@digitalgoldcoin
52GOLD Ethereum-based ERC20 token is a convenient and instant way to store, buy, sell or transfer investment grade gold.
steemit.com/@digitalgoldcoinVOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS57.98%
Net Worth
5.167USD
STEEM
41.186STEEM
SBD
1.943SBD
Own SP
36.698SP
Detailed Balance
| STEEM | ||
| balance | 41.186STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 36.698SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 0.000SP | SP |
| Effective Power | 36.698SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 1.943SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"balance": "41.186 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "59760.212078 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"sbd_balance": "1.943 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.000 SBD",
"conversions": []
}Account Info
| name | digitalgoldcoin |
| id | 1329452 |
| rank | 56,807 |
| reputation | 898075855381 |
| created | 2019-10-18T06:17:18 |
| recovery_account | oracle-d |
| proxy | None |
| post_count | 500 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2024-12-13T08:25:12 |
| last_root_post | 2024-12-13T08:25:12 |
| last_vote_time | 2021-01-11T16:00:33 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 41.186 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 1.943 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 59760.212078 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 0.000000 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2020-02-04T07:04:18 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 2024-12-13T08:26:24 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
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"memo_key": "STM5zkf3TSKfh6tVm3dPx8vxkDXmqNT6UQWY4pYg171CXTupTo26b",
"json_metadata": "{\"app\":{\"host\":\"widget.steem.ninja\",\"about\":\"Steem.Ninja is a Steem account creation services provided by Oracle-D Communities Limited.\",\"website\":\"https://steem.ninja\",\"blog\":\"https://steemit.com/@steem.ninja\"},\"profile\":{\"about\":\"GOLD Ethereum-based ERC20 token is a convenient and instant way to store, buy, sell or transfer investment grade gold.\",\"cover_image\":\"https://cdn.steemitimages.com/DQmcTFJ9mgLq6rZQBTw9pbRfxDf4jPS6WKTCADhVyJfw6TY/1500x2.png\",\"profile_image\":\"https://cdn.steemitimages.com/DQmfZoQAMS6qkVgaEDvNdo27p7dqcFRgWCStm11shZDgM1J/AVA-3.jpg\",\"name\":\"Digital Gold\",\"website\":\"https://gold.storage\"}}",
"posting_json_metadata": "",
"proxy": "",
"last_owner_update": "1970-01-01T00:00:00",
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"mined": false,
"recovery_account": "oracle-d",
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"reset_account": "null",
"comment_count": 0,
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"last_update_time": 1734078384
},
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"last_update_time": 1734078384
},
"voting_power": 0,
"balance": "41.186 STEEM",
"savings_balance": "0.000 STEEM",
"sbd_balance": "1.943 SBD",
"sbd_seconds": "0",
"sbd_seconds_last_update": "2024-12-13T08:26:24",
"sbd_last_interest_payment": "2024-12-13T08:26:24",
"savings_sbd_balance": "0.000 SBD",
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"reward_steem_balance": "0.000 STEEM",
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"vesting_shares": "59760.212078 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"withdrawn": 0,
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"curation_rewards": 0,
"posting_rewards": 30972,
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"witnesses_voted_for": 0,
"last_post": "2024-12-13T08:25:12",
"last_root_post": "2024-12-13T08:25:12",
"last_vote_time": "2021-01-11T16:00:33",
"post_bandwidth": 0,
"pending_claimed_accounts": 0,
"vesting_balance": "0.000 STEEM",
"reputation": "898075855381",
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"tags_usage": [],
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"rank": 56807
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
digitalgoldcoinclaimed reward balance: 1.583 STEEM, 0.266 SBD, 2.461 SP2024/12/13 08:26:24
digitalgoldcoinclaimed reward balance: 1.583 STEEM, 0.266 SBD, 2.461 SP
2024/12/13 08:26:24
| account | digitalgoldcoin |
| reward steem | 1.583 STEEM |
| reward sbd | 0.266 SBD |
| reward vests | 4006.954581 VESTS |
| Transaction Info | Block #91189640/Trx b65429c7cec5a2ea866d513e8e07d03907b8b3ea |
View Raw JSON Data
{
"trx_id": "b65429c7cec5a2ea866d513e8e07d03907b8b3ea",
"block": 91189640,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-12-13T08:26:24",
"op": [
"claim_reward_balance",
{
"account": "digitalgoldcoin",
"reward_steem": "1.583 STEEM",
"reward_sbd": "0.266 SBD",
"reward_vests": "4006.954581 VESTS"
}
]
}digitalgoldcoinpublished a new post: official-message-from-the-digital-gold-team2024/12/13 08:25:12
digitalgoldcoinpublished a new post: official-message-from-the-digital-gold-team
2024/12/13 08:25:12
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | official-message-from-the-digital-gold-team |
| title | Official message from the Digital Gold team |
| body | We regret to inform you that the Digital Gold marketplace will cease operations. This was not an easy decision to make, but it is the result of a comprehensive analysis of the current situation and the prospects for further development. We are proud of what we have achieved with this project and would like to thank everyone who took an active part in its realization. The marketplace will be operational until 30 January 2025. We will provide full support until then. Please exchange your existing GOLD tokens for BTC or ETH through our marketplace until 30th January 2025. |
| json metadata | {"tags":["gold"],"app":"steemit/0.2","format":"markdown"} |
| Transaction Info | Block #91189616/Trx 5815ad57fe052c9f117a3206c330eb771709bee1 |
View Raw JSON Data
{
"trx_id": "5815ad57fe052c9f117a3206c330eb771709bee1",
"block": 91189616,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-12-13T08:25:12",
"op": [
"comment",
{
"parent_author": "",
"parent_permlink": "gold",
"author": "digitalgoldcoin",
"permlink": "official-message-from-the-digital-gold-team",
"title": "Official message from the Digital Gold team",
"body": "We regret to inform you that the Digital Gold marketplace will cease operations. This was not an easy decision to make, but it is the result of a comprehensive analysis of the current situation and the prospects for further development.\n\nWe are proud of what we have achieved with this project and would like to thank everyone who took an active part in its realization. \n\nThe marketplace will be operational until 30 January 2025. We will provide full support until then.\n\nPlease exchange your existing GOLD tokens for BTC or ETH through our marketplace until 30th January 2025.",
"json_metadata": "{\"tags\":[\"gold\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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]
}digitalgoldcoinpublished a new post: the-impact-of-the-us-presidential-election-on-the-price-of-gold2024/10/15 13:02:21
digitalgoldcoinpublished a new post: the-impact-of-the-us-presidential-election-on-the-price-of-gold
2024/10/15 13:02:21
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | the-impact-of-the-us-presidential-election-on-the-price-of-gold |
| title | The impact of the US presidential election on the price of gold |
| body | Both Kamala Harris and Donald Trump are proposing policies that could weaken the US dollar and boost gold. While their approaches differ, the overall trend points to a continued weakening of the dollar and a rise in gold prices over the next 12 months. **Kamala Harris: fiscal policy and energy** Kamala Harris advocates raising taxes on the wealthy, including a tax on capital gains and unrealised income. This could reduce investment and slow economic growth, weakening the dollar. These measures would also complicate the tax code, placing additional burdens on businesses and government resources.  Taxes often change behavior. History shows that taxes on wealth lead to capital flight and lower government revenues. While such initiatives may be popular with voters, their negative impact on the economy is clear. The higher the taxes on the wealthy, the greater the likelihood of capital flight. In addition, Harris supports increased spending on renewable energy, which could make it more difficult to obtain permits for oil and gas extraction. This could lead to higher energy prices, increasing the risk of energy shortages and weakening the US economy. **Trump: Taxes and tariffs** In contrast, Donald Trump promises to cut taxes, which could theoretically boost the economy. However, the lack of plans to cut government spending would lead to an increase in the national debt. Higher interest rates to service the debt would have a negative impact on the economy and the dollar. Another key aspect of Trump's policy is the introduction of tariffs on imports. Trump is proposing high tariffs on Chinese goods and threatening tariffs on other countries. This could drive up the cost of imported goods, raising the cost of living in the US and worsening international trade relations. The imposition of tariffs would also lead to retaliation from other countries, reducing exports and profits for US companies and further isolating the US economy on the global stage. **Overall impact on the dollar and gold** Both candidates' policies are likely to weaken the dollar. For Harris, this would be through higher taxes and increased government spending, while for Trump it would be through tariffs and trade wars. As a result, we are likely to see increased safe-haven demand for gold, pushing up its price. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
| json metadata | {"tags":["gold","trading","markets","banks","trump"],"image":["https://cdn.steemitimages.com/DQmNZn3Crc8uQ3gVvdVxF9oyvD37dMMLJ12G6TzuQ2sshVr/image.png"],"links":["https://gold.storage/","https://gold.storage/wp.pdf","https://t.me/digitalgoldcoin","https://steemit.com/@digitalgoldcoin","https://www.reddit.com/r/golderc20/"],"app":"steemit/0.2","format":"markdown"} |
| Transaction Info | Block #89500924/Trx 136768313dabf517f80f53626b417c891f733c16 |
View Raw JSON Data
{
"trx_id": "136768313dabf517f80f53626b417c891f733c16",
"block": 89500924,
"trx_in_block": 5,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-10-15T13:02:21",
"op": [
"comment",
{
"parent_author": "",
"parent_permlink": "gold",
"author": "digitalgoldcoin",
"permlink": "the-impact-of-the-us-presidential-election-on-the-price-of-gold",
"title": "The impact of the US presidential election on the price of gold",
"body": "Both Kamala Harris and Donald Trump are proposing policies that could weaken the US dollar and boost gold. While their approaches differ, the overall trend points to a continued weakening of the dollar and a rise in gold prices over the next 12 months.\n\n**Kamala Harris: fiscal policy and energy**\n\nKamala Harris advocates raising taxes on the wealthy, including a tax on capital gains and unrealised income. This could reduce investment and slow economic growth, weakening the dollar. These measures would also complicate the tax code, placing additional burdens on businesses and government resources.\n\n\n\n\n\nTaxes often change behavior. History shows that taxes on wealth lead to capital flight and lower government revenues. While such initiatives may be popular with voters, their negative impact on the economy is clear. The higher the taxes on the wealthy, the greater the likelihood of capital flight.\n\nIn addition, Harris supports increased spending on renewable energy, which could make it more difficult to obtain permits for oil and gas extraction. This could lead to higher energy prices, increasing the risk of energy shortages and weakening the US economy.\n\n**Trump: Taxes and tariffs**\n\nIn contrast, Donald Trump promises to cut taxes, which could theoretically boost the economy. However, the lack of plans to cut government spending would lead to an increase in the national debt. Higher interest rates to service the debt would have a negative impact on the economy and the dollar.\n\nAnother key aspect of Trump's policy is the introduction of tariffs on imports. Trump is proposing high tariffs on Chinese goods and threatening tariffs on other countries. This could drive up the cost of imported goods, raising the cost of living in the US and worsening international trade relations.\n\nThe imposition of tariffs would also lead to retaliation from other countries, reducing exports and profits for US companies and further isolating the US economy on the global stage.\n\n**Overall impact on the dollar and gold**\nBoth candidates' policies are likely to weaken the dollar. For Harris, this would be through higher taxes and increased government spending, while for Trump it would be through tariffs and trade wars. As a result, we are likely to see increased safe-haven demand for gold, pushing up its price.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"gold\",\"trading\",\"markets\",\"banks\",\"trump\"],\"image\":[\"https://cdn.steemitimages.com/DQmNZn3Crc8uQ3gVvdVxF9oyvD37dMMLJ12G6TzuQ2sshVr/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoincustom json: notify2024/10/15 11:20:18
digitalgoldcoincustom json: notify
2024/10/15 11:20:18
| required auths | [] |
| required posting auths | ["digitalgoldcoin"] |
| id | notify |
| json | ["setLastRead",{"date":"2024-10-15T11:20:16"}] |
| Transaction Info | Block #89498905/Trx b68e2313fc88a62339ae86bfb8fcb62a8d62b46f |
View Raw JSON Data
{
"trx_id": "b68e2313fc88a62339ae86bfb8fcb62a8d62b46f",
"block": 89498905,
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}digitalgoldcoinpublished a new post: 10-countries-with-the-largest-gold-reserves2024/10/12 11:25:42
digitalgoldcoinpublished a new post: 10-countries-with-the-largest-gold-reserves
2024/10/12 11:25:42
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | 10-countries-with-the-largest-gold-reserves |
| title | 10 countries with the largest gold reserves |
| body | Gold remains an important part of most countries' foreign exchange reserves. It serves as a reliable store of value. Central banks are actively managing their gold holdings to diversify reserves and enhance financial stability. This strategy reflects the growing uncertainty in global markets and the desire of countries to reduce their dependence on fiat currencies, especially the US dollar.  In this article, we provide data on the 10 countries with the largest gold reserves. As well as their percentage of total foreign exchange reserves. 1.USA: 8133.5 tons, 75.8% 2.Germany: 3362.4 tons, 71.4% 3.Italy: 2451.8 tons, 68.4% 4.France: 2436 tons, 64.8% 5.Russia: 2298.5 tons, 31% 6.China: 1948.3 tons, 3.3% 7.Switzerland: 1040 tons, 6.5% 8.Japan: 765.2 tons, 3.1% 9.India: 676.6 tons, 7.5% 10.Netherlands: 612.5 tons, 64.2% Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
| json metadata | {"tags":["gold","trading","markets","reserves","banks"],"image":["https://cdn.steemitimages.com/DQmSXDDYmiTuMU9DCaVAMT4yFHV2wUj5SNpXF3pQeonqaEt/image.png"],"links":["https://gold.storage/","https://gold.storage/wp.pdf","https://t.me/digitalgoldcoin","https://steemit.com/@digitalgoldcoin","https://www.reddit.com/r/golderc20/"],"app":"steemit/0.2","format":"markdown"} |
| Transaction Info | Block #89413283/Trx 9d7e0df4cb0ff9710633c53e3ab1409f79ef66f7 |
View Raw JSON Data
{
"trx_id": "9d7e0df4cb0ff9710633c53e3ab1409f79ef66f7",
"block": 89413283,
"trx_in_block": 1,
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"timestamp": "2024-10-12T11:25:42",
"op": [
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"parent_author": "",
"parent_permlink": "gold",
"author": "digitalgoldcoin",
"permlink": "10-countries-with-the-largest-gold-reserves",
"title": "10 countries with the largest gold reserves",
"body": "Gold remains an important part of most countries' foreign exchange reserves. It serves as a reliable store of value. Central banks are actively managing their gold holdings to diversify reserves and enhance financial stability. This strategy reflects the growing uncertainty in global markets and the desire of countries to reduce their dependence on fiat currencies, especially the US dollar. \n\n\n\n\nIn this article, we provide data on the 10 countries with the largest gold reserves. As well as their percentage of total foreign exchange reserves.\n\n1.USA: 8133.5 tons, 75.8%\n\n2.Germany: 3362.4 tons, 71.4%\n\n3.Italy: 2451.8 tons, 68.4%\n\n4.France: 2436 tons, 64.8%\n\n5.Russia: 2298.5 tons, 31%\n\n6.China: 1948.3 tons, 3.3%\n\n7.Switzerland: 1040 tons, 6.5%\n\n8.Japan: 765.2 tons, 3.1%\n\n9.India: 676.6 tons, 7.5%\n\n10.Netherlands: 612.5 tons, 64.2%\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"gold\",\"trading\",\"markets\",\"reserves\",\"banks\"],\"image\":[\"https://cdn.steemitimages.com/DQmSXDDYmiTuMU9DCaVAMT4yFHV2wUj5SNpXF3pQeonqaEt/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinreceived 0.281 STEEM, 0.295 SP author reward for @digitalgoldcoin / blackrock-is-betting-on-bitcoin2024/10/02 21:07:03
digitalgoldcoinreceived 0.281 STEEM, 0.295 SP author reward for @digitalgoldcoin / blackrock-is-betting-on-bitcoin
2024/10/02 21:07:03
| author | digitalgoldcoin |
| permlink | blackrock-is-betting-on-bitcoin |
| sbd payout | 0.000 SBD |
| steem payout | 0.281 STEEM |
| vesting payout | 479.614594 VESTS |
| Transaction Info | Block #89138414/Virtual Operation #4 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 89138414,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 4,
"timestamp": "2024-10-02T21:07:03",
"op": [
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{
"author": "digitalgoldcoin",
"permlink": "blackrock-is-betting-on-bitcoin",
"sbd_payout": "0.000 SBD",
"steem_payout": "0.281 STEEM",
"vesting_payout": "479.614594 VESTS"
}
]
}bitcoinfloodupvoted (100.00%) @digitalgoldcoin / blackrock-is-betting-on-bitcoin2024/10/01 15:39:54
bitcoinfloodupvoted (100.00%) @digitalgoldcoin / blackrock-is-betting-on-bitcoin
2024/10/01 15:39:54
| voter | bitcoinflood |
| author | digitalgoldcoin |
| permlink | blackrock-is-betting-on-bitcoin |
| weight | 10000 (100.00%) |
| Transaction Info | Block #89103198/Trx 69016d70370b0181d754d7feeacf7b9ae315e4e3 |
View Raw JSON Data
{
"trx_id": "69016d70370b0181d754d7feeacf7b9ae315e4e3",
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"timestamp": "2024-10-01T15:39:54",
"op": [
"vote",
{
"voter": "bitcoinflood",
"author": "digitalgoldcoin",
"permlink": "blackrock-is-betting-on-bitcoin",
"weight": 10000
}
]
}digitalgoldcoinpublished a new post: is-usd3500-the-new-target-for-gold2024/09/30 17:58:30
digitalgoldcoinpublished a new post: is-usd3500-the-new-target-for-gold
2024/09/30 17:58:30
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | is-usd3500-the-new-target-for-gold |
| title | Is $3500 the new target for gold? |
| body | A few months ago we wrote in our blog that investors should consider $3,000 as an achievable price for gold this year. At the time, this seemed far-fetched and none of the experts were making similar predictions. But things have changed a lot since then. Now most analysts and experts are predicting that gold will eventually reach that level. And why not? After all, it is only about 15% away from the $3,000 mark.  Once again, we will be the first! None of these experts are yet talking about the next price level - $3,500 per troy ounce. Is that unrealistic? Yes, it looks fantastic... just like our previous forecast a few months ago. What are the reasons for this? The question can be broken down into two parts: Let's assume that nothing significant changes in the world. Governments continue to print money, the war in Ukraine drags on, and either Biden or Trump wins the election, etc. In this scenario, the uptrend continues. There is no sign of a slowdown. The reasons for this growth have been discussed in detail in our blog. But the situation could take a completely different turn, and there are many possibilities that almost no one is considering. We won't dwell on the possibility of military escalation in the Middle East or Ukraine. Anything can happen in either part of the world. Instead, let's look at another seemingly fantastic scenario: the problem of the US national debt. It continues to grow rapidly, and servicing it (paying interest) is becoming increasingly expensive for the US budget. At some point, this situation could spiral out of control, leading to a devaluation of the US dollar. This wouldn't be the usual 10-30% move against the euro, British pound or Japanese yen. We're talking about a devaluation that would drastically erode the value of dollar-denominated debt. This outcome would be in the interest of the US government. Gold at $3,500? Absolutely not! In this case, $3,500 would be a dream scenario in the opposite sense. Investors will want to buy gold at that price, but who would sell it? With the devaluation of all dollar-based assets, the price of gold could soar. Resistance levels would disappear. The world is changing rapidly. More and more events are happening that were unthinkable not so long ago. It's important to look beyond what the experts are saying - experts who are often stuck in yesterday's reality. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Is $3500 the new target for gold?",
"body": "A few months ago we wrote in our blog that investors should consider $3,000 as an achievable price for gold this year. At the time, this seemed far-fetched and none of the experts were making similar predictions.\n\nBut things have changed a lot since then. Now most analysts and experts are predicting that gold will eventually reach that level. And why not? After all, it is only about 15% away from the $3,000 mark.\n\n\n\n\n\n\n\nOnce again, we will be the first! None of these experts are yet talking about the next price level - $3,500 per troy ounce. Is that unrealistic? Yes, it looks fantastic... just like our previous forecast a few months ago.\n\nWhat are the reasons for this? The question can be broken down into two parts:\n\nLet's assume that nothing significant changes in the world. Governments continue to print money, the war in Ukraine drags on, and either Biden or Trump wins the election, etc.\n\nIn this scenario, the uptrend continues. There is no sign of a slowdown. The reasons for this growth have been discussed in detail in our blog.\n\nBut the situation could take a completely different turn, and there are many possibilities that almost no one is considering.\n\nWe won't dwell on the possibility of military escalation in the Middle East or Ukraine. Anything can happen in either part of the world.\n\nInstead, let's look at another seemingly fantastic scenario: the problem of the US national debt. It continues to grow rapidly, and servicing it (paying interest) is becoming increasingly expensive for the US budget.\n\nAt some point, this situation could spiral out of control, leading to a devaluation of the US dollar. This wouldn't be the usual 10-30% move against the euro, British pound or Japanese yen. We're talking about a devaluation that would drastically erode the value of dollar-denominated debt. This outcome would be in the interest of the US government.\n\nGold at $3,500? Absolutely not! In this case, $3,500 would be a dream scenario in the opposite sense. Investors will want to buy gold at that price, but who would sell it? With the devaluation of all dollar-based assets, the price of gold could soar. Resistance levels would disappear.\n\nThe world is changing rapidly. More and more events are happening that were unthinkable not so long ago. It's important to look beyond what the experts are saying - experts who are often stuck in yesterday's reality.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}me-tarzanupvoted (21.00%) @digitalgoldcoin / blackrock-is-betting-on-bitcoin2024/09/25 21:19:33
me-tarzanupvoted (21.00%) @digitalgoldcoin / blackrock-is-betting-on-bitcoin
2024/09/25 21:19:33
| voter | me-tarzan |
| author | digitalgoldcoin |
| permlink | blackrock-is-betting-on-bitcoin |
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}digitalgoldcoinpublished a new post: blackrock-is-betting-on-bitcoin2024/09/25 21:07:03
digitalgoldcoinpublished a new post: blackrock-is-betting-on-bitcoin
2024/09/25 21:07:03
| parent author | |
| parent permlink | bircoin |
| author | digitalgoldcoin |
| permlink | blackrock-is-betting-on-bitcoin |
| title | Blackrock is betting on bitcoin |
| body | BlackRock, the world’s largest investment firm by assets under management, has highlighted Bitcoin as one of the most effective tools for diversifying an investment portfolio. "In our view, Bitcoin’s intrinsic characteristics—as a global, decentralized, non-sovereign asset with a fixed supply—provide it with a unique risk-return profile that is fundamentally uncorrelated with traditional assets."  This perspective pertains to long-term trends, though it's important to note that initial market reactions to sudden events may exhibit similarities. For instance, on August 5th, both the S&P 500 and Bitcoin experienced concurrent declines in response to actions taken by the Bank of Japan. This correlation can be attributed to Bitcoin’s high liquidity and its predictable response to external negative catalysts. However, the subsequent rebound underscored the reassertion of dominant factors, and over an extended timeframe, Bitcoin’s correlation with the U.S. equities market remains minimal. The low correlation with traditional assets stems from Bitcoin’s decentralized nature and its finite supply cap of 21 million coins. This positions Bitcoin as a hedge against systemic banking crises, geopolitical shocks, and various political and fundamental risks, which explains why some investors view it as a potential safe-haven asset. Institutional investors are increasingly drawn to Bitcoin, especially in light of growing uncertainties surrounding the U.S. economic landscape and the weakening of the U.S. dollar. The rising budget deficit and national debt levels are exerting strain on the economy, which is expected to negatively impact a broad spectrum of traditional financial assets. As previously noted, Bitcoin’s low correlation with traditional assets makes its inclusion in a portfolio an effective strategy for enhancing overall performance, even after accounting for risk. Over a 10-year period, Bitcoin has delivered annual returns exceeding 100%, despite experiencing significant drawdowns during crisis periods. While Bitcoin remains highly volatile, with an immature ecosystem and numerous regulatory uncertainties, these risks are distinct and not characteristic of traditional asset classes. Consequently, a moderate allocation to Bitcoin in a long-term investment portfolio can serve as a valuable tool for risk diversification and for boosting overall returns. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "BlackRock, the world’s largest investment firm by assets under management, has highlighted Bitcoin as one of the most effective tools for diversifying an investment portfolio.\n\n\"In our view, Bitcoin’s intrinsic characteristics—as a global, decentralized, non-sovereign asset with a fixed supply—provide it with a unique risk-return profile that is fundamentally uncorrelated with traditional assets.\"\n\n\n\n\n\nThis perspective pertains to long-term trends, though it's important to note that initial market reactions to sudden events may exhibit similarities. For instance, on August 5th, both the S&P 500 and Bitcoin experienced concurrent declines in response to actions taken by the Bank of Japan. This correlation can be attributed to Bitcoin’s high liquidity and its predictable response to external negative catalysts. However, the subsequent rebound underscored the reassertion of dominant factors, and over an extended timeframe, Bitcoin’s correlation with the U.S. equities market remains minimal.\n\nThe low correlation with traditional assets stems from Bitcoin’s decentralized nature and its finite supply cap of 21 million coins. This positions Bitcoin as a hedge against systemic banking crises, geopolitical shocks, and various political and fundamental risks, which explains why some investors view it as a potential safe-haven asset.\n\nInstitutional investors are increasingly drawn to Bitcoin, especially in light of growing uncertainties surrounding the U.S. economic landscape and the weakening of the U.S. dollar. The rising budget deficit and national debt levels are exerting strain on the economy, which is expected to negatively impact a broad spectrum of traditional financial assets.\n\nAs previously noted, Bitcoin’s low correlation with traditional assets makes its inclusion in a portfolio an effective strategy for enhancing overall performance, even after accounting for risk. Over a 10-year period, Bitcoin has delivered annual returns exceeding 100%, despite experiencing significant drawdowns during crisis periods.\n\nWhile Bitcoin remains highly volatile, with an immature ecosystem and numerous regulatory uncertainties, these risks are distinct and not characteristic of traditional asset classes. Consequently, a moderate allocation to Bitcoin in a long-term investment portfolio can serve as a valuable tool for risk diversification and for boosting overall returns.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: will-gold-go-up-further2024/09/18 12:08:21
digitalgoldcoinpublished a new post: will-gold-go-up-further
2024/09/18 12:08:21
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | will-gold-go-up-further |
| title | Will gold go up further? |
| body | On September 13, gold prices exceeded $2,600 for the first time in history: on the Chicago Mercantile Exchange (CME), quotes for the December futures contract rose by 0.79%, reaching $2,600.9 per troy ounce. Since the beginning of the year, driven by growing expectations of an imminent cycle of rate cuts by the Federal Reserve, the price of the main precious metal has already increased by more than 23%.  A second driver of the gold market rally is the increasing demand from global central banks. According to the Gold Return Attribution Model (GRAM), gold has risen due to a significant drop in the US dollar and, to a lesser extent, due to the decrease in yields on 10-year Treasury bonds, as the Federal Reserve hinted that the time for rate cuts had come. It is also worth noting that in August, India's import duty on gold was significantly reduced, following a change at the end of July, which spurred a revival in gold demand in the country. There is speculation that this reduction led to strong buying interest from jewelry retailers and consumers. Outlook The current macroeconomic situation is difficult to assess due to the flow of conflicting economic data. The results of the upcoming US elections are adding significant uncertainty, likely leading to more investors expressing their views through the options markets. Globally, the top-line data still looks quite good. GDP growth is at 2.5%, and composite PMI indices remain positive. However, the services sector, which accounts for the majority of output, supports these figures, masking the fact that manufacturing remains in some decline, particularly in Europe and China. A soft landing for the US economy still appears to be the most likely scenario, especially considering that Federal Reserve Chairman Jerome Powell, in his annual speech at Jackson Hole, laid the groundwork for a series of rate cuts. It's only speculation how broader macroeconomic data might affect market reactions, but it seems likely that both the dynamics of the US elections and expectations of Fed rate cuts have increased activity in the gold market. Under such circumstances, it is reasonable that investors are more focused on short-term prospects. Their behavior suggests they view gold as the primary hedge asset against immediate event risks, while also positioning it as a beneficiary of lower interest rates. Outside the US, the ongoing slowdown in China is likely to impact consumers' ability and willingness to buy gold—especially when it comes to jewelry. But even Chinese gold ETFs faced outflows last month, unlike the growing demand for Indian ETFs and the much-anticipated return of inflows into Western ETFs. Nonetheless, most market participants expect further growth in gold prices. For example, analysts at Goldman Sachs (NYSE: GS) expect gold to rise to $2,700 by the end of this year, while strategists at Bank of America (NYSE: BAC) predict gold prices could reach $3,000 per ounce. In their view, the price of the precious metal could reach this level within the next 12–18 months. This could happen if US interest rates decline and demand from large institutional investors increases. In the short term, the target for price growth now seems to be the $2,640–2,660 range, although an unexpected obstacle could be the start of profit-taking after years of growth, which has been supported by expectations of a Fed rate cut. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "On September 13, gold prices exceeded $2,600 for the first time in history: on the Chicago Mercantile Exchange (CME), quotes for the December futures contract rose by 0.79%, reaching $2,600.9 per troy ounce. Since the beginning of the year, driven by growing expectations of an imminent cycle of rate cuts by the Federal Reserve, the price of the main precious metal has already increased by more than 23%.\n\n\n\n\nA second driver of the gold market rally is the increasing demand from global central banks. According to the Gold Return Attribution Model (GRAM), gold has risen due to a significant drop in the US dollar and, to a lesser extent, due to the decrease in yields on 10-year Treasury bonds, as the Federal Reserve hinted that the time for rate cuts had come.\n\nIt is also worth noting that in August, India's import duty on gold was significantly reduced, following a change at the end of July, which spurred a revival in gold demand in the country. There is speculation that this reduction led to strong buying interest from jewelry retailers and consumers.\n\nOutlook\n\nThe current macroeconomic situation is difficult to assess due to the flow of conflicting economic data. The results of the upcoming US elections are adding significant uncertainty, likely leading to more investors expressing their views through the options markets.\n\nGlobally, the top-line data still looks quite good. GDP growth is at 2.5%, and composite PMI indices remain positive. However, the services sector, which accounts for the majority of output, supports these figures, masking the fact that manufacturing remains in some decline, particularly in Europe and China.\n\nA soft landing for the US economy still appears to be the most likely scenario, especially considering that Federal Reserve Chairman Jerome Powell, in his annual speech at Jackson Hole, laid the groundwork for a series of rate cuts.\n\nIt's only speculation how broader macroeconomic data might affect market reactions, but it seems likely that both the dynamics of the US elections and expectations of Fed rate cuts have increased activity in the gold market. Under such circumstances, it is reasonable that investors are more focused on short-term prospects. Their behavior suggests they view gold as the primary hedge asset against immediate event risks, while also positioning it as a beneficiary of lower interest rates.\n\nOutside the US, the ongoing slowdown in China is likely to impact consumers' ability and willingness to buy gold—especially when it comes to jewelry. But even Chinese gold ETFs faced outflows last month, unlike the growing demand for Indian ETFs and the much-anticipated return of inflows into Western ETFs.\n\nNonetheless, most market participants expect further growth in gold prices. For example, analysts at Goldman Sachs (NYSE: GS) expect gold to rise to $2,700 by the end of this year, while strategists at Bank of America (NYSE: BAC) predict gold prices could reach $3,000 per ounce. In their view, the price of the precious metal could reach this level within the next 12–18 months. This could happen if US interest rates decline and demand from large institutional investors increases.\n\nIn the short term, the target for price growth now seems to be the $2,640–2,660 range, although an unexpected obstacle could be the start of profit-taking after years of growth, which has been supported by expectations of a Fed rate cut.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: harris-or-trump-does-it-matter-to-china-who-wins-the-election2024/09/12 07:28:51
