The price of gold has been the only asset not in a total freefall of late as a result of the coronavirus, with investors still backing its status as a safe haven and store of value. After hitting a 7-year high of $1,700 prior to the escalation of the pandemic last week, gold is still staying strong near the $1,600 level. Since late 2018, more and more investors have been flocking to the precious metal as protection from increasing levels of economic volatility. Fears of a recession have been steadily increasing as more and more warning signs become apparent, and… Read More
Diversification via alternative assets is among the best ways to help protect your portfolio. Nothing ever grows and grows forever. There are always peaks and valleys, and the timing varies depending on the commodity. If you’re starting to think about retirement and your IRA (and you should be, no matter what age you are,) then this fact has probably crossed your mind. For those that have primarily invested in stocks and bonds, it leads them to ponder the dreaded worst-case scenario: “What if the markets tank when I’m about to retire?” We saw the effects in the crash of 2008… Read More
If you've been paying any attention to world news the past few months, you've no doubt heard about the coronavirus. Not only can it take a fatal toll on it's growing list of victims, but its effects are starting to creep into the daily lives of the general population. Throughout Asia, we're starting to see increased levels of quarantine, the cancellation of public gatherings like concerts or sporting events, and negative economic impacts. With the fears of a global pandemic rapidly growing, so too does the apprehension of the markets Could the coronavirus be what finally triggers a worldwide recession?… Read More
THE NUMBER OF GOLD SCAMS WERE AT AN ALL-TIME HIGH IN 2019 Gold is and always has been considered one of the best investment options out there, but the downside of that fact is that it has led to an endless amount of questionable characters trying to take advantage of gold’s sterling reputation and rip people off in the process. In 2019, we’ve saw an unprecedented number of gold scams out in the wild, looking to prey on honest investors that are looking for a safe store for their wealth. We’ve also seen gold prices steadily climb, making excellent gains… Read More
GLOBAL MARKET EXPERT SEES GOLD PRICE HITTING $2,000 SOON A bull run on gold will be happening soon, according to Gerald Celente, American business consultant and publisher of the Trends Journal. “The next breakout point had to be $1,450. I believe when it breaks beyond that, it’s going to spike for the $2,000 mark,” Celente said in an interview with Kitco News. He cites loose monetary by central banks as the chief influence on this impending rally. "The whole world, every central bankster, you name the place, whether it's Australia going into record low interest rates, the European Central Bank… Read More
FUND MANAGER PREDICTS SKYROCKETING PRICES AFTER MAY 2020 HALVING The recent prediction by Charles Hwang, managing member of the Lightning Capital hedge fund and adjunct professor at Baruch College, echoes the feelings of many technical analysts in the crypto sphere. Hwang put forth his hypothesis in a recent Medium post, while making the convservative assumption that demand will stay steady through 2021. Bitcoin “halving” occurs when predetermined mining milestones have been reached on the network. These milestones were created when Bitcoin itself was created, and at each one the mining reward is cut in half. One only needs to… Read More
BITCOIN PRICE: $14K IN SIGHT Bitcoin price has rebounded massively this year, and new data shows that Bitcoin’s dominance over altcoins is higher than ever. BTC/USD has seen strong gains since early spring as pressure continues to build in the trade war between China and the United States. The Bitcoin price rally came after global stock markets suffered and as they continue to struggle to avoid a recession. We’ve seen China devalue its own yuan currency below $7, a key level that initiated a huge flow of money out of the currency. It appears a great deal of that money… Read More
GOLDMAN REPORT ADVISES NOW IS THE TIME TO BUY BITCOIN, GOLD Recent analyst reports from Goldman Sachs suggests investors should take advantage of the current Bitcoin price dip and buy now. In a series of slides prepared by one of Goldman's technical analysis teams and distributed to clients, the bank included one that put the short-term target Bitcoin price at $13,971. They echo the sentiment shared by many that we are currently in a dip and that now is an idea time to buy. Source: Goldman Sachs According to the report, there is also the potential that this could be… Read More
JIM CRAMER URGES INVESTORS TO HAVE AT LEAST TEN PERCENT OF THEIR WEALTH IN GOLD Investment guru and former hedge fund manager Jim Cramer gives investors valuable advice: "everyone should have ten percent of their money in gold." The Mad Money host made his comments during the show's Lightning Round. He also recently highlighted gold as a safe haven to hold long term instead of government bonds. "Why not own something that yields nothing that holds its value than something that yields negative that doesn't hold its value," he said in an interview with The Street. "It is ridiculous not… Read More
BULLISH SIGNALS CONTINUE FOR BTC AND GOLD ON MORE SAFE-HAVEN BUYING INTEREST Bitcoin hit another major milestone this summer, gaining its highest share of the overall cryptocurrency market since before its record-smashing 2017 bull run. Data from crypto market monitoring site CoinMarketCap reveals that Bitcoin now accounts for 70.5% of the total cryptocurrency market cap as of earlier this week. This magnitude of dominance has not been seen since March of 2017, and comes as Bitcoin prices continue to make gains at the expense of altcoins. This had led to numerous experts and analysts firing warnings about the prospect of… Read More