x
Gold price holding steady as U.S. weekly jobless claims fall to new pandemic low
The gold market is holding steady and continues to test resistance just below $1,800 an ounce even as the U.S. labor market seeing significant improvement as fewer Americans than expected apply for first-time unemployment benefits. Read More
What would it take for a return to the gold standard? Brien Lundin
Speaking to Michelle Makori, editor-in-chief of Kitco News, Lundin made the case that the U.S. dollar has, since the end of the Gold Standard in 1971, lost 85% of its value relative to the consumer price index, which he said may even be understating inflation, and that another dollar peg to gold may be what’s needed to prevent further devaluation. Read More
Kinesis has introduced Bitcoin Cash to the Kinesis Exchange
This important addition to the Kinesis Monetary system allows Kinesis users to benefit from the broadening range of carefully selected and the most sought-after currencies on the crypto market.
Bitcoin Cash (BCH) is one of the most popular cryptocurrencies available today, currently ranked among the top 15 of all cryptocurrencies, based on its market capitalization. Read More
Don't expect tapering plans at Jackson Hole, but it's coming and bond yields are heading higher - Wisdom Tree
The Federal Reserve appears to be on the cusp of a shift in its ultra-accommodative monetary policy, but according to one market analyst, investors expecting to see more details about the central bank's plan to reduce its monthly bond purchase program next week could be disappointed.
After July's solid employment report, there are growing expectations that the Federal Reserve could announce its tapering plans during its annual central banker retreat in Jackson Hole, Wyoming. However, in an interview with Kitco News, Kevin Flanagan, head of fixed income strategy at WisdomTree, said that next week could be a little too early for Fed Chair Jerome Powell to release any concrete plans. Read More
'You can't fight' the crypto wave, says CNBC's Jim Cramer
No matter what various big market players think about crypto, they can't fight the tide, said CNBC's, Jim Cramer.
Cramer's bullish crypto comments come in response to Walmart announcing that it is looking for a crypto expert.
"I thought that was incredible," Mad Money host told CNBC. "People are going to demand that [cryptocurrency] is accepted."
Cramer pointed out that the focus on potential crypto payments is on ethereum. Read More
Gold steady as bearish outside markets offset safe-haven buying
Gold prices are near unchanged in midday U.S. trading Thursday. Some safe-haven demand is featured amid keener risk aversion in the marketplace this week. However, a surging U.S. dollar index and slumping crude oil prices are keeping price gains squelched. October gold futures were last down $1.00 at $1,781.30 and September Comex silver was last down $0.172 at $23.25 an ounce. Read More
Why Palantir and Tesla are adding gold and Bitcoin to reserves - Danielle DiMartino Booth
Palantir, the data analytics software manufacturer, has recently added $50 million of gold bars to their treasury, as disclosed in the company’s latest earnings statement.
Danielle DiMartino Booth, CEO of Quill Intelligence, said that this purchase could be mirrored by other large companies. Read More
Gold and silver move higher ahead of the European open
Gold has moved 0.46% higher overnight to almost pare all of the losses suffered on Thursday. The yellow metal is now trading at $1787/oz. Silver has also moved higher during the Asia Pac session and trades at $23.0/oz. In the rest of the commodities complex, copper found support at $3.95/lb and trades above the $4/lb mark again and spot WTI trades 0.34% higher. Read More
Chinese gold reserves rise for a 15th straight year
The world economic superpower that is China has reported another year of growth in regards to its gold reserves. This now marks 15 consecutive years of growth and the total amount now stands at a staggering 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA). Read More
Gold and Siver digitized on the blockchain.
Kinesis is a revolutionary gold & silver monetary system operating on the blockchain, based 1:1 on allocated gold and silver, providing users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver.
Kinesis re-introduces physical gold and silver as currencies that integrate with today’s online banking and payment solutions.
Send gold and silver to friends, family, and business partners simply & easily, within seconds
Spend Kinesis digital currencies anywhere in the world with the Kinesis debit card.
An easy platform to buy, sell and manage your digital currency portfolio. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