digitalgoldcoinpublished a new post: harris-or-trump-does-it-matter-to-china-who-wins-the-election
2024/09/12 07:28:51
| parent author | |
| parent permlink | usa |
| author | digitalgoldcoin |
| permlink | harris-or-trump-does-it-matter-to-china-who-wins-the-election |
| title | Harris or Trump: does it matter to China who wins the election? |
| body | U.S. Trade Relations with China Will Remain Tense Regardless of Election Outcome. This view is shared by other experts who believe that both Donald Trump and Kamala Harris will maintain a tough stance on China. Trump has proposed imposing tariffs on Chinese goods of up to 100% and comprehensive tariffs of 10-20% on all other imports, while Harris is expected to largely follow Biden's tariff policies, CNBC experts have stated.  A Trump victory is likely to escalate trade and economic hostility between the U.S. and China, accelerating trade and financial decoupling. Harris may also increase tariffs, considering that Biden not only kept Trump's tariffs but added new ones. In May, the U.S. imposed strict tariffs on about $18 billion worth of Chinese imports, including electric vehicles, solar panels, lithium-ion batteries, steel, and aluminum. In debates, Harris did not clarify her policy regarding China but stated that "U.S. policy towards China should focus on winning the race for the 21st century," with an emphasis on alliances and investments in American technologies. In April, Yellen met with Chinese officials to discuss the issue of overcapacity and market reforms, stating that "healthy economic relations should ensure a level playing field for companies and workers in both countries. Beijing has been accused of dumping goods amidst a drop in domestic demand, imposing high tariffs on exports from several countries, and heavily subsidizing industries such as electric vehicle production, which have faced tariffs from both the U.S. and European countries. In sum the debates did not provide clarity on trade issues with China but noted that the market's reaction to Harris' speech was moderate. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "U.S. Trade Relations with China Will Remain Tense Regardless of Election Outcome.\n\nThis view is shared by other experts who believe that both Donald Trump and Kamala Harris will maintain a tough stance on China.\nTrump has proposed imposing tariffs on Chinese goods of up to 100% and comprehensive tariffs of 10-20% on all other imports, while Harris is expected to largely follow Biden's tariff policies, CNBC experts have stated.\n\n\n\n\n\nA Trump victory is likely to escalate trade and economic hostility between the U.S. and China, accelerating trade and financial decoupling.\nHarris may also increase tariffs, considering that Biden not only kept Trump's tariffs but added new ones. In May, the U.S. imposed strict tariffs on about $18 billion worth of Chinese imports, including electric vehicles, solar panels, lithium-ion batteries, steel, and aluminum.\n\nIn debates, Harris did not clarify her policy regarding China but stated that \"U.S. policy towards China should focus on winning the race for the 21st century,\" with an emphasis on alliances and investments in American technologies.\n\nIn April, Yellen met with Chinese officials to discuss the issue of overcapacity and market reforms, stating that \"healthy economic relations should ensure a level playing field for companies and workers in both countries.\n\nBeijing has been accused of dumping goods amidst a drop in domestic demand, imposing high tariffs on exports from several countries, and heavily subsidizing industries such as electric vehicle production, which have faced tariffs from both the U.S. and European countries.\n\nIn sum the debates did not provide clarity on trade issues with China but noted that the market's reaction to Harris' speech was moderate.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: bitcoin-s-hidden-struggle2024/09/06 21:43:24
digitalgoldcoinpublished a new post: bitcoin-s-hidden-struggle
2024/09/06 21:43:24
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | bitcoin-s-hidden-struggle |
| title | Bitcoin's Hidden Struggle |
| body | Negative sentiments have become dominant, which is reflected in the cryptocurrency market capitalization dropping to $1.98 trillion, a 20.3% decrease in open interest in futures, and a 26% reduction in the total value locked (TVL) in DeFi since June, down to $81.2 billion. Spot ETF buyers have also been disappointed by the market's dynamics, with investment outflows observed for six consecutive days. Total losses in this area have amounted to $805 million.  Bitcoin led the outflow from crypto funds. Last week was notable as, for the first time, Grayscale lost its leading position in investment losses. It was overtaken by ARKB, which lost $221 million over this period. The main pressure on the price is coming from short-term holders (STH), which include clients of the bankrupt Mt.Gox exchange (who received compensation to new addresses) and the majority of Bitcoin-ETF buyers. However, from a historical perspective, the unrealized losses of STH are insignificant, currently amounting to only 2.9% of Bitcoin's capitalization. The most sensitive investors to price drops will continue exiting the market until the price rises to $62,400. This is the base cost level of coins held by the STH group. At the same time, the current decline is far from extreme values typical of bull cycles. While the maximum drop in 2024 reached 33.6%, in previous growth phases, it ranged from 40% to 60%. As for the key factors significantly influencing Bitcoin, they include halving (a reduction in the incoming supply) and the growth of the fiat money supply. The active operation of printing presses perfectly highlights the deflationary nature of cryptocurrency. Third-party advertisements – not an offer or recommendation by Investing.com. See details here or remove the ad. This year, major central banks are beginning to reverse monetary policy, promising an increase in the money supply in the next two to three years. Bitcoin investors just need to be patient. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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| Transaction Info | Block #88392127/Trx f53ce4b02493ae077e3f6eaa0978d7ae72ee1ac1 |
View Raw JSON Data
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"permlink": "bitcoin-s-hidden-struggle",
"title": "Bitcoin's Hidden Struggle",
"body": "Negative sentiments have become dominant, which is reflected in the cryptocurrency market capitalization dropping to $1.98 trillion, a 20.3% decrease in open interest in futures, and a 26% reduction in the total value locked (TVL) in DeFi since June, down to $81.2 billion.\n\nSpot ETF buyers have also been disappointed by the market's dynamics, with investment outflows observed for six consecutive days. Total losses in this area have amounted to $805 million.\n\n\n\n\n\nBitcoin led the outflow from crypto funds. Last week was notable as, for the first time, Grayscale lost its leading position in investment losses. It was overtaken by ARKB, which lost $221 million over this period.\n\nThe main pressure on the price is coming from short-term holders (STH), which include clients of the bankrupt Mt.Gox exchange (who received compensation to new addresses) and the majority of Bitcoin-ETF buyers. However, from a historical perspective, the unrealized losses of STH are insignificant, currently amounting to only 2.9% of Bitcoin's capitalization.\n\nThe most sensitive investors to price drops will continue exiting the market until the price rises to $62,400. This is the base cost level of coins held by the STH group.\n\nAt the same time, the current decline is far from extreme values typical of bull cycles. While the maximum drop in 2024 reached 33.6%, in previous growth phases, it ranged from 40% to 60%.\n\nAs for the key factors significantly influencing Bitcoin, they include halving (a reduction in the incoming supply) and the growth of the fiat money supply. The active operation of printing presses perfectly highlights the deflationary nature of cryptocurrency.\n\nThird-party advertisements – not an offer or recommendation by Investing.com. See details here or remove the ad.\n\nThis year, major central banks are beginning to reverse monetary policy, promising an increase in the money supply in the next two to three years. Bitcoin investors just need to be patient.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinreceived 0.328 STEEM, 0.344 SP author reward for @digitalgoldcoin / chinese-central-bank-actions-differ-from-those-of-western-central-banks2024/08/31 23:34:00
digitalgoldcoinreceived 0.328 STEEM, 0.344 SP author reward for @digitalgoldcoin / chinese-central-bank-actions-differ-from-those-of-western-central-banks
2024/08/31 23:34:00
| author | digitalgoldcoin |
| permlink | chinese-central-bank-actions-differ-from-those-of-western-central-banks |
| sbd payout | 0.000 SBD |
| steem payout | 0.328 STEEM |
| vesting payout | 560.854488 VESTS |
| Transaction Info | Block #88222774/Virtual Operation #3 |
View Raw JSON Data
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}digitalgoldcoinpublished a new post: overview-of-the-global-gold-market-in-q2-20242024/08/30 11:37:57
digitalgoldcoinpublished a new post: overview-of-the-global-gold-market-in-q2-2024
2024/08/30 11:37:57
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | overview-of-the-global-gold-market-in-q2-2024 |
| title | Overview of the global gold market in Q2 2024 |
| body | Demand for gold was stronger than ever in the second quarter of 2024. The most active buyers were wealthy private investors - up 53% year on year - and central banks - up 6% year on year. Gold demand reached a record volume of 1,258.2 tonnes in the second quarter of 2024, driven by several key factors and up 4% on the same quarter last year.  The gold price averaged $2,338.20 per troy ounce, 18% higher than in the second quarter of 2023. Two sectors (central bank purchases and private physical purchases of bullion in larger weight units; OTC purchases) played a decisive role. The massive demand stimulus, combined with weak supply growth of just 4% year-on-year, allowed the gold price to reach new record highs in the world's major currencies. Ongoing geopolitical tensions, particularly in Ukraine, between China and Taiwan, and in the Middle East, and the associated economic uncertainty, prompted private and institutional investors to seek gold as a safe haven. Central banks continued to buy gold at a rapid pace, contributing significantly to overall demand. In the first quarter alone, they purchased 289.7 tonnes. This trend continued into the second quarter, although the People's Bank of China slowed the pace of purchases somewhat. Countries such as Vietnam, Turkey and India have replaced China as the largest buyers of gold. In particular, fears of confiscation or even expropriation of foreign exchange reserves in the form of Western government bonds prompted many monetary policymakers from the BRICS bloc to buy gold. Western wealthy investors increased their gold holdings through OTC transactions in anticipation of a possible interest rate cut by the US Federal Reserve, while Eastern investors, particularly in China and India, also significantly increased their purchases due to local economic conditions and currency devaluations. Overall, demand here was up 53 per cent year on year. Demand for gold from the technology sector also increased significantly, driven by developments and investment in artificial intelligence (AI) and electronics. Together, these factors have driven demand for the yellow precious metal to unprecedented levels, underlining gold's role as a critical asset for risk management and wealth preservation in an uncertain environment. With prices and demand rising to record levels over the past two and a half decades, gold is once again much more recognised as an asset class than it was at the end of the 20th century, including among institutional investors (private equity funds, insurance companies, endowments, central banks, sovereign wealth funds, etc.). Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Overview of the global gold market in Q2 2024",
"body": "Demand for gold was stronger than ever in the second quarter of 2024. The most active buyers were wealthy private investors - up 53% year on year - and central banks - up 6% year on year.\n\nGold demand reached a record volume of 1,258.2 tonnes in the second quarter of 2024, driven by several key factors and up 4% on the same quarter last year.\n\n\n\n\nThe gold price averaged $2,338.20 per troy ounce, 18% higher than in the second quarter of 2023. Two sectors (central bank purchases and private physical purchases of bullion in larger weight units; OTC purchases) played a decisive role.\n\nThe massive demand stimulus, combined with weak supply growth of just 4% year-on-year, allowed the gold price to reach new record highs in the world's major currencies.\nOngoing geopolitical tensions, particularly in Ukraine, between China and Taiwan, and in the Middle East, and the associated economic uncertainty, prompted private and institutional investors to seek gold as a safe haven.\n\nCentral banks continued to buy gold at a rapid pace, contributing significantly to overall demand. In the first quarter alone, they purchased 289.7 tonnes. This trend continued into the second quarter, although the People's Bank of China slowed the pace of purchases somewhat. Countries such as Vietnam, Turkey and India have replaced China as the largest buyers of gold. In particular, fears of confiscation or even expropriation of foreign exchange reserves in the form of Western government bonds prompted many monetary policymakers from the BRICS bloc to buy gold.\n\nWestern wealthy investors increased their gold holdings through OTC transactions in anticipation of a possible interest rate cut by the US Federal Reserve, while Eastern investors, particularly in China and India, also significantly increased their purchases due to local economic conditions and currency devaluations. Overall, demand here was up 53 per cent year on year.\n\nDemand for gold from the technology sector also increased significantly, driven by developments and investment in artificial intelligence (AI) and electronics.\n\nTogether, these factors have driven demand for the yellow precious metal to unprecedented levels, underlining gold's role as a critical asset for risk management and wealth preservation in an uncertain environment.\n\nWith prices and demand rising to record levels over the past two and a half decades, gold is once again much more recognised as an asset class than it was at the end of the 20th century, including among institutional investors (private equity funds, insurance companies, endowments, central banks, sovereign wealth funds, etc.).\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: not-just-central-banks-need-gold2024/08/27 19:51:12
digitalgoldcoinpublished a new post: not-just-central-banks-need-gold
2024/08/27 19:51:12
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | not-just-central-banks-need-gold |
| title | Not just central banks need gold |
| body | Over the past year, all analysts' attention has been focused on the historically large purchases of gold by the world's central banks. Why is this? The main reason for so much attention is that this gold is being bought and accumulated. That is, it is almost never returned to the market in the form of supply. However, central bank purchases account for only about 20% of annual gold demand. The jewellery industry is the biggest buyer of gold, accounting for almost 50% of annual demand for the yellow metal. The investment sector accounts for a further 23%.  Only 6% of gold demand comes from the industrial sector (excluding jewellery, of course). Demand from the technology sector is marginal, but can we see growth in this sector? Let's take a look together. Silver and copper are the best conductors of electricity, but gold is more resistant to corrosion and oxidation. This is why it is widely used as a coating in electronics, especially where long-term stability is important. It is used to coat connectors, switches and relay contacts, circuit boards, microprocessors and memory chips. Because of this durability, it is also used in the aerospace industry, where it is used to coat components of satellites and spacecraft. In the latter, it can reflect infrared radiation and protect spacecraft from overheating, which is essential in the vast temperature fluctuations of space. Gold is also used in heat shields that protect sensitive equipment from high temperatures when it enters the Earth's atmosphere. The tether that binds the astronaut to the spacecraft is gold plated. The visors of astronauts' helmets are gold-plated to protect their eyes from harmful ultraviolet radiation. Ultimately, the durability of gold is the main reason for its use. When you send a spacecraft into space, you need durable materials - you can't repair it. The use of space is not yet significant enough to affect the demand for gold, but this could change dramatically as space exploration increases. Because of its reflective properties and stability, gold is used in optics: in lenses and mirrors, especially in space telescopes to reflect infrared light. The mirrors of the famous James Webb Telescope, the largest optical telescope in space, are coated with gold to optimise the mirrors' performance so that they can image objects that are too old, too far away or too faint for the Hubble Space Telescope. Gold is increasingly being used in nanotechnology. Gold nanoparticles are used in photonics (the science of light waves), particularly in the development of light-based technologies for imaging and sensing. The inert nature of gold makes it an excellent material for nanoparticles used as catalysts in various chemical reactions. For example, gold nanoparticles are used to oxidise carbon monoxide in air purification systems. The list goes on and on. The most important thing to recognise is that there is strong diversification. Investors try to diversify their assets as much as possible. Similarly, gold itself has a huge number of uses. Plus the investment component. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Over the past year, all analysts' attention has been focused on the historically large purchases of gold by the world's central banks. Why is this? The main reason for so much attention is that this gold is being bought and accumulated. That is, it is almost never returned to the market in the form of supply.\n\nHowever, central bank purchases account for only about 20% of annual gold demand. The jewellery industry is the biggest buyer of gold, accounting for almost 50% of annual demand for the yellow metal. The investment sector accounts for a further 23%.\n\n\n\n \nOnly 6% of gold demand comes from the industrial sector (excluding jewellery, of course). Demand from the technology sector is marginal, but can we see growth in this sector? Let's take a look together.\n\nSilver and copper are the best conductors of electricity, but gold is more resistant to corrosion and oxidation. This is why it is widely used as a coating in electronics, especially where long-term stability is important. It is used to coat connectors, switches and relay contacts, circuit boards, microprocessors and memory chips. Because of this durability, it is also used in the aerospace industry, where it is used to coat components of satellites and spacecraft. \n\nIn the latter, it can reflect infrared radiation and protect spacecraft from overheating, which is essential in the vast temperature fluctuations of space. Gold is also used in heat shields that protect sensitive equipment from high temperatures when it enters the Earth's atmosphere. The tether that binds the astronaut to the spacecraft is gold plated. The visors of astronauts' helmets are gold-plated to protect their eyes from harmful ultraviolet radiation.\n\nUltimately, the durability of gold is the main reason for its use. When you send a spacecraft into space, you need durable materials - you can't repair it. The use of space is not yet significant enough to affect the demand for gold, but this could change dramatically as space exploration increases.\n\nBecause of its reflective properties and stability, gold is used in optics: in lenses and mirrors, especially in space telescopes to reflect infrared light. The mirrors of the famous James Webb Telescope, the largest optical telescope in space, are coated with gold to optimise the mirrors' performance so that they can image objects that are too old, too far away or too faint for the Hubble Space Telescope.\n\nGold is increasingly being used in nanotechnology. Gold nanoparticles are used in photonics (the science of light waves), particularly in the development of light-based technologies for imaging and sensing. The inert nature of gold makes it an excellent material for nanoparticles used as catalysts in various chemical reactions. For example, gold nanoparticles are used to oxidise carbon monoxide in air purification systems.\n \nThe list goes on and on. The most important thing to recognise is that there is strong diversification. Investors try to diversify their assets as much as possible. Similarly, gold itself has a huge number of uses. Plus the investment component.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}2024/08/24 23:57:39
2024/08/24 23:57:39
| voter | me-tarzan |
| author | digitalgoldcoin |
| permlink | chinese-central-bank-actions-differ-from-those-of-western-central-banks |
| weight | 2300 (23.00%) |
| Transaction Info | Block #88022102/Trx c9c551a7aa90a42b5eb7e0bfab511ff67313001d |
View Raw JSON Data
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}digitalgoldcoinpublished a new post: chinese-central-bank-actions-differ-from-those-of-western-central-banks2024/08/24 23:34:00
digitalgoldcoinpublished a new post: chinese-central-bank-actions-differ-from-those-of-western-central-banks
2024/08/24 23:34:00
| parent author | |
| parent permlink | china |
| author | digitalgoldcoin |
| permlink | chinese-central-bank-actions-differ-from-those-of-western-central-banks |
| title | Chinese central bank actions differ from those of Western central banks |
| body | A few months ago, the market heard rumours that the Chinese central bank had stopped buying gold. Then this information was officially confirmed. However, this situation did not last long. Several Chinese banks have received new quotas for gold imports from the country's Central Bank as they expect demand to recover despite record prices, four sources familiar with the situation told Reuters. The new quotas for gold imports should help the People's Bank of China control the amount of gold bullion coming into the country. It is worth recalling that China is not only the world's largest consumer of the yellow precious metal, but also its producer.  New quotas on gold imports should help the People's Bank of China control the volume of bullion entering the country. It is worth remembering that China is not only the world's largest consumer of the yellow precious metal, but also its largest producer. Over the past 2 months, gold prices have reached new historic highs. And it seems illogical that the Chinese central bank is ready to enter the market and buy gold at these levels. What's more, it would drive prices even higher. But this logic is good for people and bankers living in Western countries. The heads of central banks are elected for a fixed term. They also have to report on their actions. This leads to a planning horizon that in most cases is limited to a few years. In China, the opposite is true. The leadership and the Communist Party have little interest in what will happen in the next 1-5 years. They think in terms of cycles. These are tens and even hundreds of years. From this point of view, it doesn't matter at what price you buy gold. Fiat money is ashes. And gold is forever in the vaults. Chinese vaults. So as the risks of foreign asset freezes increase (our previous blog post), this process will go on forever. The only reason gold is not yet worth $5,000 is that more tonnes of metal are being mined from the earth every year. But even this process is not endless. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Chinese central bank actions differ from those of Western central banks",
"body": "A few months ago, the market heard rumours that the Chinese central bank had stopped buying gold. Then this information was officially confirmed.\n\nHowever, this situation did not last long. Several Chinese banks have received new quotas for gold imports from the country's Central Bank as they expect demand to recover despite record prices, four sources familiar with the situation told Reuters.\nThe new quotas for gold imports should help the People's Bank of China control the amount of gold bullion coming into the country. It is worth recalling that China is not only the world's largest consumer of the yellow precious metal, but also its producer.\n\n \n\n\nNew quotas on gold imports should help the People's Bank of China control the volume of bullion entering the country. It is worth remembering that China is not only the world's largest consumer of the yellow precious metal, but also its largest producer.\n \nOver the past 2 months, gold prices have reached new historic highs. And it seems illogical that the Chinese central bank is ready to enter the market and buy gold at these levels. What's more, it would drive prices even higher.\n\nBut this logic is good for people and bankers living in Western countries. The heads of central banks are elected for a fixed term. They also have to report on their actions. This leads to a planning horizon that in most cases is limited to a few years.\n\nIn China, the opposite is true. The leadership and the Communist Party have little interest in what will happen in the next 1-5 years. They think in terms of cycles. These are tens and even hundreds of years.\n\nFrom this point of view, it doesn't matter at what price you buy gold. Fiat money is ashes. And gold is forever in the vaults. Chinese vaults. So as the risks of foreign asset freezes increase (our previous blog post), this process will go on forever.\n\nThe only reason gold is not yet worth $5,000 is that more tonnes of metal are being mined from the earth every year. But even this process is not endless.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"china\",\"banks\",\"gold\",\"price\",\"markets\"],\"image\":[\"https://cdn.steemitimages.com/DQmeZz6NvfQiWnZsws8xWejeaJxExnTCaYxdJ4H6GmgAUw9/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinpublished a new post: when-will-gold-reach-usd3-0002024/08/19 20:40:54
digitalgoldcoinpublished a new post: when-will-gold-reach-usd3-000
2024/08/19 20:40:54
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | when-will-gold-reach-usd3-000 |
| title | When will gold reach $3,000? |
| body | An unexpected question that no one has yet asked. A year ago, talk of gold rising to $2,500 seemed abstract. Investors were interested in whether gold would be cheaper or slightly more expensive than $2,000. In 2024, things have changed dramatically. The powerful trend is not even thinking of stopping. The reasons are well known. We wrote about them in our blog before the turn of the year. Nothing has changed since then.  But there is another reason that has boosted demand for gold. It has to do with the fact that Western countries have almost agreed to confiscate frozen Russian assets. Or some of those assets. Why does this matter for the gold market? According to surveys, about 2/3 of the world's central banks fear a similar freezing of their international assets. It is clear that these are mainly the central banks of Africa, Latin and South America and Asia. How can these central banks reduce their exposure? Only by diversifying their assets. And these assets should not be denominated in US dollars, euros and currencies such as sterling, Australian dollars, etc. What should the assets be invested in then? Certainly not into Third World currencies. In fact, for such a huge amount of money, there are only 2 ways: it's gold and cryptocurrencies. Some central banks may have already bought BTCs for their balance sheets. But unlike the government of El Salvador, they are in no hurry to announce it publicly. There are many reasons for this and this is not the subject of our article. But it is possible to buy gold in exchange for dollar-denominated assets, such as U.S. government bonds. And even declare it publicly. If we see not talk, but real confiscation of frozen Russian assets, the demand for gold will grow even stronger. Exactly on the part of the central banks. And the price of $3,000 will no longer seem like something out of the realm of fantasy. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "When will gold reach $3,000?",
"body": "An unexpected question that no one has yet asked. A year ago, talk of gold rising to $2,500 seemed abstract. Investors were interested in whether gold would be cheaper or slightly more expensive than $2,000.\n\nIn 2024, things have changed dramatically. The powerful trend is not even thinking of stopping. The reasons are well known. We wrote about them in our blog before the turn of the year. Nothing has changed since then. \n\n\n\n\nBut there is another reason that has boosted demand for gold. It has to do with the fact that Western countries have almost agreed to confiscate frozen Russian assets. Or some of those assets. \n\nWhy does this matter for the gold market? According to surveys, about 2/3 of the world's central banks fear a similar freezing of their international assets. It is clear that these are mainly the central banks of Africa, Latin and South America and Asia. \n\nHow can these central banks reduce their exposure? Only by diversifying their assets. And these assets should not be denominated in US dollars, euros and currencies such as sterling, Australian dollars, etc. \n\nWhat should the assets be invested in then? Certainly not into Third World currencies. In fact, for such a huge amount of money, there are only 2 ways: it's gold and cryptocurrencies. \n\nSome central banks may have already bought BTCs for their balance sheets. But unlike the government of El Salvador, they are in no hurry to announce it publicly. There are many reasons for this and this is not the subject of our article.\n\nBut it is possible to buy gold in exchange for dollar-denominated assets, such as U.S. government bonds. And even declare it publicly. \n\nIf we see not talk, but real confiscation of frozen Russian assets, the demand for gold will grow even stronger. Exactly on the part of the central banks. And the price of $3,000 will no longer seem like something out of the realm of fantasy.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-triple-top-or-moving-forward2024/08/14 10:11:00
digitalgoldcoinpublished a new post: gold-triple-top-or-moving-forward
2024/08/14 10:11:00
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-triple-top-or-moving-forward |
| title | Gold: Triple Top or Moving Forward? |
