Brexit Result Makes Gold and Bitcoin Look Very Promising

If there is one thing the majority of global traders will agree upon, it is that the gold price is booming once again. Unlike what most experts assumed, though, the Brexit voting saw the UK leave the EU. Gold and other precious metals become hot commodities once again, and Bitcoin continues to do well across all markets. Looking back over the gold price throughout the past few days, the gains are evident for everyone to see. Right before the Brexit vote, the price per ounce of gold declined drastically. A low was reached on June 23rd, settling for US$1,256.71 USD … Continue reading Brexit Result Makes Gold and Bitcoin Look Very Promising

Looming Brexit Creates Opportunities For Gold Bugs

The looming Brexit voting process is affecting the gold prices all over the world as we speak. Investors are becoming more nervous than ever before. With the Brexit vote taking place in a few days, the whole world is watching how this event will unfold. Gold futures have dropped already, and the overall price for gold has lost over US$50 per ounce in the past week. The Brexit referendum is keeping the world in its grip for the time being. Whether or not the UK will leave the EU, will be revealed in roughly 48 hours from now. Until we … Continue reading Looming Brexit Creates Opportunities For Gold Bugs

Diversification Through Gold Increases Financial Odds For The Future

Consumers and enterprises all over the world are keeping a very close eye on their portfolios these days, as financial turmoil is wreaking havoc on the balance sheets. Gold has never looked more attractive than ever before, and people who do not have gold may find themselves out of money in the long run. Does Gold Equal Money For Everyone? That is one the primary questions a lot of people are asking themselves right now, as a lot of investors are flocking to precious metals once again. Gold has always had its reliable value, although prices have been fluctuating in … Continue reading Diversification Through Gold Increases Financial Odds For The Future

The Return of Gold-backed Fiat Currencies Is On The Horizon

China’s economy has been attracting a lot of attention – both positive and negative – in recent years, which has caused a fair amount of financial turmoil. There have been talks of creating a gold-backed yuan for quite some time now, although those plans have not come to fruition just yet. On the other hand, there is the China International Payment System to keep an eye on. Exciting times, or should investors be worried? The China International Payment System As the name suggests, the CIPS is a direct competitor for SWIFT in the Western world. Thanks to the country’s somewhat … Continue reading The Return of Gold-backed Fiat Currencies Is On The Horizon