on top of the Cardano network. According to City A.M., during its crypto summit chairman Ken Olling announced the partnership, which will also include Ubuntu Tribe, an ethical […]

On-Chain Analyst Willy Woo: ‘Bitcoin Is Decentralised Gold’

On Thursday (July 15), prominent on-chain analyst Willy Woo made some comments that suggested he believes that those people who try to praise Bitcoin by calling it “digital gold” are doing the flagship cryptocurrency a disservice. Woo thinks that Bitcoin is not a much better store of value of gold because it is like a […]

Bloomberg Senior Commodity Strategist: Bitcoin and Gold ‘Set To Shine’ in H2 2021

The recently-released June 2021 edition of Bloomberg research report “Bloomberg Commodity Outlook”, which was written by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), is quite bullish on the outlook for both gold and Bitcoin in H2 2021. Here are some highlights from this report: The “mainstream migration trend” seems strong as evidenced by the […]

Bitcoin Update: Hash Rate, Mining Difficulty, Accumulation Addresses, $BTC vs Gold

This article looks at what analysts and influencers are currently (as of June 28) saying about Bitcoin’s hash rate, mining difficulty, BTC accumulation addresses, and the Bitcoin vs gold debate. On June 26, crypto analyst Lex Moskovski, CIO at Moskovski Capital, used Glassnode data to show that the number of unique accumulation address (or effectively […]

Shark Tank’s Kevin O’Leary: Bitcoin Mining Becoming More Environmentally Friendly

Canadian businessman Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently compared gold mining and Bitcoin mining, and said that the latter is showing signs of becoming more environmentally sustainable. On April 20, during an interview with with Daniela Cambone, Editor-at-Large and Anchor at Stansberry Research, O’Leary criticized gold mining: “There is no clean gold, you know. There’s just […]

Mike Novogratz: ‘Inevitable’ for Bitcoin To Have a Higher Market Cap Than Gold

On Wednesday (March 31), Billionaire investor Mike Novogratz shared his latest thoughts on Bitcoin. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” His comments about Bitcoin during an interview on CNBC’s “Squawk Box” at a time […]

Most Read