| body | After the troy ounce of gold once again returned to the 2460-2470 level, several important questions arise. We have already seen this level twice before, and now the interest lies in what comes next. The main questions that concern investors are: What’s next? How long will we stay at the current level? Is this a trend reversal? **Current Situation** Let's start with the most pressing question: no, this is not a trend reversal. The belief in an upward trend for gold remains. Central banks continue to buy gold, maintaining stable demand for this precious metal.  **Reasons for Pullbacks** Every time gold reaches the current price level, we see a significant pullback. This raises questions for many market participants. In our view, this is simply a coincidence of various factors such as mini-trends in the market and geopolitical events. **Possible Scenarios** Can we expect another pullback to the 2380-2400 level? Technical analysts might say that a triple top has formed. However, current factors and conditions suggest a potential breakout upwards. **Currency Market and Inflation** The US dollar continues to decline relative to other major currencies. The DXY index is likely to break the 103 level. The EUR/USD pair is approaching the 1.10 mark. A weaker dollar is a positive factor for gold. Today, the US Consumer Price Index (CPI) will be released. Yesterday's Producer Price Index (PPI) showed that inflation is steadily declining. This means the Federal Reserve has virtually no arguments for maintaining high rates. The probability of the first rate cut in September is very high. We may see several rate cuts this year, which is also a positive factor for gold. **Expectations and Forecasts** So, we are awaiting the inflation data. The forecast is at 3.0%. If the actual figures are slightly lower, we may see the following: A drop in the dollar, A rise in bond prices, A confident breakout in gold prices to the 2480-2500 level. The wait won't be long. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "After the troy ounce of gold once again returned to the 2460-2470 level, several important questions arise. We have already seen this level twice before, and now the interest lies in what comes next. The main questions that concern investors are:\n\nWhat’s next?\nHow long will we stay at the current level?\nIs this a trend reversal?\n\n**Current Situation**\nLet's start with the most pressing question: no, this is not a trend reversal. The belief in an upward trend for gold remains. Central banks continue to buy gold, maintaining stable demand for this precious metal.\n\n\n\n\n**Reasons for Pullbacks**\nEvery time gold reaches the current price level, we see a significant pullback. This raises questions for many market participants. In our view, this is simply a coincidence of various factors such as mini-trends in the market and geopolitical events.\n\n**Possible Scenarios**\nCan we expect another pullback to the 2380-2400 level? Technical analysts might say that a triple top has formed. However, current factors and conditions suggest a potential breakout upwards.\n\n**Currency Market and Inflation**\nThe US dollar continues to decline relative to other major currencies. The DXY index is likely to break the 103 level. The EUR/USD pair is approaching the 1.10 mark. A weaker dollar is a positive factor for gold.\n\nToday, the US Consumer Price Index (CPI) will be released. Yesterday's Producer Price Index (PPI) showed that inflation is steadily declining. This means the Federal Reserve has virtually no arguments for maintaining high rates. The probability of the first rate cut in September is very high. We may see several rate cuts this year, which is also a positive factor for gold.\n\n**Expectations and Forecasts**\nSo, we are awaiting the inflation data. The forecast is at 3.0%. If the actual figures are slightly lower, we may see the following:\n\nA drop in the dollar,\nA rise in bond prices,\nA confident breakout in gold prices to the 2480-2500 level.\n\nThe wait won't be long.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: ethereum-spot-etfs-launch-and-market-impact-analysis2024/07/30 13:07:36
digitalgoldcoinpublished a new post: ethereum-spot-etfs-launch-and-market-impact-analysis
2024/07/30 13:07:36
| parent author | |
| parent permlink | eth |
| author | digitalgoldcoin |
| permlink | ethereum-spot-etfs-launch-and-market-impact-analysis |
| title | Ethereum Spot ETFs Launch and Market Impact Analysis |
| body | On July 23rd, spot ETFs on Ethereum were launched in the USA. This event caused the ETH/BTC exchange rate to drop as funds from the ETHE trust flowed into the market. Over the past three days, it lost $1.2 billion in investments, resulting in a net cumulative inflow into spot funds of -$179 million.  ETHE was initially a trust fund whose shares had been trading at a significant discount to the underlying asset in recent years. When it became clear that the SEC would approve applications for an altcoin ETF, investors began buying up shares. As a result, the price difference between the shares and Ethereum quickly vanished. Converting the fund into a spot ETF unlocked the assets, and investors began selling shares and locking in profits. A similar situation occurred when the GBTC trust fund was converted in January—Bitcoin dropped by 21%, despite a significant inflow of investments into the newly created ETFs. In the 6.5 months following the launch of the Bitcoin ETF, GBTC lost 56.2% of its capital, shrinking to 271.2 thousand BTC. If ETHE loses investments at the same rate (which is happening), 1.64 million ETH worth $5.3 billion will hit the market in six months. The main question is whether the inflow into other Ethereum ETFs will compensate for the outflow from ETHE. Optimistic forecasts estimate an annual inflow of $10 billion or $5 billion in the first half-year, which would simply neutralize the negative impact of Grayscale. However, the base and pessimistic estimates are much more modest. For example, JPMorgan estimates that by the end of the year, the inflow will not exceed $3 billion if the SEC does not allow staking for ETFs. In that case, the ETH/BTC exchange rate will continue to decline in the medium term. While Bitcoin has not seen a single day of negative cumulative investment in US spot funds, the Ethereum ETF figures went into the "red" zone on the second day. As Hegel once aptly noted, "History repeats itself twice: the first time as a tragedy, the second as a farce." |
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"body": "On July 23rd, spot ETFs on Ethereum were launched in the USA. This event caused the ETH/BTC exchange rate to drop as funds from the ETHE trust flowed into the market. Over the past three days, it lost $1.2 billion in investments, resulting in a net cumulative inflow into spot funds of -$179 million.\n\n\n\n\nETHE was initially a trust fund whose shares had been trading at a significant discount to the underlying asset in recent years. When it became clear that the SEC would approve applications for an altcoin ETF, investors began buying up shares. As a result, the price difference between the shares and Ethereum quickly vanished.\n\nConverting the fund into a spot ETF unlocked the assets, and investors began selling shares and locking in profits. A similar situation occurred when the GBTC trust fund was converted in January—Bitcoin dropped by 21%, despite a significant inflow of investments into the newly created ETFs.\n\nIn the 6.5 months following the launch of the Bitcoin ETF, GBTC lost 56.2% of its capital, shrinking to 271.2 thousand BTC. If ETHE loses investments at the same rate (which is happening), 1.64 million ETH worth $5.3 billion will hit the market in six months.\n\nThe main question is whether the inflow into other Ethereum ETFs will compensate for the outflow from ETHE. Optimistic forecasts estimate an annual inflow of $10 billion or $5 billion in the first half-year, which would simply neutralize the negative impact of Grayscale. However, the base and pessimistic estimates are much more modest. For example, JPMorgan estimates that by the end of the year, the inflow will not exceed $3 billion if the SEC does not allow staking for ETFs.\n\nIn that case, the ETH/BTC exchange rate will continue to decline in the medium term.\n\nWhile Bitcoin has not seen a single day of negative cumulative investment in US spot funds, the Ethereum ETF figures went into the \"red\" zone on the second day. As Hegel once aptly noted, \"History repeats itself twice: the first time as a tragedy, the second as a farce.\"",
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}digitalgoldcoinpublished a new post: the-potential-impact-of-trump-s-return-on-commodity-markets2024/07/25 10:01:48
digitalgoldcoinpublished a new post: the-potential-impact-of-trump-s-return-on-commodity-markets
2024/07/25 10:01:48
| parent author | |
| parent permlink | trump |
| author | digitalgoldcoin |
| permlink | the-potential-impact-of-trump-s-return-on-commodity-markets |
| title | The Potential Impact of Trump's Return on Commodity Markets |
| body | Now that Biden has withdrawn from the re-election race, the likelihood of Trump coming to power again has significantly increased. This, in turn, promises substantial prospects for commodity markets. Experts note that Trump's victory could potentially trigger a new price boom in the commodity market. A key factor here is his stance on tariffs - Trump plans to introduce 60% tariffs on imports from China and 10% tariffs on imports from other countries.  Such measures are likely to cause a new wave of global inflation, which will inevitably lead to higher prices for gold, silver, and other precious metals. It is enough to recall how during Trump's previous presidency, the price of gold rose from $1200 to $1900 per ounce. In addition, Trump's tough tariff policy could provoke similar retaliatory measures from China. As practice shows, Beijing usually responds to new tariffs by expanding economic stimulus programs, primarily by increasing investments in infrastructure. Such a scenario will undoubtedly become a positive driver for a range of base metals - aluminum, copper, lithium, nickel, iron ore, zinc, and uranium, which are traditionally in demand for China's infrastructure projects. The risk of renewed trade wars could trigger a "super squeeze" in agricultural markets - from soybeans to corn, leading to prices soaring to record levels. Thus, Biden's unexpected withdrawal from the presidential race paves the way for the return of "Trump's trade policy," promising significant prospects for commodity markets in the near future. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Now that Biden has withdrawn from the re-election race, the likelihood of Trump coming to power again has significantly increased. This, in turn, promises substantial prospects for commodity markets.\n\nExperts note that Trump's victory could potentially trigger a new price boom in the commodity market. A key factor here is his stance on tariffs - Trump plans to introduce 60% tariffs on imports from China and 10% tariffs on imports from other countries.\n\n\n\n\nSuch measures are likely to cause a new wave of global inflation, which will inevitably lead to higher prices for gold, silver, and other precious metals. It is enough to recall how during Trump's previous presidency, the price of gold rose from $1200 to $1900 per ounce.\n\nIn addition, Trump's tough tariff policy could provoke similar retaliatory measures from China. As practice shows, Beijing usually responds to new tariffs by expanding economic stimulus programs, primarily by increasing investments in infrastructure.\n\nSuch a scenario will undoubtedly become a positive driver for a range of base metals - aluminum, copper, lithium, nickel, iron ore, zinc, and uranium, which are traditionally in demand for China's infrastructure projects.\n\nThe risk of renewed trade wars could trigger a \"super squeeze\" in agricultural markets - from soybeans to corn, leading to prices soaring to record levels.\n\nThus, Biden's unexpected withdrawal from the presidential race paves the way for the return of \"Trump's trade policy,\" promising significant prospects for commodity markets in the near future.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}2024/07/16 14:09:39
2024/07/16 14:09:39
| parent author | |
| parent permlink | trump |
| author | digitalgoldcoin |
| permlink | assassination-attempt-on-donald-trump-reactions-from-analysts-and-investors |
| title | Assassination Attempt on Donald Trump: Reactions from Analysts and Investors |
| body | On Saturday, during a campaign rally in Pennsylvania, Donald Trump was attacked. The incident, classified by the FBI as an assassination attempt, has caused significant concern in financial markets. Despite sustaining an ear injury, Trump's campaign team reported that the former president is in good spirits and did not suffer any serious injuries.  According to Quincy Krosby, any geopolitical event that triggers anxiety or fear always increases the demand for safe-haven assets like gold and Treasury bonds. She notes that the dollar, weakened by expectations of a Federal Reserve interest rate cut, might strengthen if trading in safe assets intensifies. Meanwhile, the stock market could open significantly lower, which may require the Fed to intervene to ensure liquidity. Krosby considers this scenario unlikely but still possible. **Jack Ablin, Chief Investment Officer at Cresset Capital** Jack Ablin emphasizes that an attempt on Trump's life increases political instability, which in turn leads to greater uncertainty and market volatility. He believes that political violence might bolster Trump's reputation as a strong leader and alter the bond market trading pattern, increasing the likelihood of higher long-term rates and lower short-term ones. **Steve Sosnick, Chief Strategist at Interactive Brokers** Steve Sosnick points out that it's important to monitor changes in VIX futures and the Treasury yield curve. These indicators might signal concerns about pre- and post-election volatility as well as the potential for new taxes and tariffs. However, he believes the stock markets may not react significantly due to the uncertain impact of current events on earnings and cash flows. **John Chambers, Former Chair of the Sovereign Ratings Committee at Standard & Poor's** John Chambers expresses concern about the possibility of political violence in the U.S., similar to that seen in the 1960s. Despite this, he believes that the strong institutions in the U.S. are capable of withstanding such challenges, and it will not significantly affect the country's ratings. **Brian Jacobsen, Chief Economist at Annex Wealth Management** Brian Jacobsen focuses on how the assassination attempt will affect Trump's chances in the presidential race. He believes such events could either weaken Trump's position or strengthen his supporters' resolve. Increased voter turnout might become a key factor in his victory. **Tina Fordham, Geopolitical Strategist and Founder of Fordham Global Foresight** Tina Fordham notes that the shooting complicates the election outlook for Democrats, especially given the party's internal disagreements about Joe Biden's future as a candidate. She emphasizes that political violence in the U.S. has become a commonplace reality, and the nation's reaction to these events remains crucial. Fordham also believes that the immediate consequence of the incident will be an accelerated market consensus on a Trump victory. **Ian Bremmer, President of Eurasia Group** Ian Bremmer expresses deep concern about the increase in political violence and social instability in the U.S. He notes that American democracy is facing a serious crisis, which sharply contrasts with other major democracies around the world, where free and fair elections are held. **Khoon Goh, Head of Asia Research at ANZ** Khoon Goh points out that the likelihood of a Trump election victory has risen to 70% following the assassination attempt. He also indicates a potential rally in Bitcoin driven by fears of new civil unrest. However, Khoon Goh believes that the market's reaction to the incident will be short-lived. **Nick Twidale, Chief Market Analyst at ATFX Global** Nick Twidale predicts that the incident will increase Trump's chances of victory and lead to a rise in flows into safe-haven assets. **Rong Ren Goh, Portfolio Manager at Eastspring Investments** Rong Ren Goh believes that the shooting will bolster support for Trump and enhance the positive momentum observed after the debates. He forecasts a strengthening of the U.S. dollar and an increase in Treasury bond yields if Trump's election prospects continue to improve. **Nick Ferres, Chief Investment Officer at Vantage Point Asset Management** Nick Ferres notes that the election outcome could be positive for Trump, which would reduce uncertainty. Ferres referred to public opinion polls showing a surge in support for Ronald Reagan after the 1981 assassination attempt. He also highlights the importance of future fiscal policy and its impact on inflation and interest rate trajectories. **Hemant Mishir, Chief Investment Officer at S Cube Capital** Hemant Mishir predicts a shock reaction from markets amid election tensions in the U.S. He believes that Trump's chances of victory will significantly improve if Democrats do not offer a worthy alternative. The assassination attempt on Donald Trump has elicited a wide range of reactions from investors and analysts. Despite differing assessments and forecasts, most experts agree that the incident increases political instability and market uncertainty. In the coming weeks, financial markets will closely monitor the development of events and voter reactions, which will significantly influence the dynamics of various assets. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"permlink": "assassination-attempt-on-donald-trump-reactions-from-analysts-and-investors",
"title": "Assassination Attempt on Donald Trump: Reactions from Analysts and Investors",
"body": "On Saturday, during a campaign rally in Pennsylvania, Donald Trump was attacked. The incident, classified by the FBI as an assassination attempt, has caused significant concern in financial markets. Despite sustaining an ear injury, Trump's campaign team reported that the former president is in good spirits and did not suffer any serious injuries.\n\n\n\n\n\nAccording to Quincy Krosby, any geopolitical event that triggers anxiety or fear always increases the demand for safe-haven assets like gold and Treasury bonds. She notes that the dollar, weakened by expectations of a Federal Reserve interest rate cut, might strengthen if trading in safe assets intensifies. Meanwhile, the stock market could open significantly lower, which may require the Fed to intervene to ensure liquidity. Krosby considers this scenario unlikely but still possible.\n\n**Jack Ablin, Chief Investment Officer at Cresset Capital**\n\nJack Ablin emphasizes that an attempt on Trump's life increases political instability, which in turn leads to greater uncertainty and market volatility. He believes that political violence might bolster Trump's reputation as a strong leader and alter the bond market trading pattern, increasing the likelihood of higher long-term rates and lower short-term ones.\n\n**Steve Sosnick, Chief Strategist at Interactive Brokers**\n\nSteve Sosnick points out that it's important to monitor changes in VIX futures and the Treasury yield curve. These indicators might signal concerns about pre- and post-election volatility as well as the potential for new taxes and tariffs. However, he believes the stock markets may not react significantly due to the uncertain impact of current events on earnings and cash flows.\n\n**John Chambers, Former Chair of the Sovereign Ratings Committee at Standard & Poor's**\n\nJohn Chambers expresses concern about the possibility of political violence in the U.S., similar to that seen in the 1960s. Despite this, he believes that the strong institutions in the U.S. are capable of withstanding such challenges, and it will not significantly affect the country's ratings.\n\n**Brian Jacobsen, Chief Economist at Annex Wealth Management**\n\nBrian Jacobsen focuses on how the assassination attempt will affect Trump's chances in the presidential race. He believes such events could either weaken Trump's position or strengthen his supporters' resolve. Increased voter turnout might become a key factor in his victory.\n\n**Tina Fordham, Geopolitical Strategist and Founder of Fordham Global Foresight**\n\nTina Fordham notes that the shooting complicates the election outlook for Democrats, especially given the party's internal disagreements about Joe Biden's future as a candidate. She emphasizes that political violence in the U.S. has become a commonplace reality, and the nation's reaction to these events remains crucial. Fordham also believes that the immediate consequence of the incident will be an accelerated market consensus on a Trump victory.\n\n**Ian Bremmer, President of Eurasia Group**\n\nIan Bremmer expresses deep concern about the increase in political violence and social instability in the U.S. He notes that American democracy is facing a serious crisis, which sharply contrasts with other major democracies around the world, where free and fair elections are held.\n\n**Khoon Goh, Head of Asia Research at ANZ**\n\nKhoon Goh points out that the likelihood of a Trump election victory has risen to 70% following the assassination attempt. He also indicates a potential rally in Bitcoin driven by fears of new civil unrest. However, Khoon Goh believes that the market's reaction to the incident will be short-lived.\n\n**Nick Twidale, Chief Market Analyst at ATFX Global**\n\nNick Twidale predicts that the incident will increase Trump's chances of victory and lead to a rise in flows into safe-haven assets.\n\n**Rong Ren Goh, Portfolio Manager at Eastspring Investments**\n\nRong Ren Goh believes that the shooting will bolster support for Trump and enhance the positive momentum observed after the debates. He forecasts a strengthening of the U.S. dollar and an increase in Treasury bond yields if Trump's election prospects continue to improve.\n\n**Nick Ferres, Chief Investment Officer at Vantage Point Asset Management**\n\nNick Ferres notes that the election outcome could be positive for Trump, which would reduce uncertainty. Ferres referred to public opinion polls showing a surge in support for Ronald Reagan after the 1981 assassination attempt. He also highlights the importance of future fiscal policy and its impact on inflation and interest rate trajectories.\n\n**Hemant Mishir, Chief Investment Officer at S Cube Capital**\n\nHemant Mishir predicts a shock reaction from markets amid election tensions in the U.S. He believes that Trump's chances of victory will significantly improve if Democrats do not offer a worthy alternative.\n\nThe assassination attempt on Donald Trump has elicited a wide range of reactions from investors and analysts. Despite differing assessments and forecasts, most experts agree that the incident increases political instability and market uncertainty. In the coming weeks, financial markets will closely monitor the development of events and voter reactions, which will significantly influence the dynamics of various assets.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"trump\",\"markets\",\"trading\",\"gold\",\"analysts\"],\"image\":[\"https://cdn.steemitimages.com/DQmZafS1bmU79bdGGEyRroFWGJPWXDKiG9X3hBNnNWcnpq8/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinpublished a new post: whales-are-back-to-hoarding-bitcoin2024/07/11 20:30:39
digitalgoldcoinpublished a new post: whales-are-back-to-hoarding-bitcoin
2024/07/11 20:30:39
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | whales-are-back-to-hoarding-bitcoin |
| title | Whales are back to hoarding Bitcoin |
| body | Despite the emergence of new factors such as the launch of the Bitcoin ETF and the return of Mt.Gox funds, the current cycle surprisingly closely mirrors previous price movements. In particular, the returns from the beginning of the cycle amount to the same 250% as in the periods of 2015-18 or 2018-22.  This applies with minor differences to the price change from the date of the halving. The cyclical model indicates an exaggerated public focus on the news background. When a new price record is set, whales and long-term holders naturally rush to lock in profits, which cools the market. After a noticeable correction, they return to accumulation. As noted by the analytical agency CryptoQuant, whales are currently buying at the fastest pace since April 2023, increasing reserves by 6.3% per month. Accumulation wallets (two or more incoming and no outgoing transactions; excluding miner, exchange, and ETF addresses) also show excellent growth dynamics. In the last 30 days, they have accumulated 85,000 BTC, which outweighs the annual pressure from the same Mt.Gox. As CryptoQuant head Ki Young Ju emphasized, "While some are panic selling, others are buying." According to previous cycles, it may take several more months to return to sustainable growth. This aligns well with the monetary policy of the Federal Reserve, which is not expected to pivot before the September meeting. A reduction in the key interest rate in the long term weakens the position of the US dollar and increases interest in a wide range of risky assets, including Bitcoin. As Bitwise Chief Investment Officer Matt Hougan wrote in a note to investors on July 10, "The recent pullback is a gift of fate." In his assessment, Bitcoin has a high chance of rising to $100,000 in the second half of the year. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Whales are back to hoarding Bitcoin",
"body": "Despite the emergence of new factors such as the launch of the Bitcoin ETF and the return of Mt.Gox funds, the current cycle surprisingly closely mirrors previous price movements. In particular, the returns from the beginning of the cycle amount to the same 250% as in the periods of 2015-18 or 2018-22.\n\n\n\n\nThis applies with minor differences to the price change from the date of the halving.\n\nThe cyclical model indicates an exaggerated public focus on the news background. When a new price record is set, whales and long-term holders naturally rush to lock in profits, which cools the market.\n\nAfter a noticeable correction, they return to accumulation. As noted by the analytical agency CryptoQuant, whales are currently buying at the fastest pace since April 2023, increasing reserves by 6.3% per month.\n\nAccumulation wallets (two or more incoming and no outgoing transactions; excluding miner, exchange, and ETF addresses) also show excellent growth dynamics. In the last 30 days, they have accumulated 85,000 BTC, which outweighs the annual pressure from the same Mt.Gox. As CryptoQuant head Ki Young Ju emphasized, \"While some are panic selling, others are buying.\"\n\nAccording to previous cycles, it may take several more months to return to sustainable growth. This aligns well with the monetary policy of the Federal Reserve, which is not expected to pivot before the September meeting. A reduction in the key interest rate in the long term weakens the position of the US dollar and increases interest in a wide range of risky assets, including Bitcoin.\n\nAs Bitwise Chief Investment Officer Matt Hougan wrote in a note to investors on July 10, \"The recent pullback is a gift of fate.\" In his assessment, Bitcoin has a high chance of rising to $100,000 in the second half of the year.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"bitcoin\",\"trading\",\"crypto\",\"finance\",\"markets\"],\"image\":[\"https://cdn.steemitimages.com/DQmNNKp4V5X5DriGHD998arXPVATpdkrfcUwKurkeYZauin/2.jpg\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinpublished a new post: toncoin-s-rapid-growth-and-future-prospects-in-the-cryptocurrency-market2024/07/05 13:03:06
digitalgoldcoinpublished a new post: toncoin-s-rapid-growth-and-future-prospects-in-the-cryptocurrency-market
2024/07/05 13:03:06
| parent author | |
| parent permlink | ton |
| author | digitalgoldcoin |
| permlink | toncoin-s-rapid-growth-and-future-prospects-in-the-cryptocurrency-market |
| title | Toncoin's Rapid Growth and Future Prospects in the Cryptocurrency Market |
| body | This year, Toncoin has increased 3.5 times to $8, surpassing Dogecoin and ranking eighth in the overall cryptocurrency ranking. Unlike meme coins, which became the fastest-growing group in the first half of the year, TON's growth is driven by objective indicators. **Growth in TVL** The Total Value Locked (TVL) in the TON network in the decentralized finance sector has increased 53 times since January to $743 million, with daily trading volumes exceeding $1 billion on certain days. In comparison, the TVL of Ethereum (the sector leader) increased 1.9 times over the same period, with daily turnover not exceeding $5 billion.  **Growth in Telegram's audience** After SEC claims, Pavel Durov handed over control of the project to the crypto community. However, the connection between Telegram and TON remains extremely close. For instance, rewards to Telegram channel owners and payment for advertising are made in TON. Therefore, the messenger's success directly affects the cryptocurrency's turnover and capitalization. Telegram's audience increases by several hundred million active users each year, and it is forecasted to exceed 1 billion this year. The TON network has already surpassed Ethereum in network activity. **IPO plans** Among the plans for the next two years, Pavel Durov mentioned the company's IPO in the USA. This event will attract wide attention to the messenger, which is still weakly represented in the Global North. According to preliminary estimates by analytical companies, the market value of the social network is $30 billion. However, successful promotion in the West along with the public listing of shares could significantly increase its capitalization. **Gaming boom** This year, the messenger has seen a gaming boom. First, the game Notcoin took off with 35 million active users, and now Hamster Kombat is leading with 150 million. The games do not require investments, and to earn in-game currency, users only need to click on the screen. Before listing, the coins can only be exchanged for TON in the pre-market. After listing, they can be converted to fiat on crypto exchanges. Game developers, in turn, earn from ad displays. Hamster Kombat has 49 million subscribers on Telegram, 32 million on YouTube, and 11 million on Twitter. Part of the income forms the basis for future user rewards. **Conclusion** Telegram is showing good results in both expanding its user base and monetization. It may reach self-sufficiency this year, and further expansion is likely to lead to profit growth. Due to the close connection between the messenger and the cryptocurrency, positive trends will lead to the growth of TON in the long term. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"permlink": "toncoin-s-rapid-growth-and-future-prospects-in-the-cryptocurrency-market",
"title": "Toncoin's Rapid Growth and Future Prospects in the Cryptocurrency Market",
"body": "This year, Toncoin has increased 3.5 times to $8, surpassing Dogecoin and ranking eighth in the overall cryptocurrency ranking. Unlike meme coins, which became the fastest-growing group in the first half of the year, TON's growth is driven by objective indicators.\n\n**Growth in TVL**\n\nThe Total Value Locked (TVL) in the TON network in the decentralized finance sector has increased 53 times since January to $743 million, with daily trading volumes exceeding $1 billion on certain days. In comparison, the TVL of Ethereum (the sector leader) increased 1.9 times over the same period, with daily turnover not exceeding $5 billion.\n\n\n\n\n**Growth in Telegram's audience**\n\nAfter SEC claims, Pavel Durov handed over control of the project to the crypto community. However, the connection between Telegram and TON remains extremely close. For instance, rewards to Telegram channel owners and payment for advertising are made in TON. Therefore, the messenger's success directly affects the cryptocurrency's turnover and capitalization.\n\nTelegram's audience increases by several hundred million active users each year, and it is forecasted to exceed 1 billion this year. The TON network has already surpassed Ethereum in network activity.\n\n**IPO plans**\n\nAmong the plans for the next two years, Pavel Durov mentioned the company's IPO in the USA. This event will attract wide attention to the messenger, which is still weakly represented in the Global North. According to preliminary estimates by analytical companies, the market value of the social network is $30 billion. However, successful promotion in the West along with the public listing of shares could significantly increase its capitalization.\n\n**Gaming boom**\n\nThis year, the messenger has seen a gaming boom. First, the game Notcoin took off with 35 million active users, and now Hamster Kombat is leading with 150 million. The games do not require investments, and to earn in-game currency, users only need to click on the screen. Before listing, the coins can only be exchanged for TON in the pre-market. After listing, they can be converted to fiat on crypto exchanges.\n\nGame developers, in turn, earn from ad displays. Hamster Kombat has 49 million subscribers on Telegram, 32 million on YouTube, and 11 million on Twitter. Part of the income forms the basis for future user rewards.\n\n**Conclusion**\n\nTelegram is showing good results in both expanding its user base and monetization. It may reach self-sufficiency this year, and further expansion is likely to lead to profit growth. Due to the close connection between the messenger and the cryptocurrency, positive trends will lead to the growth of TON in the long term.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: why-investing-in-gold-is-beneficial-right-now2024/06/29 11:57:18
digitalgoldcoinpublished a new post: why-investing-in-gold-is-beneficial-right-now
2024/06/29 11:57:18
| parent author | |
| parent permlink | trading |
| author | digitalgoldcoin |
| permlink | why-investing-in-gold-is-beneficial-right-now |
| title | Why Investing in Gold is Beneficial Right Now |
