Gold Is the Most Trusted Currency in the World and Has Been for Over 2,500 Years. However, With the Advent of Bitcoin, There Is Now a New Alternative to Dollars

by Tyler Durden Friday, Jun 30, 2023 – 04:40 PM Authored by Nick Giambruno via InternationalMan.com, International Man: For over 2,500 years, gold has been mankind’s most enduring money. However, with the emergence of Bitcoin there is a new hard money option. How do you see the two as governments worldwide continue to engage in rampant…

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Goldman On Gold: “Time To Buy The Currency Of Last Resort”

A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly like the safest haven. At the start of March, Goldman’s head of commodity strategy said there is one commodity that will be safe: gold “which – unlike people and our economies – is…

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Will COVID-19 Lead To A Gold Standard?

Even before the coronavirus sprang upon an unprepared China the credit cycle was tipping the world into recession. The coronavirus makes an existing situation immeasurably worse, shutting down China and disrupting global supply chains to the point where large swathes of global production simply cease. The crisis is likely to be a wake-up call for complacent…

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“Extreme Greed” Trigger’d – Gold, Bonds, & Stocks Rally As Dollar Dives

Thanks to a melt-up today, US equities (apart from Trannies) ended the week higher… But today’s gains were farcically driven by a full-court press of jawboning (5 Fed Speakers, Mnuchin, and Kudlow) to open the US equity markets… 0830ET Jobs Beat – Dow +100 0915ET Fed’s Kashkari dovish: “we’re not at maximum employment.. in free lunch zone” – Dow…

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