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With bitcoin still holding investors attention this year, is gold falling behind? Many analysts say that gold’s price action is being hurt by all the money going into cryptos. But how high would gold really be if not for bitcoin? Here’s a look at our top three stories from this week:
3. Bloomberg Intelligence released its own analysis, stating that gold would be much closer to $2,300 right now if it were not for bitcoin. https://www.kitco.com/news/2021-04-29/Gold-price-at-2-300-if-not-for-bitcoin-Bloomberg-Intelligence.html
In order to get to this number Bloomberg Intelligence looked at copper, the 10-year Treasury yields and gold. “Gold would be closer to $2,300 an ounce instead of about $1,780, to match the 10-year relationship between the copper/gold ratio and bonds,” the report said.
2. Russia has accelerated its de-dollarization policy, choosing to settle exports in euro over the U.S. dollar. For the first time ever the share of Russian exports sold in U.S. dollars has fallen below 50% in the fourth quarter of last year. https://www.kitco.com/news/2021-04-27/Russia-accelerates-its-de-dollarization-policy-chooses-to-settle-exports-in-euro-over-dollar.html
And the euro is the one benefiting from this shift, with the share of euro transactions rising, especially when it comes to Russian’s trade with China.
1. As gold continues its attempt to breach the $1,800 level, a former JP Morgan managing director told Kitco News that the precious metal could see a big move up soon. https://www.kitco.com/news/2021-04-26/-We-are-sitting-on-economic-cliff-Gold-price-will-be-well-north-of-2-000-this-year-ex-JP-Morgan-MD.html
Gold will be around $2,200 this year because inflation is already here and the world is sitting on an economic cliff. This makes assets like gold, silver, and bitcoin very popular with investors, according to the former JP Morgan managing director Jon Deane.
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Sell Gold And Join In The Gold Rush
If you have large amounts of unwanted gold just lying around the house, you are in luck. This no longer has to stay there for another fifty years just wasting away because it is never worn due to the fact it just doesn’t look fashionable any more or it is broken in some way and you never managed to get it fixed. Just send it in to start afresh and you will be duly compensated for the amount that you send in. You will be truly delighted with the cash figure that you receive.Selling Gold Jewellery – Exchange Yours For Huge Sums Of Cash
Clear out your jewellery box and trade it all in for a huge lump of money. Anything you can think of that may be lying around which you have never considered could help you come into some money is more than likely something that the website is likely to buy from you. Not only will they take your gold off you, you will in return receive money that you didn’t even think it was worth. The payments for your gold are very generous indeed.Gold For Scrap? Don’t Just Give It Away
The good news for us is that those of you who have gold or unwanted jewellery in your cupboard space at home, cluttering up all of the space that you have, can now sell it on to companies whose objective is to take it off your hands in exchange for a cash deposit. Ranging from body jewellery to almost anything you may find somewhere in the home that is made from gold can be exchanged for cash. This is a great way to make more room in your drawers and cupboards, and also a great way to earn fast cash.The State of Gold Markets
Although historically, gold was seen as a safe asset for much of the post-Bretton Woods era, it had a rather lackluster performance compared with the growing stock markets, booming real estate prices and hard-charging new derivatives. However, over the past three years, gold has re-emerged as a safe haven for investors. The memories of the economic debacle, seared in the minds of investors, are very likely to preserve a place for gold-backed assets in the foreseeable future.An Introduction To Gold Trading
The questions “Why invest in gold?” and “How to invest in gold?” get asked often, especially in recent times when gold prices have sky rocketed abruptly. Many are keen to find out how to profit from gold investments. This article provides an introduction to gold trading by answering those questions.Fed Up With That Old Gold Hanging Around In Your Jewellery Box? Convert It To Cash Now
Do not just leave your unwanted jewellery and gold laying around being utterly useless. You may have found that it is now out of date, or simply you just dislike any of it. Well, instead of throwing it out or giving it to the kids to play with, only for it to probably get lost, why not sell it? There is no point in sending it to the local pawnshop, as you will probably get undercut and not receive what the gold is truly worth. We evaluate the gold that you send into us and you will be surprised at how much your gold is worth.Best Tips on Gold Commodity Trading
It is evident now that all the current interests in the world today revolve around the gold commodity trading. As a result of the popularity garnered, many pieces of advices have come up with even the novice claiming to be experts in the field. The gold values change constantly and to elude the problems associated with this, one needs to get well versed with a few major tips in the trade.Keeping Part Of Your Savings In Gold
While it is true that the unprecedented production of consumer goods has driven us to an equally unprecedented consumerist behavior, it is not less true that any habit can be broken when the economic conditions determining it are changing. And this is what we are witnessing in the present economic recession provoked mainly by the financial crisis following the mortgage credit defaults.Who Is Buying Gold These Days?
Gold is one of the most popular precious metal and aside from being a coinage metal it always served as a symbol of prosperity representing control and power for those who own it. The glittering metal was always sought after as it is a rare and beautiful metal. Many years ago first gold was a monetary unit used on the financial market but was set aside as economy developed and paper money was introduced.Investor’s Appetite For Gold
At first sight, one could describe the last 2 years as a paradox. While jewelry sales have gone down dramatically, the appetite for gold has touched historical peaks. But on a closer look at the buyers’ profile, this apparent conflict is explained: gold, as a commodity, has been the indisputable star among stock traders.