| body | Gold has traditionally been viewed as one of the most reliable investment assets, especially during times of economic instability. In recent years, several factors have made investing in gold even more attractive. Let’s explore why now is an especially advantageous time to invest in this precious metal.  **1. Inflation Hedge** One of the key arguments for investing in gold is its ability to protect capital from inflation. In periods of rising inflation, when the value of money declines, gold maintains its value. According to data from the World Gold Council, inflation in the US reached 4% in 2023, while in Europe it hit 5.4%. During the same period, gold prices increased by 6%, demonstrating its capability as a hedge against inflation risks. **2. Geopolitical Instability** Global geopolitical situations also enhance the attractiveness of gold as an investment tool. Conflicts in Eastern Europe, tensions between the US and China, and instability in the Middle East create uncertainty in financial markets. Investors often turn to gold in such periods because it retains its value regardless of political conditions. For instance, in 2023, amidst the escalation of the conflict in Ukraine, gold prices increased by 8%. **3. Declining Trust in Fiat Currencies** The declining trust in fiat currencies such as the US dollar and the euro also contributes to the growing popularity of gold. In times of financial market instability and economic crises, many investors prefer to convert their assets into gold. This is because gold is a physical asset that does not depend on the financial system or government policies. **4. Limited Supply and High Demand** Gold is a rare and non-renewable resource, which further increases its value. According to the World Gold Council, the annual global gold production is about 3,500 tons, while demand for gold remains consistently high. This leads to a steady increase in the prices of this metal. **5. Investment Opportunities** Modern technologies and financial instruments make investing in gold more accessible and diverse. Besides purchasing physical gold (bullion, coins), investors can use exchange-traded funds (ETFs), futures contracts, and other financial instruments, allowing for flexible investment management and risk minimization. In the current economic conditions characterized by high inflation, geopolitical instability, and declining trust in fiat currencies, investing in gold becomes especially relevant. This precious metal provides reliable capital protection and offers numerous opportunities for diversifying an investment portfolio. Considering all the factors mentioned above, now is an excellent time to invest in gold. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
| json metadata | {"tags":["trading","markets","gold","investing","metals"],"image":["https://cdn.steemitimages.com/DQmdZL7yGWpjBsdcGMVMUL1YG8Q7UtBWeTa4SFqBKvbnuVt/image.png"],"links":["https://gold.storage/","https://gold.storage/wp.pdf","https://t.me/digitalgoldcoin","https://steemit.com/@digitalgoldcoin","https://www.reddit.com/r/golderc20/"],"app":"steemit/0.2","format":"markdown"} |
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"title": "Why Investing in Gold is Beneficial Right Now",
"body": "Gold has traditionally been viewed as one of the most reliable investment assets, especially during times of economic instability. In recent years, several factors have made investing in gold even more attractive. Let’s explore why now is an especially advantageous time to invest in this precious metal.\n\n\n\n\n**1. Inflation Hedge**\nOne of the key arguments for investing in gold is its ability to protect capital from inflation. In periods of rising inflation, when the value of money declines, gold maintains its value. According to data from the World Gold Council, inflation in the US reached 4% in 2023, while in Europe it hit 5.4%. During the same period, gold prices increased by 6%, demonstrating its capability as a hedge against inflation risks.\n\n**2. Geopolitical Instability**\nGlobal geopolitical situations also enhance the attractiveness of gold as an investment tool. Conflicts in Eastern Europe, tensions between the US and China, and instability in the Middle East create uncertainty in financial markets. Investors often turn to gold in such periods because it retains its value regardless of political conditions. For instance, in 2023, amidst the escalation of the conflict in Ukraine, gold prices increased by 8%.\n\n**3. Declining Trust in Fiat Currencies**\nThe declining trust in fiat currencies such as the US dollar and the euro also contributes to the growing popularity of gold. In times of financial market instability and economic crises, many investors prefer to convert their assets into gold. This is because gold is a physical asset that does not depend on the financial system or government policies.\n\n**4. Limited Supply and High Demand**\nGold is a rare and non-renewable resource, which further increases its value. According to the World Gold Council, the annual global gold production is about 3,500 tons, while demand for gold remains consistently high. This leads to a steady increase in the prices of this metal.\n\n**5. Investment Opportunities**\nModern technologies and financial instruments make investing in gold more accessible and diverse. Besides purchasing physical gold (bullion, coins), investors can use exchange-traded funds (ETFs), futures contracts, and other financial instruments, allowing for flexible investment management and risk minimization.\n\nIn the current economic conditions characterized by high inflation, geopolitical instability, and declining trust in fiat currencies, investing in gold becomes especially relevant. This precious metal provides reliable capital protection and offers numerous opportunities for diversifying an investment portfolio. Considering all the factors mentioned above, now is an excellent time to invest in gold.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: is-a-summer-gold-surge-on-the-horizon2024/06/26 06:59:24
digitalgoldcoinpublished a new post: is-a-summer-gold-surge-on-the-horizon
2024/06/26 06:59:24
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | is-a-summer-gold-surge-on-the-horizon |
| title | "Is a Summer Gold Surge on the Horizon? |
| body | After the April breakout upwards, the gold market has taken a pause and has been consolidating between the levels of $2430 and $2280 for the past 2.5 months. However, as July approaches, more signals are indicating that gold is likely to break the $2430 level and resume its upward trend.  Looking at the history of the gold market, one can notice an interesting feature: this market tends to rise in mid-summer for over 40 years. Of course, this seasonal price pattern is not perfect, and I wouldn't rely solely on it if there weren't other signals confirming the likely increase. One of the most important signals I rely on is that the largest players in this market, whom the US government calls operators, have been increasing their long positions throughout all the downward fluctuations in this market over the past 4 weeks, which means something. An interesting fact is that these super players often act at moments when a seasonal price fluctuation is expected in the market, and this summer seems to be no exception. In addition to these signals, there are also technical signals in the form of bullish divergences on the daily chart, which add another plus in favor of a likely increase. As for the news background, the main rumor fueling gold's rise right now is that Israel is preparing for a possible confrontation with the Lebanese Hezbollah. All these signals, factors, and news together give me reason to believe that the gold market is likely to reach the price range of $2450 - $2520 in July - August of this year. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"permlink": "is-a-summer-gold-surge-on-the-horizon",
"title": "\"Is a Summer Gold Surge on the Horizon?",
"body": "After the April breakout upwards, the gold market has taken a pause and has been consolidating between the levels of $2430 and $2280 for the past 2.5 months. However, as July approaches, more signals are indicating that gold is likely to break the $2430 level and resume its upward trend.\n\n\n\n\nLooking at the history of the gold market, one can notice an interesting feature: this market tends to rise in mid-summer for over 40 years. Of course, this seasonal price pattern is not perfect, and I wouldn't rely solely on it if there weren't other signals confirming the likely increase.\n\nOne of the most important signals I rely on is that the largest players in this market, whom the US government calls operators, have been increasing their long positions throughout all the downward fluctuations in this market over the past 4 weeks, which means something. An interesting fact is that these super players often act at moments when a seasonal price fluctuation is expected in the market, and this summer seems to be no exception. In addition to these signals, there are also technical signals in the form of bullish divergences on the daily chart, which add another plus in favor of a likely increase.\n\nAs for the news background, the main rumor fueling gold's rise right now is that Israel is preparing for a possible confrontation with the Lebanese Hezbollah. All these signals, factors, and news together give me reason to believe that the gold market is likely to reach the price range of $2450 - $2520 in July - August of this year.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"gold\",\"trading\",\"banks\",\"marketing\"],\"image\":[\"https://cdn.steemitimages.com/DQmRomKLbT7foiVrZBBFJ1DnVnSSjRTEvw1U4HHQAHiMfuv/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinpublished a new post: bitcoin-going-to-the-moon2024/06/16 20:29:15
digitalgoldcoinpublished a new post: bitcoin-going-to-the-moon
2024/06/16 20:29:15
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | bitcoin-going-to-the-moon |
| title | Bitcoin going to the Moon |
| body | After the approval of the debut Bitcoin-ETFs, many technical analysts are predicting a multiple growth of the first cryptocurrency in the coming months. The inflow of investor funds into spot funds has indeed increased interest in the asset - the price has broken the past record, rising above $ 70000. But, whether it is worth operating only with charts - let's understand in detail. The effect of new liquidity and what to expect next  Large investors have insider information, invested in bitcoin at the start of the uptrend (shortly before the launch of ETF trading). Purchases by financial companies continue: the request volumes exceed the coin's issue rate by five and a half times (Happycoin Club data). According to the forecasts of Bitfinex and a number of experts, it is possible that the value of the asset will rise to $120000-125000 in the period from several months to six months. At the same time, fundamental factors remain unattended: Bitcoin's capitalization is already $1.36 trillion, which reduces the effect of subsequent injections; Summer is ahead - a period of correction and "calm" in the financial markets; The difference between demand and issuance will inevitably create a deficit, increase transaction costs, and reduce the attractiveness of the coin. Bitcoin's capitalization is already $1.36 trillion, which reduces the effect of subsequent injections; Summer is ahead - a period of correction and "lull" in financial markets; The difference between demand and issuance will inevitably create a deficit, increase transaction costs, and reduce the attractiveness of the coin. Regulatory measures for cryptocurrencies are at the stage of development and implementation, which deters investment. Current investments should be viewed as "test" investments. Spot ETFs were able to attract significant liquidity only in the U.S. - in most countries of the world there is no such interest. Probably, the asset is already "overheated" and a correction is expected. Then there will be consolidation in the "corridor". For the bitcoin price to reach $125,000, its capitalization should almost double. Such a huge inflow is unlikely during the overbought period and the subsequent consolidation. If the total value of all cryptocurrencies rises to at least the level of the US stock market ($41.4 trillion), the asset in question will have the potential to appreciate up to 15 times the current price. But, if bitcoin maintains its share of the crypto market (50% of the 2.754 trillion). It is also worth making adjustments for the increasing transaction fees, to take into account the factor of development of alternative projects (on more advanced blockchains). For example, etherium cannot yet return to the highs of late 2021. Bitcoin's growth is due to fundamental reasons, but a gradual slowdown is inevitable (as well as a decrease in volatility). A 20-30% annualized growth rate can be considered a good indicator. The tripling from the 2022 lows is a special case. The rise came from a low base. Also, analogies with the dynamics of the first years of bitcoin's existence are not correct (at that time the size of the crypto market was negligible). Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
| json metadata | {"tags":["bitcoin","trading","crypto","markets"],"image":["https://cdn.steemitimages.com/DQmfKKxcQSrj7pnW4t2NSRb7x3gszbfzJ1ExHidsboGYDHJ/image.png"],"links":["https://gold.storage/","https://gold.storage/wp.pdf","https://t.me/digitalgoldcoin","https://steemit.com/@digitalgoldcoin","https://www.reddit.com/r/golderc20/"],"app":"steemit/0.2","format":"markdown"} |
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"author": "digitalgoldcoin",
"permlink": "bitcoin-going-to-the-moon",
"title": "Bitcoin going to the Moon",
"body": "After the approval of the debut Bitcoin-ETFs, many technical analysts are predicting a multiple growth of the first cryptocurrency in the coming months. The inflow of investor funds into spot funds has indeed increased interest in the asset - the price has broken the past record, rising above $ 70000. But, whether it is worth operating only with charts - let's understand in detail.\n\nThe effect of new liquidity and what to expect next\n\n\n\nLarge investors have insider information, invested in bitcoin at the start of the uptrend (shortly before the launch of ETF trading). Purchases by financial companies continue: the request volumes exceed the coin's issue rate by five and a half times (Happycoin Club data). According to the forecasts of Bitfinex and a number of experts, it is possible that the value of the asset will rise to $120000-125000 in the period from several months to six months. At the same time, fundamental factors remain unattended:\n\nBitcoin's capitalization is already $1.36 trillion, which reduces the effect of subsequent injections;\n\nSummer is ahead - a period of correction and \"calm\" in the financial markets;\n\nThe difference between demand and issuance will inevitably create a deficit, increase transaction costs, and reduce the attractiveness of the coin.\n\nBitcoin's capitalization is already $1.36 trillion, which reduces the effect of subsequent injections;\n\nSummer is ahead - a period of correction and \"lull\" in financial markets;\n\nThe difference between demand and issuance will inevitably create a deficit, increase transaction costs, and reduce the attractiveness of the coin.\n\nRegulatory measures for cryptocurrencies are at the stage of development and implementation, which deters investment. Current investments should be viewed as \"test\" investments. Spot ETFs were able to attract significant liquidity only in the U.S. - in most countries of the world there is no such interest. Probably, the asset is already \"overheated\" and a correction is expected. Then there will be consolidation in the \"corridor\".\n\nFor the bitcoin price to reach $125,000, its capitalization should almost double. Such a huge inflow is unlikely during the overbought period and the subsequent consolidation.\n\nIf the total value of all cryptocurrencies rises to at least the level of the US stock market ($41.4 trillion), the asset in question will have the potential to appreciate up to 15 times the current price. But, if bitcoin maintains its share of the crypto market (50% of the 2.754 trillion). It is also worth making adjustments for the increasing transaction fees, to take into account the factor of development of alternative projects (on more advanced blockchains). For example, etherium cannot yet return to the highs of late 2021. Bitcoin's growth is due to fundamental reasons, but a gradual slowdown is inevitable (as well as a decrease in volatility).\n\nA 20-30% annualized growth rate can be considered a good indicator. The tripling from the 2022 lows is a special case. The rise came from a low base. Also, analogies with the dynamics of the first years of bitcoin's existence are not correct (at that time the size of the crypto market was negligible).\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-rush-20242024/06/11 12:51:42
digitalgoldcoinpublished a new post: gold-rush-2024
2024/06/11 12:51:42
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-rush-2024 |
| title | Gold Rush 2024 |
| body | To understand the events happening around precious metals, we first need to look at what the world's central banks have been doing in recent years. — If in 2020 central banks bought 300 tons of gold, then by 2022 their purchases exceeded 1,000 tons. — The expectations for 2024 are that central banks will buy at least 1,100 tons. — It is likely that in 2025 the volume of gold purchases by central banks will increase by at least another 5-8%. The reasons are clear. We have been talking about them for several years.  Redistribution of the structure of foreign exchange reserves, gradually moving away from the dollar and related instruments. Increasing global tensions. Declining trust in official inflation statistics, and overall declining trust in the financial system and fiat currencies. "International consulting company Capgemini released the World Wealth Report on the number of millionaires in the world and their total wealth for 2023. The company estimated that the number of wealthy individuals grew by 5.1% last year, reaching 22.8 million people. Their combined wealth also increased — by 4.7%, to $86.8 trillion." The reason is clear — the income growth of the wealthiest segments due to the rapid increase in the market capitalization of a significant number of publicly traded companies. Endless stock buybacks. And a global shortage of high-quality labor. The trend of increasing gold acquisitions by central banks is likely to continue in the coming years. **So what about the near future?** Apparently, another serious escalation between Israel and Hezbollah is unavoidable. Due to constant shelling, northern Israel is on fire today. About 100,000 people have been forced to leave their homes. It seems that in the next 2 weeks, there will be very severe confrontation. Hezbollah has several hundred thousand missiles, flying distances of over 300 kilometers. This is an army hardened by a long war with ISIS. This is a special forces trained in Iran. A confrontation with Hezbollah is a quasi-war with Iran. It's all very serious. At the same time, recently, US President Joe Biden allowed for the possibility of American military intervention in the event of a potential military conflict between China and Taiwan. China immediately responded that "threats will not shake China's resolve to defend the country's territorial integrity, and interference by other countries in the Taiwan issue is unacceptable." So, apparently, the world is unlikely to become more peaceful in the near future. This, in turn, means that gold still has room to grow. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Gold Rush 2024",
"body": "To understand the events happening around precious metals, we first need to look at what the world's central banks have been doing in recent years.\n\n— If in 2020 central banks bought 300 tons of gold, then by 2022 their purchases exceeded 1,000 tons.\n— The expectations for 2024 are that central banks will buy at least 1,100 tons.\n— It is likely that in 2025 the volume of gold purchases by central banks will increase by at least another 5-8%.\n\nThe reasons are clear. We have been talking about them for several years.\n\n\n\n\nRedistribution of the structure of foreign exchange reserves, gradually moving away from the dollar and related instruments.\nIncreasing global tensions.\nDeclining trust in official inflation statistics, and overall declining trust in the financial system and fiat currencies.\n\n\"International consulting company Capgemini released the World Wealth Report on the number of millionaires in the world and their total wealth for 2023. The company estimated that the number of wealthy individuals grew by 5.1% last year, reaching 22.8 million people. Their combined wealth also increased — by 4.7%, to $86.8 trillion.\"\n\nThe reason is clear — the income growth of the wealthiest segments due to the rapid increase in the market capitalization of a significant number of publicly traded companies. Endless stock buybacks. And a global shortage of high-quality labor.\n\nThe trend of increasing gold acquisitions by central banks is likely to continue in the coming years.\n\n**So what about the near future?**\n\nApparently, another serious escalation between Israel and Hezbollah is unavoidable. Due to constant shelling, northern Israel is on fire today. About 100,000 people have been forced to leave their homes.\nIt seems that in the next 2 weeks, there will be very severe confrontation.\n\nHezbollah has several hundred thousand missiles, flying distances of over 300 kilometers. This is an army hardened by a long war with ISIS. This is a special forces trained in Iran.\n\nA confrontation with Hezbollah is a quasi-war with Iran. It's all very serious.\n\nAt the same time, recently, US President Joe Biden allowed for the possibility of American military intervention in the event of a potential military conflict between China and Taiwan.\nChina immediately responded that \"threats will not shake China's resolve to defend the country's territorial integrity, and interference by other countries in the Taiwan issue is unacceptable.\"\n\nSo, apparently, the world is unlikely to become more peaceful in the near future. This, in turn, means that gold still has room to grow.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: bitcoin-flows-out-of-cryptocurrency-exchanges2024/06/07 08:46:54
digitalgoldcoinpublished a new post: bitcoin-flows-out-of-cryptocurrency-exchanges
2024/06/07 08:46:54
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | bitcoin-flows-out-of-cryptocurrency-exchanges |
| title | Bitcoin Flows Out of Cryptocurrency Exchanges |
| body | After setting a price record in mid-March, Bitcoin entered a prolonged consolidation phase. During this period, the combined balance of crypto exchanges decreased by 5% to 2.85 million BTC. This decrease is mainly due to the transfer of Bitcoin to cold wallets, which demonstrates a high level of expectation for further Bitcoin growth.  Young whales have shown significant activity in accumulation, adding $1 billion to their wallets daily. The head of the analytical firm CryptoQuant, Ki Young Ju, notes a strong similarity in their behavior to 2020. At that time, consolidation lasted about six months around $10,000, after which the price increased 2.5 times in three months. Key representatives of young whales include large institutional investors from the United States. According to 13F filings, it became known that a third of all capital inflows into spot ETFs in the first quarter (specifically $4 billion) were provided by companies with assets under management exceeding $100 million. The volume of American ETFs continues to grow and now stands at $14.1 billion. Moreover, major players are just getting a taste of it. For example, Marquette University finance professor David Krause believes that the Wisconsin State Investment Board (AUM: $156 billion) is currently evaluating public opinion after purchasing $150 million worth of BlackRock and Fidelity fund shares in the first quarter. In case of a positive response, Krause is confident that cryptocurrency investments will increase, and other pension funds will follow the Investment Board's example. Interest in cryptocurrency from institutional capital and the resumption of Bitcoin outflows to cold wallets create favorable conditions for further Bitcoin growth. The next event that could become a catalyst is the review of Franklin Templeton's application for a spot ETH ETF. The final decision date is June 11. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"permlink": "bitcoin-flows-out-of-cryptocurrency-exchanges",
"title": "Bitcoin Flows Out of Cryptocurrency Exchanges",
"body": "After setting a price record in mid-March, Bitcoin entered a prolonged consolidation phase. During this period, the combined balance of crypto exchanges decreased by 5% to 2.85 million BTC. This decrease is mainly due to the transfer of Bitcoin to cold wallets, which demonstrates a high level of expectation for further Bitcoin growth.\n\n\n\n\nYoung whales have shown significant activity in accumulation, adding $1 billion to their wallets daily. The head of the analytical firm CryptoQuant, Ki Young Ju, notes a strong similarity in their behavior to 2020. At that time, consolidation lasted about six months around $10,000, after which the price increased 2.5 times in three months. Key representatives of young whales include large institutional investors from the United States. According to 13F filings, it became known that a third of all capital inflows into spot ETFs in the first quarter (specifically $4 billion) were provided by companies with assets under management exceeding $100 million.\n\nThe volume of American ETFs continues to grow and now stands at $14.1 billion. Moreover, major players are just getting a taste of it. For example, Marquette University finance professor David Krause believes that the Wisconsin State Investment Board (AUM: $156 billion) is currently evaluating public opinion after purchasing $150 million worth of BlackRock and Fidelity fund shares in the first quarter. In case of a positive response, Krause is confident that cryptocurrency investments will increase, and other pension funds will follow the Investment Board's example.\n\nInterest in cryptocurrency from institutional capital and the resumption of Bitcoin outflows to cold wallets create favorable conditions for further Bitcoin growth. The next event that could become a catalyst is the review of Franklin Templeton's application for a spot ETH ETF. The final decision date is June 11.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"bitcoin\",\"crypto\",\"trading\",\"mems\",\"gold\"],\"image\":[\"https://cdn.steemitimages.com/DQmPMvwsbeEq8m7JpfSTeWabAX9LDa9irQgWqJxBHEhEZG9/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
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}digitalgoldcoinpublished a new post: banks-need-politically-neutral-gold2024/05/31 17:59:33
digitalgoldcoinpublished a new post: banks-need-politically-neutral-gold
2024/05/31 17:59:33
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | banks-need-politically-neutral-gold |
| title | Banks need politically neutral gold |
| body | Gold prices have risen sharply recently, driven by significant central bank buying. This trend suggests that the precious metal is increasingly seen as a geopolitical hedge, especially in the face of sanctions, reports Business Insider. An International Monetary Fund (IMF) official recently noted that gold could play a critical role in the potential fragmentation of the global economic and financial system. In light of recent disruptions such as the COVID-19 pandemic and the military conflict between Russia and Ukraine, many countries are re-evaluating their trading partners based on economic and national security considerations.  In particular, some nations are reconsidering their heavy reliance on the US dollar for international transactions and currency reserves. The rising demand for gold is largely due to its perception as a politically neutral and safe asset that can be held domestically and protected from sanctions or confiscation. Central banks accounted for a significant portion of global gold demand in 2022 and 2023, buying more than 1,000 tonnes annually, according to a recent report by the World Gold Council. The first quarter of 2024 was also the strongest first quarter on record for gold purchases. The use of the dollar as a political bargaining chip, particularly against Russia in the Ukraine conflict, has accelerated the move towards de-dollarisation. However, the US dollar remains deeply embedded in the global economy and most experts do not expect it to lose its dominance and status as the world's reserve currency in the near future. Nevertheless, countries around the world, particularly those allied to China, are increasingly hedging against political risk by accumulating alternative assets, particularly gold. Analysts at JPMorgan said in a March report that they expect central banks to continue buying gold this year, but to be less sensitive to price fluctuations. This suggests that gold prices are likely to remain high throughout 2024. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"parent_author": "",
"parent_permlink": "gold",
"author": "digitalgoldcoin",
"permlink": "banks-need-politically-neutral-gold",
"title": "Banks need politically neutral gold",
"body": "Gold prices have risen sharply recently, driven by significant central bank buying. This trend suggests that the precious metal is increasingly seen as a geopolitical hedge, especially in the face of sanctions, reports Business Insider.\n\nAn International Monetary Fund (IMF) official recently noted that gold could play a critical role in the potential fragmentation of the global economic and financial system. In light of recent disruptions such as the COVID-19 pandemic and the military conflict between Russia and Ukraine, many countries are re-evaluating their trading partners based on economic and national security considerations.\n\n\n\n\n\nIn particular, some nations are reconsidering their heavy reliance on the US dollar for international transactions and currency reserves. The rising demand for gold is largely due to its perception as a politically neutral and safe asset that can be held domestically and protected from sanctions or confiscation.\n\n\nCentral banks accounted for a significant portion of global gold demand in 2022 and 2023, buying more than 1,000 tonnes annually, according to a recent report by the World Gold Council. The first quarter of 2024 was also the strongest first quarter on record for gold purchases.\n\nThe use of the dollar as a political bargaining chip, particularly against Russia in the Ukraine conflict, has accelerated the move towards de-dollarisation. However, the US dollar remains deeply embedded in the global economy and most experts do not expect it to lose its dominance and status as the world's reserve currency in the near future.\n\nNevertheless, countries around the world, particularly those allied to China, are increasingly hedging against political risk by accumulating alternative assets, particularly gold.\n\nAnalysts at JPMorgan said in a March report that they expect central banks to continue buying gold this year, but to be less sensitive to price fluctuations. This suggests that gold prices are likely to remain high throughout 2024.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
"json_metadata": "{\"tags\":[\"gold\",\"trading\",\"banks\",\"russia\",\"ukraine\"],\"image\":[\"https://cdn.steemitimages.com/DQmcxWVpbkB9KZpBaihEUkimyP9PaE1jE5fc25g1bwzbxsv/image.png\"],\"links\":[\"https://gold.storage/\",\"https://gold.storage/wp.pdf\",\"https://t.me/digitalgoldcoin\",\"https://steemit.com/@digitalgoldcoin\",\"https://www.reddit.com/r/golderc20/\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}"
}
]
}2024/05/23 13:25:21
2024/05/23 13:25:21
| parent author | |
| parent permlink | trump |
| author | digitalgoldcoin |
| permlink | crypto-clash-how-the-2024-u-s-presidential-election-is-shaping-the-future-of-digital-currencies |
| title | Crypto Clash: How the 2024 U.S. Presidential Election is Shaping the Future of Digital Currencies |
| body | The U.S. presidential election, scheduled for November 5, 2024, is starting to have a significant impact on the cryptocurrency market. The topic of cryptocurrency continues to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the cryptocurrency community, which numbers over 46 million citizens in the U.S. - 22% of the adult population according to New York-based research agency NYDIG. Given the current administration's authoritarian tendencies towards cryptocurrency and cryptocurrency companies, the November elections are expected to bring regulatory relief.  **Trump and Biden’s Cryptocurrency Debates** The debates between the incumbent president Joe Biden and presidential candidate Donald Trump were announced by the CCN news channel on May 15, 2024. The incumbent president will have to answer a series of unpleasant questions regarding the implemented cryptocurrency regulation policies, which have led to an outflow of cryptocurrency capital, the closure of major companies, and high-profile lawsuits. Donald Trump, who has turned the topic of cryptocurrency into a weapon against his opponent, is likely to make loud pre-election promises that could lead to significant volatility in the cryptocurrency market, in addition to his attacks on the current state of affairs. The potential participation of Elon Musk, who has expressed readiness to host the debates, and independent candidate Robert Kennedy Jr., also known for his love of cryptocurrencies, could turn the debates from an election event into a cryptocurrency event. The first round of debates will take place on June 27, and the second on September 10. **Coins Without Technology and Product** Popular in the cryptocurrency market in 2024, meme tokens have emerged as a response to the position of the U.S. Securities and Exchange Commission (SEC), led by the main cryptocurrency villain Gary Gensler. According to the SEC's position, all cryptocurrency tokens issued by blockchain projects must be registered as securities. This makes sense: investors get to know the project, believe in its technology, and invest in the creation of the product by purchasing shares or tokens. Then meme tokens appeared in the cryptocurrency market - joke cryptocurrencies, which are not backed by technology or product development, making it impossible for the SEC to classify them as securities and, accordingly, charge the token creators with trading unregistered securities. Today, Coinmarketcap lists 2,283 meme tokens, which is only 10% of the total number of created meme tokens, and the combined capitalization of registered coins exceeds $60 billion USD. The meme coin market continues to grow - in April 2024, 183 new cryptocurrencies were issued compared to 18 in April 2023. The average increase in the value of new coins after launch is 1300%, so it's no surprise that these coins without products and technology have become so popular. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Crypto Clash: How the 2024 U.S. Presidential Election is Shaping the Future of Digital Currencies",
