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It’s been a chaotic week for the markets as cryptocurrencies, stocks, and even commodities saw massive selloffs. But one sector stood out, with gold approaching the $1,900 an ounce level.
Here’s a look at Kitco’s top three stories:
3. Bitcoin saw its biggest one-day loss since March of last year, dropping to nearly $30,000 for the first time since late January. https://www.kitco.com/news/2021-05-19/Crypto-price-collapse-Bitcoin-ethereum-see-biggest-one-day-losses-since-March-of-last-year.html
2. Gold is gearing up for a breakout above $1,900 while the crypto space, stocks, and commodities struggle. Overall, gold is up more than 6% over the last 30 days, rising $200 since its bottom of $1,680 at the end of March. https://www.kitco.com/news/2021-05-19/Stocks-commodities-crypto-plunge-as-gold-price-sets-aim-at-record-highs.html
1. The exodus from bitcoin is also helping gold. JPMorgan says that some big institutional players are ditching bitcoin for gold. https://www.kitco.com/news/2021-05-19/Reversal-of-money-flows-Big-institutional-players-exit-crypto-and-turn-to-gold-says-JPMorgan.html
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Silver Investing Shocking Secret – How it Might Exceed $400 Per Ounce in 2010
Now we all know that gold prices are breaking historical barriers. But how about Silver? Silver as an investment has ten times more potential to skyrocket in the next few months as compared to gold. In this article, I will show you how silver can exceed $400/oz in the coming few months, so read on.Online Gold Investing – Bullion Or Coins, Pick Your Investment Wisely
When you first decide to invest in gold, what is the most desirable way to make your purchase? Let’s looks at the options – at least a few to begin with. There are two main ways to buy physical gold – either by gold bullion or coins, also known as numismatics.5 More Reasons Why Silver is a Better Investment Than Oil
Estimates are that about 9 cents per gallon of gas goes to the oil companies as profit, while 51 cents per gallon goes to governments in taxes. Most of the world’s oil is nationalized, so that makes oil a very risky investment. The price of oil is simply too high, governments are stealing most of the money, and that means that silver is a much better place to put your money.Numismatic Coins Versus Bullion Coins
Collecting wealth with coins is ensured since the prices of gold and silver have continuously grown over the last decade. Numismatic coins are merely collectibles which are valued based on a lot of things such as quantity produced, rarity, condition and age.Should You Invest in Silver Using the Gold-Silver Ratio?
During bull markets in precious metals silver has almost always produced higher percentage increases than gold. While gold has doubled in some of the upward moves silver has, at times, tripled or quadrupled in price. Some savvy investors use the gold-silver ratio to help them decide when to buy. Read this article to find out more about an indicator they use to help them make their decisions.Why Buffalo Gold Coins Have Risen Above the Rest
The overall value of gold is still rising through the years, so it is really no surprise that investors now turn to gold coins instead of to American dollars when it comes to their investments. Buffalo gold coins provide beauty and sound investments that are sure to help in the future.Invest in Gold Bullion – Good Investment Advice?
Would it be good investment advice to say Buy Gold bullion as a hedge? Well first off it has to depend on the situation of the person receiving the advice. If you are struggling paying the bills, then investing in gold is not a quick way to riches.Why There is a Rapid Increase in Gold Prices?
These days every person right from childhood to old age wants to stand on own feet. This means that they don’t want to bother their parents for money in childhood and don’t want to bother their children in old age.How to Buy Gold and Make a Smart Investment Move
Gold is a wonderful investment idea and so say the returns on the investment. Gold has come to be a good investment option that helps to maximize returns and minimize the risks.Buy Gold Coins – The Best Types of Gold Coins to Buy
Gold has always held a unique fascination with people. Even if you are not a collector of gold related pieces you have still bought some at one point or another in your life. Whether you have bought gold jewelry, gold coins, or even a small bar of gold there is usually a nice upside to it.