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POSTED ON January 23, 2018  - POSTED IN Key Gold Headlines

There is a lot of talk about Bitcoin versus gold, but the blockchain technology that serves as the foundation for Bitcoin may become an important part of the gold market in the future.

According to a Bloomberg report, the London Bullion Market Association (LMBA) plans to seek proposals including the use of blockchain to track gold ownership.

Markets in commodities from crude oil to diamonds and even tomatoes are looking at using the digital ledger technology that underpins cryptocurrencies like Bitcoin — known to some as ‘digital gold’ — to track ownership. Tracing gold supply is key to preventing metal that funds armed conflict from entering world markets, identifying owners and maintaining security from mine to vault.”

POSTED ON January 18, 2018  - POSTED IN Key Gold Headlines

The crypto crash earlier this week sparked a run to gold.

Regulatory concerns set off the panic. Bitcoin fell below $10,000 for a time, and other cryptocurrencies saw precipitous drops. Crypto markets appeared to have stabilized Thursday morning, with Bitcoin back up over $11,000.

The sudden plunge served as a reminder of the extreme volatility in the cryptocurrency markets. Bitcoin has seen swings of $10,000 over the last three months. As Bitcoin’s price fell through the floor this week, some investors sought out the stability and historical safe haven of gold.

POSTED ON January 17, 2018  - POSTED IN Key Gold Headlines

Bitcoin dropped below $10,000 for a short time Wednesday (Jan. 17) as a selloff sparked by increased talk of government regulation spooked the market.

POSTED ON January 12, 2018  - POSTED IN Videos

The stock market has continued its upward trajectory through the first two weeks of the new year. In fact, the market has only seen one down day since Jan. 1. Peter Schiff appeared on The Street and opened things up with a bang, calling investors “Oblivious.”

Peter reiterated a message he’s been preaching on his own podcast for weeks – despite what you see in the markets, the US economy is heading for a major crash. We’re partying like it’s 2006 – oblivious to what’s lurking right around the corner.

Peter also talked about China’s decision to cut back or end the purchase of US Treasuries, the Federal Reserve, Trump’s economy and Bitcoin during the interview. 

POSTED ON December 22, 2017  - POSTED IN Videos

In a recent interview on RT Boom Bust, Peter Schiff talked gold.

In a piece he wrote for the December issue of the World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. He said rising global income will be the primary factor pushing demand for the yellow metal upward in the next year.

Peter put a little different spin on Reade’s analysis, saying it’s not just rising incomes in places like India and China that will help boost gold. Global inflation will play a key role.

POSTED ON December 13, 2017  - POSTED IN Videos

Peter Schiff recently appeared on RT Boom Bust to talk gold and silver.

Gold has struggled over the last few weeks with a looming Federal Reserve rate hike and the specter of tax cuts on the horizon weighing precious metals down. Peter said he thinks this is something of a seasonal lull and he expects the price to bounce back in the first part of 2018.

POSTED ON December 12, 2017  - POSTED IN Key Gold Headlines

Bitcoin mania is in full force.

When I get to my desk in the morning, the first thing I do is check the latest gold news. But lately, when I google the word “gold,” I mostly get Bitcoin news. In his most recent podcast, Peter Schiff even suggested CNBC should rename its network the “Crypto News Bitcoin Network.”

Many analysts have suggested Bitcoin is replacing gold. In fact, an article on CoinTelegraph reported that some investors are actually dumping their yellow metal in favor of Bitcoin. During a recent interview on CNBC. RJO Futures’ Phillip Streible declared that “Bitcoin has stolen a large market share of gold.” There is at least some anecdotal evidence backing this up.

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