"body": "The U.S. presidential election, scheduled for November 5, 2024, is starting to have a significant impact on the cryptocurrency market. The topic of cryptocurrency continues to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the cryptocurrency community, which numbers over 46 million citizens in the U.S. - 22% of the adult population according to New York-based research agency NYDIG. Given the current administration's authoritarian tendencies towards cryptocurrency and cryptocurrency companies, the November elections are expected to bring regulatory relief.\n\n\n\n\n\n**Trump and Biden’s Cryptocurrency Debates**\n\nThe debates between the incumbent president Joe Biden and presidential candidate Donald Trump were announced by the CCN news channel on May 15, 2024. The incumbent president will have to answer a series of unpleasant questions regarding the implemented cryptocurrency regulation policies, which have led to an outflow of cryptocurrency capital, the closure of major companies, and high-profile lawsuits. Donald Trump, who has turned the topic of cryptocurrency into a weapon against his opponent, is likely to make loud pre-election promises that could lead to significant volatility in the cryptocurrency market, in addition to his attacks on the current state of affairs. The potential participation of Elon Musk, who has expressed readiness to host the debates, and independent candidate Robert Kennedy Jr., also known for his love of cryptocurrencies, could turn the debates from an election event into a cryptocurrency event. The first round of debates will take place on June 27, and the second on September 10.\n\n**Coins Without Technology and Product**\n\nPopular in the cryptocurrency market in 2024, meme tokens have emerged as a response to the position of the U.S. Securities and Exchange Commission (SEC), led by the main cryptocurrency villain Gary Gensler. According to the SEC's position, all cryptocurrency tokens issued by blockchain projects must be registered as securities. This makes sense: investors get to know the project, believe in its technology, and invest in the creation of the product by purchasing shares or tokens. Then meme tokens appeared in the cryptocurrency market - joke cryptocurrencies, which are not backed by technology or product development, making it impossible for the SEC to classify them as securities and, accordingly, charge the token creators with trading unregistered securities.\n\nToday, Coinmarketcap lists 2,283 meme tokens, which is only 10% of the total number of created meme tokens, and the combined capitalization of registered coins exceeds $60 billion USD. The meme coin market continues to grow - in April 2024, 183 new cryptocurrencies were issued compared to 18 in April 2023. The average increase in the value of new coins after launch is 1300%, so it's no surprise that these coins without products and technology have become so popular.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: chinese-buyers-suffer-from-counterfeit-gold2024/05/20 06:37:30
digitalgoldcoinpublished a new post: chinese-buyers-suffer-from-counterfeit-gold
2024/05/20 06:37:30
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | chinese-buyers-suffer-from-counterfeit-gold |
| title | Chinese buyers suffer from counterfeit gold |
| body | The recent rise in gold prices has sparked a 'gold rush' in China, but this has been accompanied by an increase in gold fraud. Not all buyers can tell real gold from fake gold at first sight. According to the country's government, thousands of Chinese have been tricked into spending money on 'fake gold' - low-grade or artificial gold - when they tried to buy 999 gold online. Fake gold is becoming a big problem in China as more and more Chinese want to invest their savings in the yellow precious metal,' said Sean Raine, managing director of China Market Research Group, as quoted by CNBC.  According to the World Gold Council (WGC), Chinese consumers bought 603 tonnes of gold jewellery last year, up 10 per cent on the previous year. The demand for gold, combined with ignorant Chinese consumers and investors who can't tell the difference between 24-carat gold and low-grade gold, has led to an increase in fraud cases," Rein added. One user who allegedly bought five gold pendants for 1,985 Chinese yuan (about US$280) on e-commerce platform Taobao said he discovered the gold was fake through a flame test. Fake gold darkens or takes on a greenish hue when exposed to a flame, while real gold becomes lighter when heated. Local media and consumer websites such as Heimao Tousu, a consumer platform run by technology giant Sina, have reported a rise in gold fraud. Counterfeiting is not a new phenomenon for China. The economic powerhouse is a world leader in counterfeit and pirated products, purchased by both buyers who are unaware they are buying fakes and buyers who are actively looking for fakes. Although online gold trading is growing rapidly, it accounts for only a small proportion of gold consumption in China, with most consumers still preferring to buy gold offline, according to the World Gold Council. The WGC reminds consumers not to trade the security of a purchase for suspiciously low prices," the international trade body said in an interview with CNBC. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Chinese buyers suffer from counterfeit gold",
"body": "The recent rise in gold prices has sparked a 'gold rush' in China, but this has been accompanied by an increase in gold fraud. Not all buyers can tell real gold from fake gold at first sight. \n\nAccording to the country's government, thousands of Chinese have been tricked into spending money on 'fake gold' - low-grade or artificial gold - when they tried to buy 999 gold online.\nFake gold is becoming a big problem in China as more and more Chinese want to invest their savings in the yellow precious metal,' said Sean Raine, managing director of China Market Research Group, as quoted by CNBC.\n\n\n\n\n\nAccording to the World Gold Council (WGC), Chinese consumers bought 603 tonnes of gold jewellery last year, up 10 per cent on the previous year. The demand for gold, combined with ignorant Chinese consumers and investors who can't tell the difference between 24-carat gold and low-grade gold, has led to an increase in fraud cases,\" Rein added.\n\nOne user who allegedly bought five gold pendants for 1,985 Chinese yuan (about US$280) on e-commerce platform Taobao said he discovered the gold was fake through a flame test. Fake gold darkens or takes on a greenish hue when exposed to a flame, while real gold becomes lighter when heated.\n\nLocal media and consumer websites such as Heimao Tousu, a consumer platform run by technology giant Sina, have reported a rise in gold fraud. Counterfeiting is not a new phenomenon for China. The economic powerhouse is a world leader in counterfeit and pirated products, purchased by both buyers who are unaware they are buying fakes and buyers who are actively looking for fakes.\n\nAlthough online gold trading is growing rapidly, it accounts for only a small proportion of gold consumption in China, with most consumers still preferring to buy gold offline, according to the World Gold Council. The WGC reminds consumers not to trade the security of a purchase for suspiciously low prices,\" the international trade body said in an interview with CNBC.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: african-and-middle-eastern-countries-seek-to-move-gold-out-of-the-us2024/05/15 05:24:00
digitalgoldcoinpublished a new post: african-and-middle-eastern-countries-seek-to-move-gold-out-of-the-us
2024/05/15 05:24:00
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | african-and-middle-eastern-countries-seek-to-move-gold-out-of-the-us |
| title | African and Middle Eastern countries seek to move gold out of the US |
| body | Amid growing concerns about the stability of the US economy, several African and Middle Eastern countries have begun moving their gold reserves out of the US in recent months, reports the Houston Post. The trend marks a significant shift in global economic dynamics and underscores the countries' growing scepticism about the traditional safe haven status of the US dollar and American financial institutions.  The decision to bring gold reserves home is not just symbolic; it reflects a deeper concern among these countries about the direction of the US economy. The countries that have taken such action include Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt and Saudi Arabia, all representing important regions of Africa and the Middle East. The main reason for the seizures is the deteriorating economic situation in the US. Persistent inflation, rising debt and concerns about the Federal Reserve's ability to maintain a stable monetary policy have weakened confidence in the US dollar, the article says. In addition, geopolitical tensions and uncertainty over trade relations have fuelled fears among foreign governments. For countries in Africa and the Middle East, securing a gold reserve is not only a matter of economic prudence but also a strategic imperative. Gold has always been seen as a store of value in turbulent economic times, as well as a hedge against currency devaluation and geopolitical instability. By repatriating their gold reserves, these countries are looking to protect themselves from potential financial collapse and secure their wealth at home. In the Middle East, Saudi Arabia's decision to withdraw its gold reserves from the US has sent shockwaves through global markets. The kingdom's move is seen as a strategic manoeuvre to protect its financial assets amid growing geopolitical tensions and uncertainty in the region. Egypt and South Africa, two other major economies, have also taken steps to repatriate their gold reserves, signalling a coordinated effort by African and Middle Eastern countries to reduce their exposure to US economic risks, the Houston Post reported. While the immediate impact on the US economy may be limited, the long-term implications of this trend are profound and could change the global financial landscape. |
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"body": "Amid growing concerns about the stability of the US economy, several African and Middle Eastern countries have begun moving their gold reserves out of the US in recent months, reports the Houston Post.\n\nThe trend marks a significant shift in global economic dynamics and underscores the countries' growing scepticism about the traditional safe haven status of the US dollar and American financial institutions.\n\n\n\n\n\nThe decision to bring gold reserves home is not just symbolic; it reflects a deeper concern among these countries about the direction of the US economy. The countries that have taken such action include Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt and Saudi Arabia, all representing important regions of Africa and the Middle East.\n\nThe main reason for the seizures is the deteriorating economic situation in the US. Persistent inflation, rising debt and concerns about the Federal Reserve's ability to maintain a stable monetary policy have weakened confidence in the US dollar, the article says. In addition, geopolitical tensions and uncertainty over trade relations have fuelled fears among foreign governments.\n\nFor countries in Africa and the Middle East, securing a gold reserve is not only a matter of economic prudence but also a strategic imperative. Gold has always been seen as a store of value in turbulent economic times, as well as a hedge against currency devaluation and geopolitical instability. By repatriating their gold reserves, these countries are looking to protect themselves from potential financial collapse and secure their wealth at home.\n\nIn the Middle East, Saudi Arabia's decision to withdraw its gold reserves from the US has sent shockwaves through global markets. The kingdom's move is seen as a strategic manoeuvre to protect its financial assets amid growing geopolitical tensions and uncertainty in the region.\n\nEgypt and South Africa, two other major economies, have also taken steps to repatriate their gold reserves, signalling a coordinated effort by African and Middle Eastern countries to reduce their exposure to US economic risks, the Houston Post reported. While the immediate impact on the US economy may be limited, the long-term implications of this trend are profound and could change the global financial landscape.",
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}digitalgoldcoinpublished a new post: will-gold-rise2024/05/06 13:52:12
digitalgoldcoinpublished a new post: will-gold-rise
2024/05/06 13:52:12
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | will-gold-rise |
| title | Will gold rise? |
| body | The XAU/USD pair is declining in Thursday trading, retreating from the local high of $2,328 per ounce reached the day before. Gold is trading at $2,310, while market participants continue to analyze the macroeconomic background from the United States. Following a meeting on Wednesday, the leadership of the Federal Reserve System (FRS) decided to keep the interest rate at 5.50% for the sixth time in a row, arguing that the “tough” position is still high inflation in the United States, which limits the regulator’s ability to ease monetary policy. Moreover, commenting on the decision, the head of the department, Jerome Powell, noted that the regulator is currently not confident that the growth rate of consumer prices will reach target values in the near future. Powell also repeated that further decisions of the “central bank” will depend on incoming macroeconomic reports, as well as on the inflation situation in the economy. At the same time, the current restrictive monetary policy may continue for a longer time than predicted at the beginning of this year.  Despite the fact that the Fed’s rhetoric remained “tough”, and market participants are still confident that the decision on the first rate cut in the US will be agreed upon no earlier than September, the American currency has faced local resistance from sellers. In particular, at the end of the day the dollar index (DXY) fell by more than 0.5% and returned to the 105.50 area where it was trading at the beginning of the week. Market participants attribute such dollar dynamics to ambiguous macroeconomic statistics, which were published intraday. Thus, the index of business activity in the manufacturing sector from the Institute for Supply Management (ISM) in April decreased from 50.3 points to 49.2 points with a forecast of a decline to 50 points, while a report from Automatic Data Processing (ADP) on employment in the private sector showed a decrease in the number of jobs from 208 thousand to 192 thousand. Today, the dollar also remains under pressure, but market sentiment may change tomorrow, when data on the US labor market (nonfarm payrolls) and the ISM service sector activity index are presented to traders. This time, statistics may support the position of the dollar, which will negatively affect gold, given the inverse correlation of the metal with the US currency. Thus, the current levels of the XAU/USD pair can be used for more profitable sales. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The XAU/USD pair is declining in Thursday trading, retreating from the local high of $2,328 per ounce reached the day before. Gold is trading at $2,310, while market participants continue to analyze the macroeconomic background from the United States.\n\nFollowing a meeting on Wednesday, the leadership of the Federal Reserve System (FRS) decided to keep the interest rate at 5.50% for the sixth time in a row, arguing that the “tough” position is still high inflation in the United States, which limits the regulator’s ability to ease monetary policy. Moreover, commenting on the decision, the head of the department, Jerome Powell, noted that the regulator is currently not confident that the growth rate of consumer prices will reach target values in the near future. Powell also repeated that further decisions of the “central bank” will depend on incoming macroeconomic reports, as well as on the inflation situation in the economy. At the same time, the current restrictive monetary policy may continue for a longer time than predicted at the beginning of this year.\n\n\n\n\nDespite the fact that the Fed’s rhetoric remained “tough”, and market participants are still confident that the decision on the first rate cut in the US will be agreed upon no earlier than September, the American currency has faced local resistance from sellers. In particular, at the end of the day the dollar index (DXY) fell by more than 0.5% and returned to the 105.50 area where it was trading at the beginning of the week. Market participants attribute such dollar dynamics to ambiguous macroeconomic statistics, which were published intraday. Thus, the index of business activity in the manufacturing sector from the Institute for Supply Management (ISM) in April decreased from 50.3 points to 49.2 points with a forecast of a decline to 50 points, while a report from Automatic Data Processing (ADP) on employment in the private sector showed a decrease in the number of jobs from 208 thousand to 192 thousand. Today, the dollar also remains under pressure, but market sentiment may change tomorrow, when data on the US labor market (nonfarm payrolls) and the ISM service sector activity index are presented to traders. This time, statistics may support the position of the dollar, which will negatively affect gold, given the inverse correlation of the metal with the US currency. Thus, the current levels of the XAU/USD pair can be used for more profitable sales.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinreceived 0.030 SBD, 0.112 SP author reward for @digitalgoldcoin / gold-continues-to-rise-in-spite-of-most-fundamental-factors2024/05/06 09:21:48
digitalgoldcoinreceived 0.030 SBD, 0.112 SP author reward for @digitalgoldcoin / gold-continues-to-rise-in-spite-of-most-fundamental-factors
2024/05/06 09:21:48
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}digitalgoldcoinreceived 0.035 STEEM, 0.019 SBD, 0.111 SP author reward for @digitalgoldcoin / is-gold-expensive-some-people-think-it-is-still-very-cheap2024/05/01 17:38:48
digitalgoldcoinreceived 0.035 STEEM, 0.019 SBD, 0.111 SP author reward for @digitalgoldcoin / is-gold-expensive-some-people-think-it-is-still-very-cheap
2024/05/01 17:38:48
| author | digitalgoldcoin |
| permlink | is-gold-expensive-some-people-think-it-is-still-very-cheap |
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| steem payout | 0.035 STEEM |
| vesting payout | 180.624127 VESTS |
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}pocket-changereplied to @digitalgoldcoin / scpfft2024/04/29 12:45:30
pocket-changereplied to @digitalgoldcoin / scpfft
2024/04/29 12:45:30
| parent author | digitalgoldcoin |
| parent permlink | is-gold-expensive-some-people-think-it-is-still-very-cheap |
| author | pocket-change |
| permlink | scpfft |
| title | |
| body | People sell their Silver and Gold, usually as a last resort, to make ends meet... People are hurting right now... Just so you know, I think our Common U.S. Coinage will soon be "making change" for our New Product Line of "Circulating" Silver and Gold Coins, which will cause our Common U.S. Coinage to increase 100 Fold in "Spending Power"... I like what you've been writing... |
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"author": "pocket-change",
"permlink": "scpfft",
"title": "",
"body": "People sell their Silver and Gold, usually as a last resort, to make ends meet... People are hurting right now... Just so you know, I think our Common U.S. Coinage will soon be \"making change\" for our New Product Line of \"Circulating\" Silver and Gold Coins, which will cause our Common U.S. Coinage to increase 100 Fold in \"Spending Power\"... I like what you've been writing...",
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}2024/04/29 12:41:12
2024/04/29 12:41:12
| voter | pocket-change |
| author | digitalgoldcoin |
| permlink | is-gold-expensive-some-people-think-it-is-still-very-cheap |
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}2024/04/29 12:40:18
2024/04/29 12:40:18
| voter | pocket-change |
| author | digitalgoldcoin |
| permlink | gold-continues-to-rise-in-spite-of-most-fundamental-factors |
| weight | 10000 (100.00%) |
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}pocket-changereplied to @digitalgoldcoin / scpf6o2024/04/29 12:40:00
pocket-changereplied to @digitalgoldcoin / scpf6o
2024/04/29 12:40:00
| parent author | digitalgoldcoin |
| parent permlink | gold-continues-to-rise-in-spite-of-most-fundamental-factors |
| author | pocket-change |
| permlink | scpf6o |
| title | |
| body | Once we return to the use of "Circulating" Silver and Gold Coins, the Melt Value of Silver will be 900 per ounce, and the Melt Value of Gold will be 9,000 per ounce, "if" measured in Fiat Dollars... We'll be measuring in Sound Money, which will be $9 for Silver and $9 for Gold... Our "Circulating" Silver and Gold Coins will range from $2 to $100... |
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"author": "pocket-change",
"permlink": "scpf6o",
"title": "",
"body": "Once we return to the use of \"Circulating\" Silver and Gold Coins, the Melt Value of Silver will be 900 per ounce, and the Melt Value of Gold will be 9,000 per ounce, \"if\" measured in Fiat Dollars... We'll be measuring in Sound Money, which will be $9 for Silver and $9 for Gold... Our \"Circulating\" Silver and Gold Coins will range from $2 to $100...",
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}digitalgoldcoinpublished a new post: gold-continues-to-rise-in-spite-of-most-fundamental-factors2024/04/29 09:27:09
digitalgoldcoinpublished a new post: gold-continues-to-rise-in-spite-of-most-fundamental-factors
2024/04/29 09:27:09
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-continues-to-rise-in-spite-of-most-fundamental-factors |
| title | Gold continues to rise in spite of most fundamental factors. |
| body | @@ -2689,8 +2689,241 @@ ght now. +%0AWebsite : https://gold.storage/%0A%0AWhitepaper: https://gold.storage/wp.pdf%0A%0AFollow us on social media:%0A%0ATelegram: https://t.me/digitalgoldcoin%0A%0ASteemit: https://steemit.com/@digitalgoldcoin%0A%0AReddit: https://www.reddit.com/r/golderc20/ |
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"title": "Gold continues to rise in spite of most fundamental factors.",
"body": "@@ -2689,8 +2689,241 @@\n ght now.\n+%0AWebsite : https://gold.storage/%0A%0AWhitepaper: https://gold.storage/wp.pdf%0A%0AFollow us on social media:%0A%0ATelegram: https://t.me/digitalgoldcoin%0A%0ASteemit: https://steemit.com/@digitalgoldcoin%0A%0AReddit: https://www.reddit.com/r/golderc20/\n",
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}digitalgoldcoinpublished a new post: gold-continues-to-rise-in-spite-of-most-fundamental-factors2024/04/29 09:21:48
digitalgoldcoinpublished a new post: gold-continues-to-rise-in-spite-of-most-fundamental-factors
2024/04/29 09:21:48
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-continues-to-rise-in-spite-of-most-fundamental-factors |
| title | Gold continues to rise in spite of most fundamental factors. |
| body | If you ask the average investor what is driving the gold price up, the answers are most often: *growing inflation. However, inflation is much lower now than it was a year ago *increased buying of gold ETFs. However, gold ETFs are on the contrary being sold off by investors *low interest rates. However, central bank rates are at their highest levels in 3 decades To these points we can add one more, not the most obvious one. The increase in gold coin sales, should help the gold price rise. Let's see what is happening in this market.  And what is happening in this market is as follows. Sales of gold coins are not increasing, but decreasing! The best proof of the problems with gold coin sales comes from the United States Mint, the national mint of the United States. After shipping 123,000 troy ounces of gold in the form of American Eagle gold coins in January, that figure dropped to 19,500 ounces in February. March saw a further decline to 12,000 troy ounces, which corresponds to the lowest level of sales since December 2022. Compared to the same period last year, significant declines were recorded in January (minus 25%), February (minus 66%) and March (minus 94%). This led to an annualised fall of 65% in the first quarter of 2024. Interest in Australian gold coins and bars has also plummeted. For example, the Australian Mint reported a sharp drop in interest in buying gold in March. 16,442 troy ounces of gold were sold, down 65 per cent from the previous month and even 80 per cent from the twelve-month period. The last time things were even worse was in June 2019. By comparison, Australians were able to sell more than 180,000 troy ounces of gold in November 2022. German precious metals sellers are also reporting increased profit taking on gold bars and coins. Sellers are now clearly in the majority, which has significantly increased the supply of the available commodity. As a result, demand for freshly minted gold coins has virtually collapsed. After all, for most gold buyers, it doesn't matter whether a gold coin is "brand new" or was issued in previous years and is in good condition (no scratches or blemishes). The massive wave of sales has resulted in premiums for gold bars and gold coins being at extremely low levels historically. Typically, gold buyers get more gold for their money when buying bullion than they do for coins of identical weight. However, this supposed law of the market is not currently in effect, so the exact opposite situation is now occurring. This is further proof that we are not experiencing "normal" times right now. |
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"title": "Gold continues to rise in spite of most fundamental factors.",
"body": "If you ask the average investor what is driving the gold price up, the answers are most often:\n\n*growing inflation. However, inflation is much lower now than it was a year ago\n*increased buying of gold ETFs. However, gold ETFs are on the contrary being sold off by investors\n*low interest rates. However, central bank rates are at their highest levels in 3 decades\n\nTo these points we can add one more, not the most obvious one. The increase in gold coin sales, should help the gold price rise. Let's see what is happening in this market.\n\n\n\n\n\nAnd what is happening in this market is as follows. Sales of gold coins are not increasing, but decreasing! The best proof of the problems with gold coin sales comes from the United States Mint, the national mint of the United States. After shipping 123,000 troy ounces of gold in the form of American Eagle gold coins in January, that figure dropped to 19,500 ounces in February.\n\nMarch saw a further decline to 12,000 troy ounces, which corresponds to the lowest level of sales since December 2022. Compared to the same period last year, significant declines were recorded in January (minus 25%), February (minus 66%) and March (minus 94%). This led to an annualised fall of 65% in the first quarter of 2024.\nInterest in Australian gold coins and bars has also plummeted. For example, the Australian Mint reported a sharp drop in interest in buying gold in March. 16,442 troy ounces of gold were sold, down 65 per cent from the previous month and even 80 per cent from the twelve-month period.\n\nThe last time things were even worse was in June 2019. By comparison, Australians were able to sell more than 180,000 troy ounces of gold in November 2022.\n\nGerman precious metals sellers are also reporting increased profit taking on gold bars and coins. Sellers are now clearly in the majority, which has significantly increased the supply of the available commodity.\n\nAs a result, demand for freshly minted gold coins has virtually collapsed. After all, for most gold buyers, it doesn't matter whether a gold coin is \"brand new\" or was issued in previous years and is in good condition (no scratches or blemishes).\n\nThe massive wave of sales has resulted in premiums for gold bars and gold coins being at extremely low levels historically. Typically, gold buyers get more gold for their money when buying bullion than they do for coins of identical weight. However, this supposed law of the market is not currently in effect, so the exact opposite situation is now occurring. This is further proof that we are not experiencing \"normal\" times right now.",
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}2024/04/24 17:42:18
2024/04/24 17:42:18
| voter | armadilloman |
| author | digitalgoldcoin |
| permlink | is-gold-expensive-some-people-think-it-is-still-very-cheap |
| weight | 10000 (100.00%) |
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}digitalgoldcoinpublished a new post: is-gold-expensive-some-people-think-it-is-still-very-cheap2024/04/24 17:38:48
digitalgoldcoinpublished a new post: is-gold-expensive-some-people-think-it-is-still-very-cheap
2024/04/24 17:38:48
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | is-gold-expensive-some-people-think-it-is-still-very-cheap |
| title | Is gold expensive? Some people think it is still very cheap! |
| body | It is psychologically hard to invest in gold at $2,300-$2,400 per troy ounce. After all, a year ago, no one wanted to buy it even at $2000. It also didn't seem like a very wise investment. But what if we look at the situation from the other side? In a report published last week, David Rosenberg, founder of Rosenberg Research, said that even at these high prices, gold still has a lot of upside potential, and now is the time to increase the weight of this asset in your investment portfolio. "Any well-diversified portfolio should contain gold and we currently recommend aggressive overweighting. This will serve as a hedge against geopolitical and fiscal risks, provide a safe haven in case a bullish rally in equities is derailed, as well as providing a positive view on the upcoming easing cycle and period of dollar weakness. Don't be afraid to buy gold at current prices," Rosenberg said in the report. According to the expert, under current conditions, his base scenario is for gold to reach the level of $2,500 per ounce. He added that any number of catalysts could even push prices to $3,000 an ounce. "The bullish outlook comes amid gold prices holding steady above $2,350 an ounce. Rosenberg noted that gold is not only outperforming the S&P 500, but is gaining ground in what has traditionally been a difficult environment. "The rise in gold prices has occurred during a period of a stronger dollar, lower inflation expectations, and a period when the Fed has shifted market expectations towards 'higher and longer.' All of these events usually have a negative impact on the gold price, but it has continued to rise," he said. However, he added that the broader gold market is not just focused on macroeconomic conditions in the US. Rosenberg noted that gold has risen significantly against all major world currencies.  Rosenberg said the biggest factor supporting gold prices remains active central bank purchases as countries diversify away from over-reliance on the US dollar. China's central bank has been the dominant buyer of gold over the past two years and has bought gold for 17 consecutive months. At the same time, emerging markets are seeing strong physical demand from retail investors looking to protect their wealth and purchasing power. Finally, Rosenberg noted that gold continues to be a favourable asset as economic risks and geopolitical uncertainty dominate global financial markets. While gold has largely ignored the threat of the U.S. Federal Reserve holding interest rates at restrictive levels longer than expected, Rosenberg said he expects traditional correlations to emerge when the Federal Reserve begins to cut interest rates. Rosenberg's team has developed a comprehensive gold market model. In the first scenario, where the U.S. economy avoids recession, Rosenberg sees a 10 per cent rise in gold prices when the central bank starts cutting interest rates. Under this model, interest rates exceed post-2008 financial crisis levels. At the same time, if a recession does occur, leading interest rates to fall to the average levels seen over the past decade, Rosenberg sees a 15 per cent rise in gold prices. "Combining these observations with our modelling calculations, we can conclude that the downside risk to the gold price is limited, but there is still plenty of room for upside," he said. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Is gold expensive? Some people think it is still very cheap!",
"body": "It is psychologically hard to invest in gold at $2,300-$2,400 per troy ounce. After all, a year ago, no one wanted to buy it even at $2000. It also didn't seem like a very wise investment. But what if we look at the situation from the other side?\nIn a report published last week, David Rosenberg, founder of Rosenberg Research, said that even at these high prices, gold still has a lot of upside potential, and now is the time to increase the weight of this asset in your investment portfolio.\n\n\"Any well-diversified portfolio should contain gold and we currently recommend aggressive overweighting. This will serve as a hedge against geopolitical and fiscal risks, provide a safe haven in case a bullish rally in equities is derailed, as well as providing a positive view on the upcoming easing cycle and period of dollar weakness. Don't be afraid to buy gold at current prices,\" Rosenberg said in the report.\n\nAccording to the expert, under current conditions, his base scenario is for gold to reach the level of $2,500 per ounce. He added that any number of catalysts could even push prices to $3,000 an ounce. \"The bullish outlook comes amid gold prices holding steady above $2,350 an ounce.\n \nRosenberg noted that gold is not only outperforming the S&P 500, but is gaining ground in what has traditionally been a difficult environment.\n\n\"The rise in gold prices has occurred during a period of a stronger dollar, lower inflation expectations, and a period when the Fed has shifted market expectations towards 'higher and longer.' All of these events usually have a negative impact on the gold price, but it has continued to rise,\" he said.\n\nHowever, he added that the broader gold market is not just focused on macroeconomic conditions in the US. Rosenberg noted that gold has risen significantly against all major world currencies.\n\n\n\n\nRosenberg said the biggest factor supporting gold prices remains active central bank purchases as countries diversify away from over-reliance on the US dollar. China's central bank has been the dominant buyer of gold over the past two years and has bought gold for 17 consecutive months.\n\nAt the same time, emerging markets are seeing strong physical demand from retail investors looking to protect their wealth and purchasing power. Finally, Rosenberg noted that gold continues to be a favourable asset as economic risks and geopolitical uncertainty dominate global financial markets.\n\nWhile gold has largely ignored the threat of the U.S. Federal Reserve holding interest rates at restrictive levels longer than expected, Rosenberg said he expects traditional correlations to emerge when the Federal Reserve begins to cut interest rates.\n\nRosenberg's team has developed a comprehensive gold market model. In the first scenario, where the U.S. economy avoids recession, Rosenberg sees a 10 per cent rise in gold prices when the central bank starts cutting interest rates. Under this model, interest rates exceed post-2008 financial crisis levels.\n\nAt the same time, if a recession does occur, leading interest rates to fall to the average levels seen over the past decade, Rosenberg sees a 15 per cent rise in gold prices.\n\n\"Combining these observations with our modelling calculations, we can conclude that the downside risk to the gold price is limited, but there is still plenty of room for upside,\" he said.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: is-gold-no-longer-a-risky-asset2024/04/19 16:25:06
