Tag: currency

16 Jul
Will Bitcoin be backed by gold?

Gold and Cryptocurrency Forming a New Relationship?

A Cryptocurrency Backed By Gold? Sure Makes Sense, Doesn’t It? Cryptocurrencies like bitcoin have experienced massive rallies recently as a possible, alternative safe haven investment.  Are Gold and Cryptocurrency forming a New Relationship? Naturally, a cryptocurrency such as Bitcoin brings inherit fears of instability and raises questions from investors. This being mainly because the “currency” […]

18 Jun
interest rates up June 2017

Gold Retreats after Fed Raises Rates, but Gold Still Looks Safe Long Term

Gold Retreats after Fed Raises Rates a Quarter Point This week gold retreated from its rally following the Fed announcement Wednesday that lifted rates a quarter point. Gold still looks safe long term, however, and made back some small gains Friday as the dollar index experienced some weakening. The dollar index strengthened Wednesday following the […]

11 Jun
Gold Eagles- Bullion

Gold Is at 7 Week High on Weak Dollar Index

Gold Is at 7 Week High on Weak Dollar Index, Nearly Reaches $1300 This week, gold is at 7 week high on weak dollar index (among other driving factors). Gold prices started out the weak with a rally climbing over $1,290, however it pulled back some on Thursday and Friday. The dollar index was up […]

04 Jun
Gold legal tender in Arizona

Arizona Authorizes Gold as Legal Tender and Why the Yield Curve Matters Right Now

Arizona Authorizes Gold as Legal Tender as Alternate to Fiat Currency This fall, Arizona authorizes gold as legal tender with Governor Doug Ducey’s signing of House Bill 2014 this past week. The bill eliminates capital gains tax on gold and silver, which encourages its use as currency. Previous version of the bill passed the state […]

02 Apr
gold bar on grains

3 Things That Will Fuel Gold Rally Are Here

3 Things That Will Fuel Gold Rally There are 3 things that will fuel gold rally that are abundantly transparent in the markets already. This week, gold continued its upward climb touching above $1,250.  Take a look at what’s driving this rally. 1. Inflation Some analysts are predicting gold to soar to $1,500 soon as […]

10 Jul
Gold bars and coins stacked

Why Gold and Silver Will Be the Most Secure Currencies

Why Gold and Silver Will Be the Most Secure Currencies Many eminent investors consider gold and silver as currencies. Peter Boockvar considers precious metals an “anti-fiat money” currency. Because gold is a tangible, finite resource, its value cannot be as easily manipulated or created electronically through central banking monetary policy as fiat currencies can. Central […]

26 Jun
The Brexit Aftermath

The Brexit Aftermath

What the Brexit Vote Means for Gold, Stocks, Currencies, and Banks On Thursday, Britain voted by 51.9% majority to leave the European Union. By Friday morning, the global markets – mostly poised for a “Remain” vote – were in chaos as the Brexit spurred a massive sell-off. This is a monumental event of which the […]

Lower Gold Price Creating Demand Surge

Jim Clark 7/23/2015 [heading animation=”” type=2 border=”no” weight=”bold”]Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it. -Alan Greenspan[/heading]     This past week and the month of July for that matter has seen some major developments in […]