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Gold had a very decent week — at one point trading just inches away from the $1,800 level as prices hit seven-week highs on weaker U.S. dollar.
Now, analysts say that a significant selloff in bitcoin could actually help gold push well above the $1,800 level next week. Here’s a look at our top three stories:
3. China cleared the way for a massive amount of gold imports into the country — 150 tonnes worth $8.5 billion. https://www.kitco.com/news/2021-04-19/China-clears-the-way-for-a-massive-amount-of-gold-imports.html
The gold will be shipped from South Africa, Switzerland, and Australia. This is very likely to help keep gold prices well supported after a disappointing first quarter.
2. Bitcoin’s dramatic selloff this week — the popular cryptocurrency was down more than 9% on Friday. The selloff intensified after the news of Biden’s proposed capital gains tax increase for wealthy Americans. https://www.kitco.com/news/2021-04-21/Is-bitcoin-losing-its-luster-JPMorgan-and-others-issue-a-warning.html
Wall Street analysts, including JPMorgan, are warning that Bitcoin’s technical charts are looking negative and that the cryptocurrency could be at risk of an even bigger selloff.
1. Can you tell me we have inflation without telling me we have inflation? One word — lumber. https://www.kitco.com/news/2021-04-22/-Tell-me-we-have-inflation-without-telling-me-we-have-inflation-Analysts-point-to-skyrocketing-real-estate-and-commodities-prices.html
Analysts are growing more skeptical of the CPI data as a reliable measure of inflation, with some preferring to rely on other ways to monitor real price pressures. And for many, inflation is already here. To help investors accurately monitor this price growth, analysts told Kitco News to follow commodities like iron ore, copper, and even grain.
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Canadian Silver Bars – Low Premiums And High Purity Make These Silver Bars An Excellent Investment
Canadian silver bars are renowned for being minted from some of the purest silver in all the world. Purity levels above .9990 are common, such as in the Royal Canadian Mint silver bars at 100 ounces that are .9999 fine silver, or 99.99% pure.Gold Buying Business In Vogue These Days
Gold buying business is in full swing these days because people are cashing upon their scrap gold instead of borrowing loans or using credit cards for quick money. Broken pieces of a gold jewelry may be scrap for a seller but they are actually precious good for a buyer.Investing In Gold And Silver In Case Of Hyperinflation
Those individuals that read the business section of the newspaper on a daily basis or watch business related news programs, may be informed as to what inflation is and how it ravages and affects countries and its people. Many may not know the exact definition or simply define it as rising prices for essential items.Price of Gold – The Glenn Beck Factor
When it comes to investing, the fundamentals were thrown out the window a long time ago. Price to earnings ratios and financial statements no longer drive the markets. Instead, prices are dictated by investor psychology; or worse yet, mass hysteria.How to Use Gold Markings to Help Sell Your Gold
With the current historic highs for the prices of precious metals, many people are looking into selling their unwanted jewelry and other items made from gold, silver and platinum. By learning about the gold markings or hallmarks as they are known in the trade, you will be better equipped to sell your gold. Like everything else, when it comes to precious metals, it is a good idea to know what you have before you try to sell it.Review of Rich Dad’s Advisors – Guide to Investing in Gold and Silver
As an avid investor in gold and silver and a past real estate investor, I thought to write this review. Read this before you read the book Rich Dad’s Advisors – Guide to Investing in Gold and Silver by Mike Maloney.It Is So Easy To Get Cash For Gold
How can one sell and get cash for gold as easy as ABC? I can share a few pointers about how easy it is, but first, I will pass on to you the factors that you ought to know. When you are about to make any transactions in terms of selling your gold jewelry, you have to be extremely careful with carrying it out, most especially if you want to be paid apt to the market’s up to date worth.Gold Investments – Will Gold Continue to Rise?
Nervous investors the world over have many questions on their minds. If there was a single question that carried more weight than many, it might be this: When considering Gold Investments – Will Gold Continue to Rise?Investing In Silver For Today’s Rocky Times
Silver remains the best and most wise investment opportunity out there today. I expect and foresee silver approaching $45/ounce in 2011 and $100/ounce within the next few years. Learn more on why your investment portfolio can’t afford to be without it.Gold Coins – A Good Or Bad Investment?
People today are practical enough with their money, and they tend to invest in many things. They invest in lot, property, stocks, jewelry, gold coins and many more. Things happen for a reason, and we do not know when we need extra money. That is why to invest something for the future is a wise decision.