digitalgoldcoinpublished a new post: is-gold-no-longer-a-risky-asset
2024/04/19 16:25:06
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | is-gold-no-longer-a-risky-asset |
| title | Is gold no longer a risky asset? |
| body | The question itself is very ironic. Since when is gold a risky asset? For the past 5000 years, people have been buying and storing it. So that in times of wars, natural disasters, inflation, etc., to preserve their savings. However, over the past decade, something went wrong. Gold started to move along with risky assets. A financial crisis? Stocks, cryptocurrencies and gold fall. Pandemic? Same thing. Rising inflation? Gold doesn't want to rise again.  But on the night Iran attacked Israel with missiles and drones, everything finally fell into place. All risk assets collapsed. This was especially noticeable in the cryptocurrency market. However, gold went the other way. It started to rise to new all-time highs. This is a major paradigm shift. The rules of the game have changed. And gold returns to its historical function - to grow when all risky assets are declining. Or are sold off in panic at any price. What does that tell us? Perhaps the next decade will bring no more big drawdowns in the gold market. Any dips will be bought back. And rising tensions in geopolitics + problems with the U.S. government debt will be an additional growth driver. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"permlink": "is-gold-no-longer-a-risky-asset",
"title": "Is gold no longer a risky asset?",
"body": "The question itself is very ironic. Since when is gold a risky asset? For the past 5000 years, people have been buying and storing it. So that in times of wars, natural disasters, inflation, etc., to preserve their savings.\n\nHowever, over the past decade, something went wrong. Gold started to move along with risky assets. A financial crisis? Stocks, cryptocurrencies and gold fall. Pandemic? Same thing. Rising inflation? Gold doesn't want to rise again.\n\n\nBut on the night Iran attacked Israel with missiles and drones, everything finally fell into place. All risk assets collapsed. This was especially noticeable in the cryptocurrency market. However, gold went the other way. It started to rise to new all-time highs.\n\nThis is a major paradigm shift. The rules of the game have changed. And gold returns to its historical function - to grow when all risky assets are declining. Or are sold off in panic at any price.\n\nWhat does that tell us? Perhaps the next decade will bring no more big drawdowns in the gold market. Any dips will be bought back. And rising tensions in geopolitics + problems with the U.S. government debt will be an additional growth driver.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: bitcoin-could-grow-for-a-long-time-to-come2024/04/14 14:57:51
digitalgoldcoinpublished a new post: bitcoin-could-grow-for-a-long-time-to-come
2024/04/14 14:57:51
| parent author | |
| parent permlink | btc |
| author | digitalgoldcoin |
| permlink | bitcoin-could-grow-for-a-long-time-to-come |
| title | Bitcoin could grow for a long time to come. |
| body | Deutsche Bank conducted a survey of more than 3,600 of the bank's clients from the US, UK and EU countries. According to the survey, only 10% of respondents believe that the price of bitcoin will exceed $75,000 by the end of 2024. According to a survey conducted by Deutsche Bank, Germany's largest financial conglomerate by number of employees and assets, a third of participants believe bitcoin will be worth less than $20,000 by next year. 38% of respondents suggested bitcoin will disappear altogether. 15% assume the first cryptocurrency will trade in a range above $40,000 but below $75,000. Less than 1% of respondents called bitcoin speculation, and are confident that it will disappear soon.  **What needs to be understood?** 1. It is important to realize that the survey was not conducted among ordinary German residents. It was conducted among their clients, including foreign clients. Otherwise, the results would be even worse. 2. Even among survey participants who are at least well-versed in personal finance, there is a high percentage of those who have little understanding of bitcoin. 3. how else to explain that more than a third of respondents believe that bitcoin will disappear altogether. In layman's terms, it will become worth 0.01$ or so. A trifle, dust, nothing at all. That is, none of these people has not thought that at a price of 0.01$ for 1 BTC, the total capitalization of bitcoin will be equal to $200,000. And perhaps every 3-4 Deutsche Bank customers could personally buy all 19 million BTCs 4. Only 10% believe that by the end of the year bitcoin will be worth more than $75,000. But! That's only a 5-10% increase from current levels, after all. Perhaps most Deutsche Bank customers simply don't know how much bitcoin is worth at the moment. 5. What does this tell us? Only that there are still a huge number of investors in the world who do not even think about investing in cryptocurrencies. But 10 years ago, there were 10 times more such investors. Every year, more and more people come to the cryptocurrency market. Some of them, want to protect themselves from inflation, others want to diversify their assets. Still others simply can no longer watch as BTC, after every halving, continues to update the highs. Sooner or later, many of these investors will start buying bitcoin, shifting the supply/demand balance towards the upside. Especially against the backdrop of Deutsche Bank's commentary below. Deutsche Bank emphasized that the number of customers who regard bitcoin and other virtual assets with distrust is gradually decreasing. One of the reasons for the decrease in the number of skeptical users is indicated by the introduction of spot ETFs for bitcoin on the U.S. stock market. |
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"body": "Deutsche Bank conducted a survey of more than 3,600 of the bank's clients from the US, UK and EU countries. According to the survey, only 10% of respondents believe that the price of bitcoin will exceed $75,000 by the end of 2024.\n\nAccording to a survey conducted by Deutsche Bank, Germany's largest financial conglomerate by number of employees and assets, a third of participants believe bitcoin will be worth less than $20,000 by next year. 38% of respondents suggested bitcoin will disappear altogether. 15% assume the first cryptocurrency will trade in a range above $40,000 but below $75,000. Less than 1% of respondents called bitcoin speculation, and are confident that it will disappear soon.\n\n\n\n\n\n**What needs to be understood?**\n\n1. It is important to realize that the survey was not conducted among ordinary German residents. It was conducted among their clients, including foreign clients. Otherwise, the results would be even worse.\n\n2. Even among survey participants who are at least well-versed in personal finance, there is a high percentage of those who have little understanding of bitcoin.\n\n3. how else to explain that more than a third of respondents believe that bitcoin will disappear altogether. In layman's terms, it will become worth 0.01$ or so. A trifle, dust, nothing at all.\n\nThat is, none of these people has not thought that at a price of 0.01$ for 1 BTC, the total capitalization of bitcoin will be equal to $200,000. And perhaps every 3-4 Deutsche Bank customers could personally buy all 19 million BTCs\n\n4. Only 10% believe that by the end of the year bitcoin will be worth more than $75,000. But! That's only a 5-10% increase from current levels, after all. Perhaps most Deutsche Bank customers simply don't know how much bitcoin is worth at the moment.\n\n5. What does this tell us? Only that there are still a huge number of investors in the world who do not even think about investing in cryptocurrencies. But 10 years ago, there were 10 times more such investors. Every year, more and more people come to the cryptocurrency market. Some of them, want to protect themselves from inflation, others want to diversify their assets. Still others simply can no longer watch as BTC, after every halving, continues to update the highs.\nSooner or later, many of these investors will start buying bitcoin, shifting the supply/demand balance towards the upside.\n\nEspecially against the backdrop of Deutsche Bank's commentary below.\n\nDeutsche Bank emphasized that the number of customers who regard bitcoin and other virtual assets with distrust is gradually decreasing. One of the reasons for the decrease in the number of skeptical users is indicated by the introduction of spot ETFs for bitcoin on the U.S. stock market.",
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}bluesnipersent 0.010 STEEM to @digitalgoldcoin- "Hello. Good to see you on Steem. To maximize your rewards, publish your post also on Hive ( hive.blog ) and Blurt ( blurt.blog ) blockchains. Use upvu, jsup or ctime and get instant upvotes"2024/04/08 18:26:30
bluesnipersent 0.010 STEEM to @digitalgoldcoin- "Hello. Good to see you on Steem. To maximize your rewards, publish your post also on Hive ( hive.blog ) and Blurt ( blurt.blog ) blockchains. Use upvu, jsup or ctime and get instant upvotes"
2024/04/08 18:26:30
| from | bluesniper |
| to | digitalgoldcoin |
| amount | 0.010 STEEM |
| memo | Hello. Good to see you on Steem. To maximize your rewards, publish your post also on Hive ( hive.blog ) and Blurt ( blurt.blog ) blockchains. Use upvu, jsup or ctime and get instant upvotes |
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}bluesniperupvoted (100.00%) @digitalgoldcoin / when-and-why-will-the-gold-rally-end2024/04/08 18:26:09
bluesniperupvoted (100.00%) @digitalgoldcoin / when-and-why-will-the-gold-rally-end
2024/04/08 18:26:09
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}digitalgoldcoinpublished a new post: when-and-why-will-the-gold-rally-end2024/04/08 18:20:36
digitalgoldcoinpublished a new post: when-and-why-will-the-gold-rally-end
2024/04/08 18:20:36
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | when-and-why-will-the-gold-rally-end |
| title | When and why will the gold rally end? |
| body | Gold continues to update all-time highs. Last week's close was at $2,330 per troy ounce. There is a crucial point in this trend that is almost ignored by analysts. The growth is focused solely on the real metal. Gold ETFs are being sold off by investors. That is, the share of paper gold in the market is getting lower. But global central banks are buying physical gold in huge (by average historical standards) quantities.  When will the rally stop? We do not know the answer to this question. Gold is out of the corridor it has been in for more than 10 years. Huge momentum has been built up that can move forward for a long time to come. This is the technical point of view. The fundamental one remains unchanged. Why are central banks buying more and more gold for their reserves? Because there is uncontrolled printing of fiat money. And also the growth of government debt in most developed countries. For example, the U.S. national debt is growing $1 trillion every 90 days. And this process is accelerating. What needs to happen to reduce this demand? The question is wrongly posed. In the coming years, without a fundamental change in the monetary policy of the Federal Reserve and European central banks, the demand for physical gold will not weaken. But supply may increase. And this is the main factor that may cause the rally to stop. The more gold is worth, the more it will be produced. Just like in the oil market, where profitability determines the reopening of new wells. So in the gold market, the development of many deposits only becomes profitable at levels above $2,000. But if the price rises to $2,500 and, no less importantly, stays there for a long time, there will be more people willing to invest in real gold mining. The main factor here is the time lag. It is impossible to open gold mining instantly. For new deposits it takes several years. And for frozen ones, at best, many months. Most likely, this is the only factor that over time will help to increase supply rather than reduce demand for gold. Having levelled the imbalance that is currently present in the market. |
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"body": "Gold continues to update all-time highs. Last week's close was at $2,330 per troy ounce. There is a crucial point in this trend that is almost ignored by analysts.\n\nThe growth is focused solely on the real metal. Gold ETFs are being sold off by investors. That is, the share of paper gold in the market is getting lower. But global central banks are buying physical gold in huge (by average historical standards) quantities.\n\n\n\n\nWhen will the rally stop? We do not know the answer to this question. Gold is out of the corridor it has been in for more than 10 years. Huge momentum has been built up that can move forward for a long time to come. This is the technical point of view.\n\nThe fundamental one remains unchanged. Why are central banks buying more and more gold for their reserves? Because there is uncontrolled printing of fiat money. And also the growth of government debt in most developed countries. For example, the U.S. national debt is growing $1 trillion every 90 days. And this process is accelerating.\nWhat needs to happen to reduce this demand? The question is wrongly posed. In the coming years, without a fundamental change in the monetary policy of the Federal Reserve and European central banks, the demand for physical gold will not weaken.\n\nBut supply may increase. And this is the main factor that may cause the rally to stop. The more gold is worth, the more it will be produced. Just like in the oil market, where profitability determines the reopening of new wells. So in the gold market, the development of many deposits only becomes profitable at levels above $2,000.\n \nBut if the price rises to $2,500 and, no less importantly, stays there for a long time, there will be more people willing to invest in real gold mining. The main factor here is the time lag. It is impossible to open gold mining instantly. For new deposits it takes several years. And for frozen ones, at best, many months.\n \nMost likely, this is the only factor that over time will help to increase supply rather than reduce demand for gold. Having levelled the imbalance that is currently present in the market.",
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}digitalgoldcoinpublished a new post: prospects-for-inflation-and-gold-prices2024/03/31 18:55:51
digitalgoldcoinpublished a new post: prospects-for-inflation-and-gold-prices
2024/03/31 18:55:51
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | prospects-for-inflation-and-gold-prices |
| title | Prospects for inflation and gold prices |
| body | @@ -356,16 +356,122 @@ t all.%0A%0A +%0A!%5Bimage.png%5D(https://cdn.steemitimages.com/DQmNYqGGKg3HA5JjX5dJZ92ihGv1vuZSVKXtetgs7sYnYKU/image.png)%0A%0A%0A%0A However, |
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}digitalgoldcoinpublished a new post: prospects-for-inflation-and-gold-prices2024/03/31 18:52:51
digitalgoldcoinpublished a new post: prospects-for-inflation-and-gold-prices
2024/03/31 18:52:51
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | prospects-for-inflation-and-gold-prices |
| title | Prospects for inflation and gold prices |
| body | In March 2024, more and more analysts began to voice concerns about the Fed's future actions. Back at the beginning of the year, the consensus forecast was. The Fed will cut interest rates 3-4 times in 2024. In January-February, there was cautious talk that perhaps we will see only 2 rate cuts. Some analysts stated that there may not be any rate cuts at all. However, more negativity has emerged over the past week. There are already heard opinions that the Fed, after some time, will have to raise interest rates instead of lowering them. The reason is inflation, which is not thinking of coming down any further. 2023 it seemed to us that the Fed was moving in the right direction. The consumer price index (year over year) was steadily declining. However, something went wrong this coming year. Rising petrol prices are pushing up inflation. And along with energy, food and goods are becoming more expensive. Why? Because most countries in the world continue to print money. Even if not in the same quantities as during the pandemic. Naturally, prices for everything go up. Some of the new funds are flowing into the stock market, but it cannot absorb them entirely. As absurd as it may sound, the cryptocurrency market is becoming a saviour for the Fed. In the first three months of this year, there have been significant inflows into both funds and individual cryptocurrencies. If cryptocurrencies did not exist, they would need to be invented to combat inflation. However, what about gold? Why does it continue to reach new highs without responding to talk of a Fed rate hike? In last week's article, we highlighted that central banks worldwide are still purchasing this metal in significant amounts, regardless of its price exceeding $2,000 per troy ounce. Would anything change if the Fed increases the interest rate once or twice by the end of the year? The market is expected to react with a massive sell-off in gold ETFs. It is uncertain how long this will last, especially considering that retail investors hold a third less than they did a year ago. However, banks will be able to purchase a new volume of gold without causing its price to rise. The key question is whether there will be any investors or traders left to sell it further. Even a Fed rate hike may not interrupt the rally in the gold market. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "In March 2024, more and more analysts began to voice concerns about the Fed's future actions. Back at the beginning of the year, the consensus forecast was. The Fed will cut interest rates 3-4 times in 2024.\n\nIn January-February, there was cautious talk that perhaps we will see only 2 rate cuts. Some analysts stated that there may not be any rate cuts at all.\n\nHowever, more negativity has emerged over the past week. There are already heard opinions that the Fed, after some time, will have to raise interest rates instead of lowering them. The reason is inflation, which is not thinking of coming down any further. \n\n2023 it seemed to us that the Fed was moving in the right direction. The consumer price index (year over year) was steadily declining. However, something went wrong this coming year.\n\nRising petrol prices are pushing up inflation. And along with energy, food and goods are becoming more expensive. Why? Because most countries in the world continue to print money. Even if not in the same quantities as during the pandemic. Naturally, prices for everything go up.\n\n \n Some of the new funds are flowing into the stock market, but it cannot absorb them entirely. As absurd as it may sound, the cryptocurrency market is becoming a saviour for the Fed. In the first three months of this year, there have been significant inflows into both funds and individual cryptocurrencies. If cryptocurrencies did not exist, they would need to be invented to combat inflation.\n\nHowever, what about gold? Why does it continue to reach new highs without responding to talk of a Fed rate hike? In last week's article, we highlighted that central banks worldwide are still purchasing this metal in significant amounts, regardless of its price exceeding $2,000 per troy ounce.\nWould anything change if the Fed increases the interest rate once or twice by the end of the year? The market is expected to react with a massive sell-off in gold ETFs. It is uncertain how long this will last, especially considering that retail investors hold a third less than they did a year ago. However, banks will be able to purchase a new volume of gold without causing its price to rise. The key question is whether there will be any investors or traders left to sell it further. Even a Fed rate hike may not interrupt the rally in the gold market. \nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-market-rally2024/03/25 19:46:09
digitalgoldcoinpublished a new post: gold-market-rally
2024/03/25 19:46:09
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-market-rally |
| title | Gold market rally |
| body | The first 2 months of 2024 were marked by record sales of gold ETFs. Investors were massively withdrawing from the asset, against the backdrop of price growth to a historic high. However, the price not only did not fall, but continued to rise. Why? We wrote about this repeatedly in Q3-Q4 of last year. There are several reasons for the rise in the price of gold. And further continuation of the rally.  1- Huge demand of Central Banks. Their leaders are not only thinking about inflation, which is rapidly devaluing fiat money held in bank reserves. Many countries look at the frozen assets of the Russian Central Bank and realize that they do not want the same situation. Yes, it is not relevant for them now. But what will happen in 3, 5, 10 years? Buying gold at least diversifies and reduces country risks 2. Potential decrease in interest rates by the US Federal Reserve. At the end of last year, investors expected monetary policy easing to begin as early as Q1 2024. However, this did not happen, due to not very good inflation figures. But politicians, in the run-up to the presidential election, continue to pressure the Fed, demanding a reduction in interest rates. What is important for the market is not even the very beginning of the reduction (date), but expectations. And it is on these expectations that the rally in the gold market continues 3. Asset rotation. Let's be honest! Everyone has long been tired of waiting for gold to finally rise sharply. It didn't happen in 2020, 2021, 2022 or 2023. We have experienced COVID, rising inflation, uncontrolled money printing. Russia's war with Ukraine has begun and the Arab-Israeli conflict has moved back into an active stage. None of these events pushed gold to new highs. Investors and speculators were simply tired of waiting. But we know the main market law. When no one is waiting for growth anymore, that's when it starts. That's what we're seeing right now in real time. When will the rally stop? It's a question being asked more and more often. We can change the question. And ask. Why does it have to stop at all? Did it start so long ago? Has gold had time to rise a lot? Is the demand for it starting to decline a lot? Rather, we can talk about small breaks and corrections of the growing trend. But if we imagine a return to the range of $1700-1800 per troy ounce, then a trend move to the $2500 mark is more likely. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Gold market rally",
"body": "The first 2 months of 2024 were marked by record sales of gold ETFs. Investors were massively withdrawing from the asset, against the backdrop of price growth to a historic high. However, the price not only did not fall, but continued to rise. Why?\n\nWe wrote about this repeatedly in Q3-Q4 of last year. There are several reasons for the rise in the price of gold. And further continuation of the rally.\n\n\n1- Huge demand of Central Banks. Their leaders are not only thinking about inflation, which is rapidly devaluing fiat money held in bank reserves. Many countries look at the frozen assets of the Russian Central Bank and realize that they do not want the same situation. Yes, it is not relevant for them now. But what will happen in 3, 5, 10 years? Buying gold at least diversifies and reduces country risks\n\n2. Potential decrease in interest rates by the US Federal Reserve. At the end of last year, investors expected monetary policy easing to begin as early as Q1 2024. However, this did not happen, due to not very good inflation figures.\n\nBut politicians, in the run-up to the presidential election, continue to pressure the Fed, demanding a reduction in interest rates. What is important for the market is not even the very beginning of the reduction (date), but expectations. And it is on these expectations that the rally in the gold market continues\n\n3. Asset rotation. Let's be honest! Everyone has long been tired of waiting for gold to finally rise sharply. It didn't happen in 2020, 2021, 2022 or 2023. We have experienced COVID, rising inflation, uncontrolled money printing. Russia's war with Ukraine has begun and the Arab-Israeli conflict has moved back into an active stage.\n\nNone of these events pushed gold to new highs. Investors and speculators were simply tired of waiting. But we know the main market law. When no one is waiting for growth anymore, that's when it starts. That's what we're seeing right now in real time.\n\nWhen will the rally stop? It's a question being asked more and more often. We can change the question. And ask. Why does it have to stop at all? Did it start so long ago? Has gold had time to rise a lot? Is the demand for it starting to decline a lot?\n\nRather, we can talk about small breaks and corrections of the growing trend. But if we imagine a return to the range of $1700-1800 per troy ounce, then a trend move to the $2500 mark is more likely.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-is-going-up2024/03/17 13:12:27
digitalgoldcoinpublished a new post: gold-is-going-up
2024/03/17 13:12:27
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-is-going-up |
| title | Gold is going up! |
| body | Let's consider the most important events in the commodity markets that will shape medium-term and long-term trends this week. **Japan Reboots Nuclear Energy** The Land of the Rising Sun suspended the operation of all its nuclear power plants after the Fukushima accident on March 11, 2011, but capacities are gradually being restored. According to forecasts, nuclear energy production in 2024 will increase by 20% compared to 2023. One by one, the country is restarting its nuclear reactors.  The shift in energy development will, on one hand, increase demand for uranium, although the commodity has already increased in price by 84% over 12 months. On the other hand, Japan will now need less liquefied natural gas, which is not very profitable for producers. This news will have a positive impact on the quotes of Kazatomprom #KAP and Cameco (#CCJ). On the flip side, the increased role of nuclear energy in Japan's economy creates uncertainty in revenue for companies such as Novatek #NVTK, ExxonMobil #XOM, Shell #SHEL, and others. **Uncertainty in the Red Sea Pushes Gold Higher** The price of gold has risen by 3% over the last week, reaching $2,179. The upward trend in the asset is supported by active purchases from global central banks and expectations that the Fed will cut rates by 0.75% in 2024. The forecast of a Fed rate cut is already leading to a decline in the Dollar Index #DXY and a reduction in U.S. bond yields, as seen in the chart for the last 3 months below. With Yemeni Houthis continuing attacks on trade and military vessels in the Red Sea, demand for gold is naturally fueled. Investors are moving away from risk towards safer assets, which has a positive effect on the shares of gold mining companies. Their reports for the first quarter of 2024 are likely to exceed expectations. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Let's consider the most important events in the commodity markets that will shape medium-term and long-term trends this week.\n\n**Japan Reboots Nuclear Energy**\nThe Land of the Rising Sun suspended the operation of all its nuclear power plants after the Fukushima accident on March 11, 2011, but capacities are gradually being restored. According to forecasts, nuclear energy production in 2024 will increase by 20% compared to 2023. One by one, the country is restarting its nuclear reactors.\n\n\n\n\nThe shift in energy development will, on one hand, increase demand for uranium, although the commodity has already increased in price by 84% over 12 months. On the other hand, Japan will now need less liquefied natural gas, which is not very profitable for producers. This news will have a positive impact on the quotes of Kazatomprom #KAP and Cameco (#CCJ).\n\nOn the flip side, the increased role of nuclear energy in Japan's economy creates uncertainty in revenue for companies such as Novatek #NVTK, ExxonMobil #XOM, Shell #SHEL, and others.\n\n**Uncertainty in the Red Sea Pushes Gold Higher**\nThe price of gold has risen by 3% over the last week, reaching $2,179. The upward trend in the asset is supported by active purchases from global central banks and expectations that the Fed will cut rates by 0.75% in 2024.\n\nThe forecast of a Fed rate cut is already leading to a decline in the Dollar Index #DXY and a reduction in U.S. bond yields, as seen in the chart for the last 3 months below.\n\nWith Yemeni Houthis continuing attacks on trade and military vessels in the Red Sea, demand for gold is naturally fueled. Investors are moving away from risk towards safer assets, which has a positive effect on the shares of gold mining companies. Their reports for the first quarter of 2024 are likely to exceed expectations.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: confirmed-bitcoin-grows-every-four-years2024/03/12 08:10:57
digitalgoldcoinpublished a new post: confirmed-bitcoin-grows-every-four-years
2024/03/12 08:10:57
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | confirmed-bitcoin-grows-every-four-years |
| title | Confirmed: Bitcoin Grows Every Four Years |
| body | Bitcoin took 846 days to update its record and confirm the key investment thesis: the cryptocurrency grows every four years. In other words, no matter when an investor buys Bitcoin, the longest waiting time for profit will not exceed this period. It has only been 2.5 years since the previous peak, and the price has already hit a new high, surpassing $69,000. The rule was confirmed ahead of schedule, leaving skeptics in the dust.  The rapid growth was facilitated by the launch of spot ETFs in the US, providing investors with easier access to the cryptocurrency. Investment companies are now actively integrating the new instrument into trading platforms, which is reflected in the growth of aggregate portfolios and the turnover of crypto funds. For example, among banks, Wells Fargo, Bank of America, and Merrill Lynch are already offering clients access to ETFs, while Morgan Stanley is still considering this possibility. On March 5th, spot ETFs set a record for total turnover, reaching $10 billion. Among them, new peaks were reached by IBIT from BlackRock, FBTC from Fidelity, BITB from Bitwise, and ARKB from Ark Invest. Immediately after updating the price record, Bitcoin plummeted, and forced liquidation of positions in the futures market reached $1 billion. Excluding short-term holders and speculators, miners remain the main group of sellers. This year, their supplies decreased by 15,000 BTC to 1.82 million BTC. As for news of the activation of whales, there is still no confirmation. On the contrary, the number of addresses containing more than 1,000 BTC increased by 3.4% this year to 2,094. Most market participants expect the growth to continue, with at least surpassing the $100,000 mark in the current 4-year cycle. However, the local maximum, limited by the $1 million model, is expected in the second half of 2025. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Bitcoin took 846 days to update its record and confirm the key investment thesis: the cryptocurrency grows every four years. In other words, no matter when an investor buys Bitcoin, the longest waiting time for profit will not exceed this period.\n\nIt has only been 2.5 years since the previous peak, and the price has already hit a new high, surpassing $69,000. The rule was confirmed ahead of schedule, leaving skeptics in the dust.\n\n\n\n\n\nThe rapid growth was facilitated by the launch of spot ETFs in the US, providing investors with easier access to the cryptocurrency. Investment companies are now actively integrating the new instrument into trading platforms, which is reflected in the growth of aggregate portfolios and the turnover of crypto funds. For example, among banks, Wells Fargo, Bank of America, and Merrill Lynch are already offering clients access to ETFs, while Morgan Stanley is still considering this possibility.\n\nOn March 5th, spot ETFs set a record for total turnover, reaching $10 billion. Among them, new peaks were reached by IBIT from BlackRock, FBTC from Fidelity, BITB from Bitwise, and ARKB from Ark Invest.\n\nImmediately after updating the price record, Bitcoin plummeted, and forced liquidation of positions in the futures market reached $1 billion. Excluding short-term holders and speculators, miners remain the main group of sellers. This year, their supplies decreased by 15,000 BTC to 1.82 million BTC.\n\nAs for news of the activation of whales, there is still no confirmation. On the contrary, the number of addresses containing more than 1,000 BTC increased by 3.4% this year to 2,094.\n\nMost market participants expect the growth to continue, with at least surpassing the $100,000 mark in the current 4-year cycle.\n\nHowever, the local maximum, limited by the $1 million model, is expected in the second half of 2025.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: another-hundred-years-of-growth-bitcoin-is-predicted-a-long-future2024/03/06 18:27:39
