Bitcoin warning, can gold use this to its advantage?

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

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Gold Buying Business In Vogue These Days

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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.

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Review of Rich Dad’s Advisors – Guide to Investing in Gold and Silver

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It Is So Easy To Get Cash For Gold

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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.