digitalgoldcoinpublished a new post: another-hundred-years-of-growth-bitcoin-is-predicted-a-long-future
2024/03/06 18:27:39
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | another-hundred-years-of-growth-bitcoin-is-predicted-a-long-future |
| title | Another hundred years of growth: Bitcoin is predicted a long future |
| body | The attention towards Bitcoin surged immediately after its sudden price spikes in 2013, 2017, and 2021, and in almost all of these instances, a sharp decline followed the rapid ascent. Investors made big bets on Bitcoin every few years and then quickly faced losses. Today, as the price of Bitcoin reached a new peak, it almost immediately dropped by thousands of dollars, demonstrating its extreme volatility.  The current rise in the token can be attributed to one significant reason: it has become legitimate after spot Bitcoin exchange-traded funds (ETFs) received approval from the U.S. Securities and Exchange Commission (SEC) in January. These funds are investment instruments that track the price of Bitcoin, making them more accessible to investors, easier to trade, and better regulated than direct investments in BTC. Like all ETFs, they charge a small fee. Hedge funds such as Fidelity and BlackRock have come to a positive conclusion about this asset class, legitimizing it and allowing a greater number of people to invest in it. The value of Bitcoin is also rising for an additional reason: ETFs have quickly become popular, with the top 10 BTC-ETFs seeing inflows of $7.3 billion since their debut. The iShares Bitcoin fund by BlackRock was earning over $500 million per day in the last three days of February. And Fidelity saw an inflow of $400 million in just one day. As optimism about this cryptocurrency gains momentum, investors are also starting to buy BTC directly. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The attention towards Bitcoin surged immediately after its sudden price spikes in 2013, 2017, and 2021, and in almost all of these instances, a sharp decline followed the rapid ascent. Investors made big bets on Bitcoin every few years and then quickly faced losses. Today, as the price of Bitcoin reached a new peak, it almost immediately dropped by thousands of dollars, demonstrating its extreme volatility.\n\n\n\nThe current rise in the token can be attributed to one significant reason: it has become legitimate after spot Bitcoin exchange-traded funds (ETFs) received approval from the U.S. Securities and Exchange Commission (SEC) in January. These funds are investment instruments that track the price of Bitcoin, making them more accessible to investors, easier to trade, and better regulated than direct investments in BTC. Like all ETFs, they charge a small fee.\n\nHedge funds such as Fidelity and BlackRock have come to a positive conclusion about this asset class, legitimizing it and allowing a greater number of people to invest in it.\n\nThe value of Bitcoin is also rising for an additional reason: ETFs have quickly become popular, with the top 10 BTC-ETFs seeing inflows of $7.3 billion since their debut.\n\nThe iShares Bitcoin fund by BlackRock was earning over $500 million per day in the last three days of February. And Fidelity saw an inflow of $400 million in just one day.\n\nAs optimism about this cryptocurrency gains momentum, investors are also starting to buy BTC directly.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: new-analysts-forecasts-on-the-outlook-for-gold2024/02/27 20:24:57
digitalgoldcoinpublished a new post: new-analysts-forecasts-on-the-outlook-for-gold
2024/02/27 20:24:57
| parent author | |
| parent permlink | tradin |
| author | digitalgoldcoin |
| permlink | new-analysts-forecasts-on-the-outlook-for-gold |
| title | New analysts' forecasts on the outlook for gold |
| body | Rising inflationary pressures will increasingly weigh on the gold market. Ole Hansen, head of commodity strategy at Saxo Bank, said that while gold may come under selling pressure in the short term, he remains optimistic about the longer-term outlook. "We have repeatedly noted in recent months that both gold and silver are likely to remain stalled until we get a clearer picture of future rate cuts in the US," the expert said. However, Hansen added that despite downside risks, robust physical demand in Asia is likely to support gold prices. "In the short term, gold is likely to struggle as expectations of a rate cut have diminished. Overall, however, I am interested to see how Chinese investors react to the small price decline in February. I believe that physical demand from Central Banks and retail investors, not least in China, will continue to provide support for the market," he said.  The expectation that the U.S. Federal Reserve will cut interest rates is likely to boost gold and silver prices in 2024, predicts major Swiss bank UBS, a forecast cited by CNBC. "We assume that gold prices will rise due to Fed policy easing. This will also be accompanied by a weaker dollar," said Joni Teves, a precious metals strategist at the investment bank, who expects the gold price to rise to $2,200 an ounce by the end of this year. While the timing and extent of interest rate cuts remain uncertain, UBS still expects the Federal Reserve to ease monetary policy. In addition, the appeal of gold as a safe haven asset has increased since the war between Israel and Hamas began on October 7. That contributed to the gold price hitting an all-time high of $2,100 an ounce last month. "We believe investors will start building their gold holdings at a time when there is a lot of macroeconomic uncertainty and geopolitical risk," Teves said. Analysts at Citi believe that the price of gold could rise to $ 3000 per ounce in the next 12-18 months, if one of three possible catalysts materializes. According to Aakash Doshi, head of commodities research at Citi in North America, these three catalysts are a sharp increase in purchases by central banks, possible stagflation or a serious global recession. The most likely driver on the path to $3,000 an ounce is a rapid acceleration of an existing but slow-moving trend: dedollarization among emerging market central banks, which in turn will lead to a crisis of confidence in the U.S. dollar, Citi analysts including Doshi wrote. This could double gold purchases by central banks and challenge jewelry consumption as the main driver of gold demand, the expert added. Central banks' gold purchases "accelerated to record levels in recent years" as they seek to diversify their reserves and reduce credit risk, Citi notes. Central banks in China and Russia lead the way in gold purchases, but India, Turkey and Brazil have also increased their purchases. Central banks have bought more than 1,000 tons of net gold in the past two years. "If that doubles quickly to 2,000 tons, we think that would be very positive for the gold market," Doshi told CNBC. Another trigger could be a "serious global recession" that could prompt the U.S. Federal Reserve to cut interest rates quickly. "That would mean that rates would be cut not to 3% but to 1% or less - that would take us to $3,000 an ounce," Doshi explained, noting, however, that such a scenario is unlikely. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Rising inflationary pressures will increasingly weigh on the gold market. Ole Hansen, head of commodity strategy at Saxo Bank, said that while gold may come under selling pressure in the short term, he remains optimistic about the longer-term outlook. \"We have repeatedly noted in recent months that both gold and silver are likely to remain stalled until we get a clearer picture of future rate cuts in the US,\" the expert said.\n\nHowever, Hansen added that despite downside risks, robust physical demand in Asia is likely to support gold prices. \"In the short term, gold is likely to struggle as expectations of a rate cut have diminished. Overall, however, I am interested to see how Chinese investors react to the small price decline in February. I believe that physical demand from Central Banks and retail investors, not least in China, will continue to provide support for the market,\" he said.\n\n\nThe expectation that the U.S. Federal Reserve will cut interest rates is likely to boost gold and silver prices in 2024, predicts major Swiss bank UBS, a forecast cited by CNBC.\n\n\"We assume that gold prices will rise due to Fed policy easing. This will also be accompanied by a weaker dollar,\" said Joni Teves, a precious metals strategist at the investment bank, who expects the gold price to rise to $2,200 an ounce by the end of this year.\n\nWhile the timing and extent of interest rate cuts remain uncertain, UBS still expects the Federal Reserve to ease monetary policy. In addition, the appeal of gold as a safe haven asset has increased since the war between Israel and Hamas began on October 7.\n\nThat contributed to the gold price hitting an all-time high of $2,100 an ounce last month. \"We believe investors will start building their gold holdings at a time when there is a lot of macroeconomic uncertainty and geopolitical risk,\" Teves said.\n\nAnalysts at Citi believe that the price of gold could rise to $ 3000 per ounce in the next 12-18 months, if one of three possible catalysts materializes.\n\nAccording to Aakash Doshi, head of commodities research at Citi in North America, these three catalysts are a sharp increase in purchases by central banks, possible stagflation or a serious global recession.\n\nThe most likely driver on the path to $3,000 an ounce is a rapid acceleration of an existing but slow-moving trend: dedollarization among emerging market central banks, which in turn will lead to a crisis of confidence in the U.S. dollar, Citi analysts including Doshi wrote. This could double gold purchases by central banks and challenge jewelry consumption as the main driver of gold demand, the expert added.\n\nCentral banks' gold purchases \"accelerated to record levels in recent years\" as they seek to diversify their reserves and reduce credit risk, Citi notes. Central banks in China and Russia lead the way in gold purchases, but India, Turkey and Brazil have also increased their purchases. Central banks have bought more than 1,000 tons of net gold in the past two years. \"If that doubles quickly to 2,000 tons, we think that would be very positive for the gold market,\" Doshi told CNBC.\n\nAnother trigger could be a \"serious global recession\" that could prompt the U.S. Federal Reserve to cut interest rates quickly. \"That would mean that rates would be cut not to 3% but to 1% or less - that would take us to $3,000 an ounce,\" Doshi explained, noting, however, that such a scenario is unlikely.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: what-do-j-p-morgan-analysts-think-about-the-prospects-for-gold-in-20242024/02/22 09:20:30
digitalgoldcoinpublished a new post: what-do-j-p-morgan-analysts-think-about-the-prospects-for-gold-in-2024
2024/02/22 09:20:30
| parent author | |
| parent permlink | markets |
| author | digitalgoldcoin |
| permlink | what-do-j-p-morgan-analysts-think-about-the-prospects-for-gold-in-2024 |
| title | What do J.P. Morgan analysts think about the prospects for gold in 2024? |
| body | Commodity analysts at U.S. bank J.P. Morgan believe that the gold price will remain above the $2,000 per troy ounce mark in the new year 2024, and the precious metal will benefit from further interest rate cuts in 2024 and a return of investment demand.  On the other hand, precious metals are expected to lose some of the additional momentum from high inflation. Analysts at the bank noted that the expectation of a change of course by the U.S. Federal Reserve has played an important role in the recent rally in gold prices, as it has in the last three interest rate cut cycles. Gregory Shearer, head of base and precious metals strategy at J.P. Morgan Bank, added that potential price declines in the coming months should be viewed as a buying opportunity ahead of a breakout rally in mid-2024, when U.S. GDP growth slows. J.P. Morgan Research now expects the Fed to cut rates by 125 basis points in the second half of 2024, 25 basis points more than the 2024 forecast released just last month, as the central bank seeks to avert a U.S. recession. "Gold price forecasts are based on official Fed projections that core inflation will slow to 2.4% in 2024 and 2.2% in 2025, before returning to the 2% target in 2026," the analysts wrote in their review. "We believe that during this period, the Fed's rate-cutting cycle and falling U.S. real yields will again drive gold's rally in 2024," Shearer said. "Historically, the inverse relationship between gold and real yields has weakened during Fed rate hike cycles and then strengthened again when yields fall during the transition to a rate cut cycle." Falling yields will drive the gold price to new nominal highs in the second half of 2024, averaging up to $2,175 per ounce in the fourth quarter, with a quarterly peak of $2,300 per ounce expected in the third quarter of 2025. "We expect the recent outflows from exchange-traded funds to reverse and investor demand for gold to increase as retail investment inflows return, reinforcing price gains," Shearer says. "Continued active buying by central banks and increased physical demand amid lower prices are likely to continue to provide significant support for prices in the final phase of the Fed cycle." Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "What do J.P. Morgan analysts think about the prospects for gold in 2024?",
"body": "Commodity analysts at U.S. bank J.P. Morgan believe that the gold price will remain above the $2,000 per troy ounce mark in the new year 2024, and the precious metal will benefit from further interest rate cuts in 2024 and a return of investment demand. \n\n\n\n\nOn the other hand, precious metals are expected to lose some of the additional momentum from high inflation.\nAnalysts at the bank noted that the expectation of a change of course by the U.S. Federal Reserve has played an important role in the recent rally in gold prices, as it has in the last three interest rate cut cycles.\nGregory Shearer, head of base and precious metals strategy at J.P. Morgan Bank, added that potential price declines in the coming months should be viewed as a buying opportunity ahead of a breakout rally in mid-2024, when U.S. GDP growth slows.\n\nJ.P. Morgan Research now expects the Fed to cut rates by 125 basis points in the second half of 2024, 25 basis points more than the 2024 forecast released just last month, as the central bank seeks to avert a U.S. recession.\n\n\"Gold price forecasts are based on official Fed projections that core inflation will slow to 2.4% in 2024 and 2.2% in 2025, before returning to the 2% target in 2026,\" the analysts wrote in their review.\n\n\"We believe that during this period, the Fed's rate-cutting cycle and falling U.S. real yields will again drive gold's rally in 2024,\" Shearer said.\n\n\"Historically, the inverse relationship between gold and real yields has weakened during Fed rate hike cycles and then strengthened again when yields fall during the transition to a rate cut cycle.\"\n\nFalling yields will drive the gold price to new nominal highs in the second half of 2024, averaging up to $2,175 per ounce in the fourth quarter, with a quarterly peak of $2,300 per ounce expected in the third quarter of 2025.\n\n\"We expect the recent outflows from exchange-traded funds to reverse and investor demand for gold to increase as retail investment inflows return, reinforcing price gains,\" Shearer says. \"Continued active buying by central banks and increased physical demand amid lower prices are likely to continue to provide significant support for prices in the final phase of the Fed cycle.\"\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}anthony002upvoted (100.00%) @digitalgoldcoin / where-is-the-money-from-gold-etfs-going2024/02/17 18:21:48
anthony002upvoted (100.00%) @digitalgoldcoin / where-is-the-money-from-gold-etfs-going
2024/02/17 18:21:48
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}digitalgoldcoinpublished a new post: where-is-the-money-from-gold-etfs-going2024/02/17 18:11:30
digitalgoldcoinpublished a new post: where-is-the-money-from-gold-etfs-going
2024/02/17 18:11:30
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | where-is-the-money-from-gold-etfs-going |
| title | Where is the money from gold ETFs going? |
| body | The World Gold Council (WGC) has published data on the dynamics of ETF-funds. For the third time in a row for the year there was a significant net outflow of gold from the reserves of these funds. The outflow amounted to 244 tons and thus compared to the 2021 (minus 189 tons) and 2022 (minus 110 tons) years. The last time even larger sell-offs were recorded was in 2013, when global gold holdings in ETFs fell by 929 tons. Last year, the ETF sector saw two opposite trends. While the first five months of 2023 saw modest inflows, June through December saw massive selling interest. Monthly outflows fluctuated between 9 tons (November) and 59 tons (September).  An interesting fact is that while there are huge geopolitical risks in Europe due to military action in Ukraine and threats to various NATO countries, there seems to be less concern in Europe than in North America. Gold outflows from European ETFs will total 180 tons in 2023 and are more than double the outflows from North American ETFs (minus 82 tons) Despite the high outflows, these two regions still have the highest gold holdings in ETFs worldwide. Of the 3,225.5 tons of gold held in ETFs at the end of 2023, North America accounts for 50.9% of the market, while Europe accounts for 43%. Asia and the rest of the world play a distinctly minor role in this market segment, with 4.3% and 1.8%, respectively. That said, gold was at its all-time highs in 2023. Why? It's simple. The outflow from gold ETFs was offset by gold purchases by global central banks. It is they who are playing an increasing role in the pricing of the gold. Ordinary investors are losing patience. They see the constant growth of the U.S. stock market and individual cryptocurrencies. Against their background, gold has less bright growth dynamics. When will this interest return? Of course, when gold rises sharply. And again there will be purchases at the highs. Who will be the seller? The very global central banks, which have been actively buying gold for the last few years. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "Where is the money from gold ETFs going?",
"body": "The World Gold Council (WGC) has published data on the dynamics of ETF-funds. For the third time in a row for the year there was a significant net outflow of gold from the reserves of these funds.\n\nThe outflow amounted to 244 tons and thus compared to the 2021 (minus 189 tons) and 2022 (minus 110 tons) years. The last time even larger sell-offs were recorded was in 2013, when global gold holdings in ETFs fell by 929 tons.\n\nLast year, the ETF sector saw two opposite trends. While the first five months of 2023 saw modest inflows, June through December saw massive selling interest. Monthly outflows fluctuated between 9 tons (November) and 59 tons (September).\n\n\nAn interesting fact is that while there are huge geopolitical risks in Europe due to military action in Ukraine and threats to various NATO countries, there seems to be less concern in Europe than in North America. Gold outflows from European ETFs will total 180 tons in 2023 and are more than double the outflows from North American ETFs (minus 82 tons)\n\nDespite the high outflows, these two regions still have the highest gold holdings in ETFs worldwide. Of the 3,225.5 tons of gold held in ETFs at the end of 2023, North America accounts for 50.9% of the market, while Europe accounts for 43%. Asia and the rest of the world play a distinctly minor role in this market segment, with 4.3% and 1.8%, respectively.\n\nThat said, gold was at its all-time highs in 2023. Why? It's simple. The outflow from gold ETFs was offset by gold purchases by global central banks. It is they who are playing an increasing role in the pricing of the gold. Ordinary investors are losing patience. They see the constant growth of the U.S. stock market and individual cryptocurrencies. Against their background, gold has less bright growth dynamics.\n\nWhen will this interest return? Of course, when gold rises sharply. And again there will be purchases at the highs. Who will be the seller? The very global central banks, which have been actively buying gold for the last few years.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: global-demand-for-gold-by-the-end-of-20232024/02/12 05:24:03
digitalgoldcoinpublished a new post: global-demand-for-gold-by-the-end-of-2023
2024/02/12 05:24:03
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | global-demand-for-gold-by-the-end-of-2023 |
| title | Global demand for gold by the end of 2023 |
| body | The World Gold Council has published its report on the global gold market for the past 2023. New trends have appeared on the market. The total volume of global demand for gold metal amounted to 4449 tons. This result was 5% lower than in the previous year 2022. If we add the data of OTC trade and changes in storage volumes (398 tons in total) the total demand for gold in 2023 reached 4898 tons, which is the highest in the history of observations.  Central banks around the world bought a cumulative 1,038 tons of gold. There was more only in the previous year, 2022 (1,082 tons). Global gold ETFs recorded outflows for the third consecutive year, losing 244 tons. Annualized investments in gold bars and coins showed a slight decline of 3% year-on-year. Opposing trends in important western and eastern markets offset each other. For example, in Germany, demand for investment gold fell 75% year-on-year to just 47 tons in 2022. It should be noted that Germany witnessed massive gold sales by private investors and the gold price reached historic highs in EUR. This behavior surprised many precious metals market professionals. Demand for gold in China, on the contrary, grew by 27% to 287 tons, and in Turkey - by as much as 88% to 160 tons. In the United States, demand for gold coins and bars grew by 5% to 113 tons. Annual jewelry consumption remained stable at 2,094 tons, even in the face of very high gold prices. China's economic recovery supported the overall global picture. Despite a rebound in the electronics sector in the fourth quarter, annual gold used by the industry fell below 300 tons for the first time. Meanwhile, global gold supply rose 3% year-on-year to 4,899 tons. Mine production was up just 1% (3,644 tons). In contrast, secondary processing added 1,237 tons, or 9%, to the gold market supply. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The World Gold Council has published its report on the global gold market for the past 2023. New trends have appeared on the market. \n\nThe total volume of global demand for gold metal amounted to 4449 tons. This result was 5% lower than in the previous year 2022. If we add the data of OTC trade and changes in storage volumes (398 tons in total) the total demand for gold in 2023 reached 4898 tons, which is the highest in the history of observations.\n\n\n\n\nCentral banks around the world bought a cumulative 1,038 tons of gold. There was more only in the previous year, 2022 (1,082 tons). Global gold ETFs recorded outflows for the third consecutive year, losing 244 tons. \n\nAnnualized investments in gold bars and coins showed a slight decline of 3% year-on-year. Opposing trends in important western and eastern markets offset each other. For example, in Germany, demand for investment gold fell 75% year-on-year to just 47 tons in 2022.\n\nIt should be noted that Germany witnessed massive gold sales by private investors and the gold price reached historic highs in EUR. This behavior surprised many precious metals market professionals.\n\nDemand for gold in China, on the contrary, grew by 27% to 287 tons, and in Turkey - by as much as 88% to 160 tons. In the United States, demand for gold coins and bars grew by 5% to 113 tons.\n\nAnnual jewelry consumption remained stable at 2,094 tons, even in the face of very high gold prices. China's economic recovery supported the overall global picture. Despite a rebound in the electronics sector in the fourth quarter, annual gold used by the industry fell below 300 tons for the first time.\n\nMeanwhile, global gold supply rose 3% year-on-year to 4,899 tons. Mine production was up just 1% (3,644 tons). In contrast, secondary processing added 1,237 tons, or 9%, to the gold market supply.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-prices-and-global-economic-trends2024/02/02 11:00:51
digitalgoldcoinpublished a new post: gold-prices-and-global-economic-trends
2024/02/02 11:00:51
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-prices-and-global-economic-trends |
| title | Gold Prices and Global Economic Trends |
| body | Gold rose on Tuesday morning to $2040 per troy ounce, reaching a two-week high. Positive momentum is driven by risk appetite that has formed on global platforms. One of the reasons for increased demand for the metal could be the weakness in the Chinese stock market.  The trio of leading American indices, S&P500, Dow Jones Industrial Average, Nasdaq100, closed at historic highs on Monday, continuing almost a two-week growth streak after a slight correction at the beginning of the year. The impetus for buying was the news that the U.S. Treasury reduced its bond borrowing plans for the coming months. This implies that more money could go into buying stocks and commodities instead of bonds. We also note signals from a WSJ journalist covering the Fed's policy. It is believed that he effectively conveys and interprets signals that the FOMC can no longer send during the "quiet period" before the meeting. In his latest article, he noted that a "sharp drop" in inflation poses a new risk for the Fed. This is a significant shift from the inflation threat of the past two years, returning to the narrative dominant after the 2008 crisis when major central banks worked to increase, not restrain, inflation. This return to an old theme recalls the gold rally from $720 to $1900 per ounce from 2008 to 2011 when there was a shift to zero interest rate policies, and we first saw QE. Meanwhile, the Chinese market continues to lose investor confidence due to Evergrande's bankruptcy and regulators' unimpressive market and economic support measures. Hong Kong and mainland China stock indices interrupted the recovery that began last week, losing ground for the second trading session, trading near multi-year lows. In these conditions, especially for China, gold once again enjoys the status of a defensive asset. On the other hand, gold remains in a downward trend since the beginning of the year, although it typically starts the year on a strong note. In years when early weakness is observed in the first couple of weeks, the pressure usually intensifies soon after. We expect to see the manifestation of this trend this week. The price of a troy ounce may correct down to $1960, approaching the 200-day moving average, where the struggle for the trend is likely to intensify. If the bullish scenario unfolds, movement above $2050 by the end of this week will sharply increase the chances of gold reaching historic highs in the coming weeks. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "Gold rose on Tuesday morning to $2040 per troy ounce, reaching a two-week high. Positive momentum is driven by risk appetite that has formed on global platforms. One of the reasons for increased demand for the metal could be the weakness in the Chinese stock market.\n\n\n\n\nThe trio of leading American indices, S&P500, Dow Jones Industrial Average, Nasdaq100, closed at historic highs on Monday, continuing almost a two-week growth streak after a slight correction at the beginning of the year. The impetus for buying was the news that the U.S. Treasury reduced its bond borrowing plans for the coming months. This implies that more money could go into buying stocks and commodities instead of bonds.\n\nWe also note signals from a WSJ journalist covering the Fed's policy. It is believed that he effectively conveys and interprets signals that the FOMC can no longer send during the \"quiet period\" before the meeting. In his latest article, he noted that a \"sharp drop\" in inflation poses a new risk for the Fed. This is a significant shift from the inflation threat of the past two years, returning to the narrative dominant after the 2008 crisis when major central banks worked to increase, not restrain, inflation.\n\nThis return to an old theme recalls the gold rally from $720 to $1900 per ounce from 2008 to 2011 when there was a shift to zero interest rate policies, and we first saw QE.\n\nMeanwhile, the Chinese market continues to lose investor confidence due to Evergrande's bankruptcy and regulators' unimpressive market and economic support measures. Hong Kong and mainland China stock indices interrupted the recovery that began last week, losing ground for the second trading session, trading near multi-year lows. In these conditions, especially for China, gold once again enjoys the status of a defensive asset.\n\nOn the other hand, gold remains in a downward trend since the beginning of the year, although it typically starts the year on a strong note. In years when early weakness is observed in the first couple of weeks, the pressure usually intensifies soon after. We expect to see the manifestation of this trend this week.\n\nThe price of a troy ounce may correct down to $1960, approaching the 200-day moving average, where the struggle for the trend is likely to intensify. If the bullish scenario unfolds, movement above $2050 by the end of this week will sharply increase the chances of gold reaching historic highs in the coming weeks.\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: the-world-gold-council-anticipates-a-recession-in-the-united-states2024/01/27 08:07:33
digitalgoldcoinpublished a new post: the-world-gold-council-anticipates-a-recession-in-the-united-states
2024/01/27 08:07:33
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | the-world-gold-council-anticipates-a-recession-in-the-united-states |
| title | The World Gold Council anticipates a recession in the United States |
| body | The World Gold Council has presented its forecast for 2024, anticipating a recession in the United States and an increase in gold prices. This seems logical, considering that during previous recessions, the precious metal has demonstrated positive dynamics. Over the past half-century, the global gold market has shown high sensitivity to the state of the American economy. During economic downturns, there is always an increase in demand for the precious metal. It's worth noting that, according to statistics from the last 50 years, the United States has managed to avoid a recession only in two out of nine interest rate hike cycles. This is not surprising, as prolonged high-interest rates inevitably put pressure on financial markets and the real economy.  The futures market in Chicago suggests a decrease in interest rates in the United States by March 20, 2024. Historically, rate cuts in the U.S. usually began around 6-13 months before the onset of a recession. Another interesting aspect is the budget deficit. This year, the U.S. Treasury will have to spend over $1 trillion on interest payments on the national debt. To cope with this without causing much pain, authorities will need to significantly increase the tax burden. However, in an election year, it's unlikely that anyone will take such a step. Government expenditures are growing faster than revenues, and this gap will only widen with each passing month. Furthermore, there is a high probability that the Federal Reserve will once again activate the "printing press" and start buying government bonds onto its balance sheet. In the past, such a move has always had a favorable impact on the price of gold, and this time the yellow metal is likely to receive support from "helicopter money" as well. According to the World Gold Council's forecasts, in 2023, excessive demand from central banks led to a 10% increase in the yield of gold. This trend is expected to continue in 2024, as the central banks of China, Singapore, and India will continue actively acquiring the precious metal. There are also plenty of geopolitical risks for 2024, including the Middle East, North Korea, and the elections in Taiwan. Geopolitics is also favorable for strengthening gold. In conclusion, considering all of the above, gold seems to have genuinely promising prospects for this year. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"title": "The World Gold Council anticipates a recession in the United States",
"body": "The World Gold Council has presented its forecast for 2024, anticipating a recession in the United States and an increase in gold prices. This seems logical, considering that during previous recessions, the precious metal has demonstrated positive dynamics.\n\nOver the past half-century, the global gold market has shown high sensitivity to the state of the American economy. During economic downturns, there is always an increase in demand for the precious metal. It's worth noting that, according to statistics from the last 50 years, the United States has managed to avoid a recession only in two out of nine interest rate hike cycles. This is not surprising, as prolonged high-interest rates inevitably put pressure on financial markets and the real economy.\n\n\nThe futures market in Chicago suggests a decrease in interest rates in the United States by March 20, 2024. Historically, rate cuts in the U.S. usually began around 6-13 months before the onset of a recession.\n\nAnother interesting aspect is the budget deficit. This year, the U.S. Treasury will have to spend over $1 trillion on interest payments on the national debt. To cope with this without causing much pain, authorities will need to significantly increase the tax burden. However, in an election year, it's unlikely that anyone will take such a step. Government expenditures are growing faster than revenues, and this gap will only widen with each passing month.\n\nFurthermore, there is a high probability that the Federal Reserve will once again activate the \"printing press\" and start buying government bonds onto its balance sheet. In the past, such a move has always had a favorable impact on the price of gold, and this time the yellow metal is likely to receive support from \"helicopter money\" as well.\n\nAccording to the World Gold Council's forecasts, in 2023, excessive demand from central banks led to a 10% increase in the yield of gold. This trend is expected to continue in 2024, as the central banks of China, Singapore, and India will continue actively acquiring the precious metal.\n\nThere are also plenty of geopolitical risks for 2024, including the Middle East, North Korea, and the elections in Taiwan. Geopolitics is also favorable for strengthening gold.\n\nIn conclusion, considering all of the above, gold seems to have genuinely promising prospects for this year.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: gold-dynamics-amidst-dollar-strength-and-inflation-uncertainty2024/01/21 15:23:39
digitalgoldcoinpublished a new post: gold-dynamics-amidst-dollar-strength-and-inflation-uncertainty
2024/01/21 15:23:39
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | gold-dynamics-amidst-dollar-strength-and-inflation-uncertainty |
| title | Gold Dynamics Amidst Dollar Strength and Inflation Uncertainty |
| body | The XAU/USD pair is demonstrating an upward trend during Wednesday's trading session and is trading at the level of $2035. Gold is attempting to recover positions after a decline at the end of last week, during which the asset set a local minimum since December 13 at $2016 per ounce. It is worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, which is supported by the increase in yields on US Treasury bonds and is trading in close proximity to a three-week peak set last Friday. In particular, the yield on 10-year government bonds remains above 4%, reflecting a reduced likelihood of the Federal Reserve's (Fed) imminent monetary policy easing.  At the same time, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of inflation data in the United States. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, in December, the US Consumer Price Index (CPI) increased from 3.1% to 3.2% on an annual basis, while the core indicator, excluding food and energy, decreased from 4% to 3.8%. If analysts' expectations are confirmed, and the US records a new multi-year low in the core inflation rate, traders may need to revise their forecasts for the timing of the first rate cut. It is quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will still ease monetary policy by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields may intensify, and considering that gold has an inverse correlation with them, buyers of precious metals may re-enter the market. Additionally, announcements of monetary policy easing by the European Central Bank (ECB), the People's Bank of China, and several other regulators may make gold more attractive to investors, given the ongoing geopolitical tensions in the world. Taking all this into account, the XAU/USD pair may conclude the week around $2050 per ounce. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The XAU/USD pair is demonstrating an upward trend during Wednesday's trading session and is trading at the level of $2035. Gold is attempting to recover positions after a decline at the end of last week, during which the asset set a local minimum since December 13 at $2016 per ounce.\n\nIt is worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, which is supported by the increase in yields on US Treasury bonds and is trading in close proximity to a three-week peak set last Friday. In particular, the yield on 10-year government bonds remains above 4%, reflecting a reduced likelihood of the Federal Reserve's (Fed) imminent monetary policy easing.\n\n\n\n\nAt the same time, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of inflation data in the United States. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, in December, the US Consumer Price Index (CPI) increased from 3.1% to 3.2% on an annual basis, while the core indicator, excluding food and energy, decreased from 4% to 3.8%.\n\nIf analysts' expectations are confirmed, and the US records a new multi-year low in the core inflation rate, traders may need to revise their forecasts for the timing of the first rate cut. It is quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will still ease monetary policy by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields may intensify, and considering that gold has an inverse correlation with them, buyers of precious metals may re-enter the market.\n\nAdditionally, announcements of monetary policy easing by the European Central Bank (ECB), the People's Bank of China, and several other regulators may make gold more attractive to investors, given the ongoing geopolitical tensions in the world. Taking all this into account, the XAU/USD pair may conclude the week around $2050 per ounce.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: sec-approval-and-the-future-of-bitcoin-etfs2024/01/16 06:48:27
digitalgoldcoinpublished a new post: sec-approval-and-the-future-of-bitcoin-etfs
2024/01/16 06:48:27
| parent author | |
| parent permlink | etf |
| author | digitalgoldcoin |
| permlink | sec-approval-and-the-future-of-bitcoin-etfs |
| title | SEC Approval and the Future of Bitcoin ETFs |
| body | "The first application for a spot ETF, filed with the SEC back in 2013 by the Winklevoss brothers, was rejected in 2017. Despite the time that has passed, the regulator's views on the nature of digital assets have not changed. Here is the statement that accompanied yesterday's approval of exchange-traded funds (the full statement): '...Bitcoin is primarily a speculative, volatile asset that is also used for illegal activities, including ransomware programs, money laundering, sanctions evasion, and terrorism financing. Today, we approved the listing and trading of certain spot bitcoin ETP shares, but we did not approve bitcoin itself.'  The overall message of the statement boils down to the fact that the SEC would continue to hinder the emergence of investment products if not for a unique interpretation by judges of securities laws. Further rejection became impossible after the appeals commission ruled in favor of Grayscale in the case of transforming a trust fund into a spot ETF. For investors, the more interesting aspect is the interpretation of the cryptocurrency's status: the regulator still refers to Bitcoin exclusively as a commodity, while the 'overwhelming majority of crypto assets are investment contracts (i.e., securities).' In other words, hope for the imminent appearance of spot ETFs with Ethereum and other altcoins is unfounded. However, some media outlets attribute Ethereum's recent surge to this particular circumstance. As for the real impact of launching spot ETFs on Bitcoin, it will take time to assess. It will take about a week for the funds to be listed on exchanges, and figures on investment volumes will start coming in approximately a month later. Currently, 11 ETFs have been approved, including giants like BlackRock and Fidelity, each managing assets totaling over $10 trillion. Speaking of the prospects of capital inflow, various ETFs in the U.S. have seen $1.2 trillion invested over the past two years. Even a tenth of that redirected to Bitcoin will create a powerful price impulse. Many analysts compare the expected effect of the introduction of exchange-traded funds to the launch of gold ETFs in 2004: over seven years, the price quadrupled, and currently, there is over $100 billion in gold ETFs. Most assessments converge on the idea that Bitcoin will reach a new all-time high this year." Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "\"The first application for a spot ETF, filed with the SEC back in 2013 by the Winklevoss brothers, was rejected in 2017. Despite the time that has passed, the regulator's views on the nature of digital assets have not changed. Here is the statement that accompanied yesterday's approval of exchange-traded funds (the full statement):\n\n'...Bitcoin is primarily a speculative, volatile asset that is also used for illegal activities, including ransomware programs, money laundering, sanctions evasion, and terrorism financing. Today, we approved the listing and trading of certain spot bitcoin ETP shares, but we did not approve bitcoin itself.'\n\n\n\n\nThe overall message of the statement boils down to the fact that the SEC would continue to hinder the emergence of investment products if not for a unique interpretation by judges of securities laws. Further rejection became impossible after the appeals commission ruled in favor of Grayscale in the case of transforming a trust fund into a spot ETF.\n\nFor investors, the more interesting aspect is the interpretation of the cryptocurrency's status: the regulator still refers to Bitcoin exclusively as a commodity, while the 'overwhelming majority of crypto assets are investment contracts (i.e., securities).'\n\nIn other words, hope for the imminent appearance of spot ETFs with Ethereum and other altcoins is unfounded. However, some media outlets attribute Ethereum's recent surge to this particular circumstance.\n\nAs for the real impact of launching spot ETFs on Bitcoin, it will take time to assess. It will take about a week for the funds to be listed on exchanges, and figures on investment volumes will start coming in approximately a month later.\n\nCurrently, 11 ETFs have been approved, including giants like BlackRock and Fidelity, each managing assets totaling over $10 trillion.\n\nSpeaking of the prospects of capital inflow, various ETFs in the U.S. have seen $1.2 trillion invested over the past two years. Even a tenth of that redirected to Bitcoin will create a powerful price impulse. Many analysts compare the expected effect of the introduction of exchange-traded funds to the launch of gold ETFs in 2004: over seven years, the price quadrupled, and currently, there is over $100 billion in gold ETFs.\n\nMost assessments converge on the idea that Bitcoin will reach a new all-time high this year.\"\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoindeleted a comment or post2024/01/14 07:46:57
digitalgoldcoindeleted a comment or post
2024/01/14 07:46:57
| author | digitalgoldcoin |
| permlink | wjuxs-analysis-of-factors-influencing-gold-prices |
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}digitalgoldcoinpublished a new post: wjuxs-analysis-of-factors-influencing-gold-prices2024/01/14 07:38:48
digitalgoldcoinpublished a new post: wjuxs-analysis-of-factors-influencing-gold-prices
2024/01/14 07:38:48
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | wjuxs-analysis-of-factors-influencing-gold-prices |
| title | Analysis of factors influencing Gold prices |
| body | The XAU/USD pair demonstrates an upward trend during Wednesday's trading session and is currently trading at $2035. Gold is attempting to regain its position after a decline at the end of last week, during which the asset reached a local minimum on December 13 at $2016 per ounce. It's worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, supported by the increase in the yield of US Treasury bonds, trading in close proximity to the three-week peak set last Friday. In particular, the yield of 10-year government bonds remains above 4%, reflecting a reduced likelihood of imminent monetary policy easing by the Federal Reserve (Fed).  Meanwhile, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of US inflation data. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, the US Consumer Price Index (CPI) is expected to rise from 3.1% to 3.2% year-on-year in December, while the core indicator excluding food and energy is projected to decrease from 4% to 3.8%. If analysts' expectations are confirmed and the US records a new multi-year low in the core inflation rate, traders may need to reconsider their forecasts regarding the timing of the first rate cut. It's quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will indeed move towards monetary policy easing by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields will intensify, and considering gold's inverse correlation with them, buyers of precious metals may re-enter the market. Moreover, announcements of monetary policy easing may also come from the European Central Bank (ECB), the People's Bank of China, and several other regulators, making gold more attractive to investors amid ongoing geopolitical tensions worldwide. Taking all these factors into account, the XAU/USD pair could finish the week around $2050 per ounce. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The XAU/USD pair demonstrates an upward trend during Wednesday's trading session and is currently trading at $2035. Gold is attempting to regain its position after a decline at the end of last week, during which the asset reached a local minimum on December 13 at $2016 per ounce.\n\nIt's worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, supported by the increase in the yield of US Treasury bonds, trading in close proximity to the three-week peak set last Friday. In particular, the yield of 10-year government bonds remains above 4%, reflecting a reduced likelihood of imminent monetary policy easing by the Federal Reserve (Fed).\n\n\n\nMeanwhile, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of US inflation data. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, the US Consumer Price Index (CPI) is expected to rise from 3.1% to 3.2% year-on-year in December, while the core indicator excluding food and energy is projected to decrease from 4% to 3.8%.\n\nIf analysts' expectations are confirmed and the US records a new multi-year low in the core inflation rate, traders may need to reconsider their forecasts regarding the timing of the first rate cut. It's quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will indeed move towards monetary policy easing by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields will intensify, and considering gold's inverse correlation with them, buyers of precious metals may re-enter the market.\n\nMoreover, announcements of monetary policy easing may also come from the European Central Bank (ECB), the People's Bank of China, and several other regulators, making gold more attractive to investors amid ongoing geopolitical tensions worldwide. Taking all these factors into account, the XAU/USD pair could finish the week around $2050 per ounce.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: analysis-of-factors-influencing-gold-prices2024/01/14 07:25:24
digitalgoldcoinpublished a new post: analysis-of-factors-influencing-gold-prices
2024/01/14 07:25:24
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | analysis-of-factors-influencing-gold-prices |
| title | Analysis of factors influencing Gold prices |
| body | The XAU/USD pair demonstrates an upward trend during Wednesday's trading session and is currently trading at $2035. Gold is attempting to regain its position after a decline at the end of last week, during which the asset reached a local minimum on December 13 at $2016 per ounce. It's worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, supported by the increase in the yield of US Treasury bonds, trading in close proximity to the three-week peak set last Friday. In particular, the yield of 10-year government bonds remains above 4%, reflecting a reduced likelihood of imminent monetary policy easing by the Federal Reserve (Fed).  Meanwhile, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of US inflation data. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, the US Consumer Price Index (CPI) is expected to rise from 3.1% to 3.2% year-on-year in December, while the core indicator excluding food and energy is projected to decrease from 4% to 3.8%. If analysts' expectations are confirmed and the US records a new multi-year low in the core inflation rate, traders may need to reconsider their forecasts regarding the timing of the first rate cut. It's quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will indeed move towards monetary policy easing by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields will intensify, and considering gold's inverse correlation with them, buyers of precious metals may re-enter the market. Moreover, announcements of monetary policy easing may also come from the European Central Bank (ECB), the People's Bank of China, and several other regulators, making gold more attractive to investors amid ongoing geopolitical tensions worldwide. Taking all these factors into account, the XAU/USD pair could finish the week around $2050 per ounce. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "The XAU/USD pair demonstrates an upward trend during Wednesday's trading session and is currently trading at $2035. Gold is attempting to regain its position after a decline at the end of last week, during which the asset reached a local minimum on December 13 at $2016 per ounce.\n\nIt's worth noting that the rise in gold is limited by the ongoing strengthening of the dollar, supported by the increase in the yield of US Treasury bonds, trading in close proximity to the three-week peak set last Friday. In particular, the yield of 10-year government bonds remains above 4%, reflecting a reduced likelihood of imminent monetary policy easing by the Federal Reserve (Fed).\n\n\nMeanwhile, market activity remains low as traders prefer not to rush into opening new positions ahead of the release of US inflation data. The CPI report will be published tomorrow and may provide some hints about the Fed's future actions amid uncertainty about the timing of the first interest rate cut. According to forecasts, the US Consumer Price Index (CPI) is expected to rise from 3.1% to 3.2% year-on-year in December, while the core indicator excluding food and energy is projected to decrease from 4% to 3.8%.\n\nIf analysts' expectations are confirmed and the US records a new multi-year low in the core inflation rate, traders may need to reconsider their forecasts regarding the timing of the first rate cut. It's quite possible that low Consumer Price Index values will lead traders to speculate that the US regulator will indeed move towards monetary policy easing by the end of the first quarter of 2024. In such a scenario, pressure on the dollar and Treasury yields will intensify, and considering gold's inverse correlation with them, buyers of precious metals may re-enter the market.\n\nMoreover, announcements of monetary policy easing may also come from the European Central Bank (ECB), the People's Bank of China, and several other regulators, making gold more attractive to investors amid ongoing geopolitical tensions worldwide. Taking all these factors into account, the XAU/USD pair could finish the week around $2050 per ounce.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}2024/01/06 13:41:15
2024/01/06 13:41:15
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}2024/01/06 13:34:39
2024/01/06 13:34:39
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | the-potential-impact-of-spot-etf-launch-on-bitcoin-expert-insights-and-market |
| title | The Potential Impact of Spot ETF Launch on Bitcoin: Expert Insights and Market |
| body | While most market participants anticipate a rally following the launch of spot ETFs in the United States, some experts have issued a warning about a significant decline in Bitcoin. The analytical agency CryptoQuant notes a high percentage of unrealized profits in the hands of short-term holders, historically preceding a substantial correction. The approval of ETFs will trigger a "buy the rumor, sell the fact" scenario. The onset of the correction will lead to a cascade of margin position liquidations, further pushing the price downward.  Since the end of October, the funding rate has been deep in the green zone, indicating a significant dominance of bulls in perpetual futures contracts. According to CryptoQuant's estimate, the ETF launch on January 10th will result in a Bitcoin correction to $32,000 by the end of the month. A more negative scenario for Bitcoin has been outlined by BitMEX co-founder Arthur Hayes. In his opinion, if exchange-traded funds (ETFs) see significant success, they will ultimately own all the coins, and investors will merely shift money from one account to another. This could kill Bitcoin as transactions dry up, and miners cease to support the network. However, both CryptoQuant and Ark Invest, despite the potential sell-off in January, maintain a bullish outlook on long-term prospects. According to the latter's forecast, by 2030, Bitcoin could be valued between $260,000 and $1.5 million. For Bitcoin, which showed extremely low relative drawdown figures in 2023, a possible 25% correction in January would not be extraordinary. But even that is unlikely due to the significant influx of investments expected with the ETF launch. Nevertheless, the market's low depth, persisting since the FTX crash, is anticipated to result in considerable volatility. Which of these predictions will come true? We will summarise the results in exactly one year! Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "While most market participants anticipate a rally following the launch of spot ETFs in the United States, some experts have issued a warning about a significant decline in Bitcoin. The analytical agency CryptoQuant notes a high percentage of unrealized profits in the hands of short-term holders, historically preceding a substantial correction.\n\nThe approval of ETFs will trigger a \"buy the rumor, sell the fact\" scenario. The onset of the correction will lead to a cascade of margin position liquidations, further pushing the price downward.\n\n\n\nSince the end of October, the funding rate has been deep in the green zone, indicating a significant dominance of bulls in perpetual futures contracts.\n\nAccording to CryptoQuant's estimate, the ETF launch on January 10th will result in a Bitcoin correction to $32,000 by the end of the month.\n\nA more negative scenario for Bitcoin has been outlined by BitMEX co-founder Arthur Hayes. In his opinion, if exchange-traded funds (ETFs) see significant success, they will ultimately own all the coins, and investors will merely shift money from one account to another. This could kill Bitcoin as transactions dry up, and miners cease to support the network.\n\nHowever, both CryptoQuant and Ark Invest, despite the potential sell-off in January, maintain a bullish outlook on long-term prospects. According to the latter's forecast, by 2030, Bitcoin could be valued between $260,000 and $1.5 million.\n\nFor Bitcoin, which showed extremely low relative drawdown figures in 2023, a possible 25% correction in January would not be extraordinary. But even that is unlikely due to the significant influx of investments expected with the ETF launch. Nevertheless, the market's low depth, persisting since the FTX crash, is anticipated to result in considerable volatility.\n\nWhich of these predictions will come true? We will summarise the results in exactly one year!\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: what-awaits-us-in-20242023/12/30 07:21:45
digitalgoldcoinpublished a new post: what-awaits-us-in-2024
2023/12/30 07:21:45
| parent author | |
| parent permlink | gold |
| author | digitalgoldcoin |
| permlink | what-awaits-us-in-2024 |
| title | What awaits us in 2024? |
| body | At the end of each year, it is customary to make predictions for the next year. In most cases, such predictions come true only half of the time. This is logical, nobody knows what will happen next. We will try to change the tradition. Today are the predictions that will come true with a very high probability. Gold will show new all-time highs. Everything will work out perfectly for the yellow metal in 2024. The price is already near the highs. During the year, the Fed and many other central banks are expected to cut rates. Gold did not actively grow in the previous 3 years, on the background of a huge amount of printed money. There was inflation in almost all commodity assets. It was gold's turn. In the first half of the year, volatility in the cryptocurrency market will increase dramatically. It makes no difference whether spot bitcoin ETFs are approved in early January or not. Any SEC decision will trigger powerful movements in both BTC and altcoins. The next driver of increased volatility will be the Bitcoin halving in April-May 2014. Everyone remembers that after the past halvings, the price rose strongly.  3. Inflation will decline in most developed countries. The Fed head keeps telling us that inflation can still rise. And the Fed is ready to raise rates at any time. But just like that 2 years ago he was telling us that inflation would not rise. And when it started to rise sharply, he claimed it wasn't a problem, just an occasional blip for 1-2 months, etc. We, as consumers, understand why inflation will come down. Prices have already gone up a lot. From real estate, to cars, to travel, to shop and restaurant receipts. This pushes us to cut back and optimise our spending. When we reduce spending, prices simply have nowhere else to rise. 4. If the SEC allows spot bitcoin ETFs in January, we may never see BTC below $40000 again. Yes, there will be huge volatility for a few days. Profit taking may occur and the price will fall below this level. But it will quickly come back up. It will start to grow and will never go below $40000$ again. Why? The adoption of spot bitcoin ETFs will change the behaviour of the price drastically. Bitcoin will cease to be a speculative asset. And will move into the investment category. Investment funds and even pension funds will invest in ETFs. Their investment horizon is many years and even tens of years. And the size of the position will not give an opportunity to get rid of it quickly when the price falls. As it happens now with margins and liquidation of traders' positions. On the contrary, when the price falls, many funds (with a long investment horizon) will tend to increase their position. Which of these predictions will come true? We will summarise the results in exactly one year! Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"body": "At the end of each year, it is customary to make predictions for the next year. In most cases, such predictions come true only half of the time. This is logical, nobody knows what will happen next. We will try to change the tradition. Today are the predictions that will come true with a very high probability.\n\nGold will show new all-time highs. Everything will work out perfectly for the yellow metal in 2024. The price is already near the highs. During the year, the Fed and many other central banks are expected to cut rates. Gold did not actively grow in the previous 3 years, on the background of a huge amount of printed money. There was inflation in almost all commodity assets. It was gold's turn.\n\nIn the first half of the year, volatility in the cryptocurrency market will increase dramatically. It makes no difference whether spot bitcoin ETFs are approved in early January or not. Any SEC decision will trigger powerful movements in both BTC and altcoins.\n\nThe next driver of increased volatility will be the Bitcoin halving in April-May 2014. Everyone remembers that after the past halvings, the price rose strongly.\n\n\n\n\n3. Inflation will decline in most developed countries. The Fed head keeps telling us that inflation can still rise. And the Fed is ready to raise rates at any time. But just like that 2 years ago he was telling us that inflation would not rise. And when it started to rise sharply, he claimed it wasn't a problem, just an occasional blip for 1-2 months, etc.\n\nWe, as consumers, understand why inflation will come down. Prices have already gone up a lot. From real estate, to cars, to travel, to shop and restaurant receipts. This pushes us to cut back and optimise our spending. When we reduce spending, prices simply have nowhere else to rise.\n\n4. If the SEC allows spot bitcoin ETFs in January, we may never see BTC below $40000 again. Yes, there will be huge volatility for a few days. Profit taking may occur and the price will fall below this level. But it will quickly come back up. It will start to grow and will never go below $40000$ again.\n\nWhy? The adoption of spot bitcoin ETFs will change the behaviour of the price drastically. Bitcoin will cease to be a speculative asset. And will move into the investment category. Investment funds and even pension funds will invest in ETFs. Their investment horizon is many years and even tens of years.\n\nAnd the size of the position will not give an opportunity to get rid of it quickly when the price falls. As it happens now with margins and liquidation of traders' positions. On the contrary, when the price falls, many funds (with a long investment horizon) will tend to increase their position.\n\nWhich of these predictions will come true? We will summarise the results in exactly one year!\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}yinterceptupvoted (100.00%) @digitalgoldcoin / gold-or-bitcoin-results-of-20232023/12/20 19:35:39
yinterceptupvoted (100.00%) @digitalgoldcoin / gold-or-bitcoin-results-of-2023
2023/12/20 19:35:39
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}vagabondspiritupvoted (100.00%) @digitalgoldcoin / gold-or-bitcoin-results-of-20232023/12/20 19:35:24
vagabondspiritupvoted (100.00%) @digitalgoldcoin / gold-or-bitcoin-results-of-2023
2023/12/20 19:35:24
| voter | vagabondspirit |
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}digitalgoldcoinpublished a new post: gold-or-bitcoin-results-of-20232023/12/20 19:27:39
digitalgoldcoinpublished a new post: gold-or-bitcoin-results-of-2023
2023/12/20 19:27:39
| parent author | |
| parent permlink | bitcoin |
| author | digitalgoldcoin |
| permlink | gold-or-bitcoin-results-of-2023 |
| title | Gold or Bitcoin? Results of 2023 |
| body | It's likely that all analysts have noted how significantly Bitcoin rose in 2023, and how gold appears to be an outsider in comparison. Of course! 150% versus 10% - what can one say? But for some reason, none of these analysts recalls 2022. Last year, gold fell by just 0.3%. However, Bitcoin decreased by 65%. One might also look at the world's main benchmark. The S&P 500 index also fell by 20%. What does this imply? It's gold that remains a safe haven for investors. Don't expect strong price spikes like in BTC, where the asset grows exponentially. But with a near 100% guarantee, you can be confident that we won't see drops of tens of percent either.  This is a crucial fact for including gold in a diversified portfolio of assets, especially in its most conservative part. Gold has proven that over the decades, it serves the main task - preserving the real value of money. During inflationary periods, it grows. During periods of global instability and crashes, it also becomes more expensive. On the other hand, when everything is fine and dandy in the world, traders and investors can turn their attention to riskier assets. Exiting gold to get money to invest in stock markets, cryptocurrency, etc. What awaits us in 2024? An event we haven't seen since 2008. What am I talking about? Of course, about the change in the Federal Reserve's monetary policy. After the mortgage crisis of 2008, the interest rate in the USA, as well as in most of the developed world, remained at a level close to 0-1%. We all know what this led to. And, by the way, it contributed to the rise of gold to $1920 in 2011. In 2021, the tightening of monetary policy began. Theoretically, we are at its peak. And, as the rise of gold to new historical highs shows, the market thinks so too. Therefore, a change in the trend of lowering the Federal Reserve's interest rates may lead to an explosion of accumulated energy. When investors start getting rid of bonds that bring less and less income and shift to gold. We've been observing this over the past two months, and the trend is only set to intensify Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"author": "digitalgoldcoin",
"permlink": "gold-or-bitcoin-results-of-2023",
"title": "Gold or Bitcoin? Results of 2023",
"body": "It's likely that all analysts have noted how significantly Bitcoin rose in 2023, and how gold appears to be an outsider in comparison. Of course! 150% versus 10% - what can one say?\n\nBut for some reason, none of these analysts recalls 2022. Last year, gold fell by just 0.3%. However, Bitcoin decreased by 65%. One might also look at the world's main benchmark. The S&P 500 index also fell by 20%.\n\nWhat does this imply? It's gold that remains a safe haven for investors. Don't expect strong price spikes like in BTC, where the asset grows exponentially. But with a near 100% guarantee, you can be confident that we won't see drops of tens of percent either.\n\n\n\nThis is a crucial fact for including gold in a diversified portfolio of assets, especially in its most conservative part. Gold has proven that over the decades, it serves the main task - preserving the real value of money. During inflationary periods, it grows. During periods of global instability and crashes, it also becomes more expensive.\n\nOn the other hand, when everything is fine and dandy in the world, traders and investors can turn their attention to riskier assets. Exiting gold to get money to invest in stock markets, cryptocurrency, etc.\n\nWhat awaits us in 2024? An event we haven't seen since 2008. What am I talking about? Of course, about the change in the Federal Reserve's monetary policy. After the mortgage crisis of 2008, the interest rate in the USA, as well as in most of the developed world, remained at a level close to 0-1%. We all know what this led to. And, by the way, it contributed to the rise of gold to $1920 in 2011.\n\nIn 2021, the tightening of monetary policy began. Theoretically, we are at its peak. And, as the rise of gold to new historical highs shows, the market thinks so too. Therefore, a change in the trend of lowering the Federal Reserve's interest rates may lead to an explosion of accumulated energy. When investors start getting rid of bonds that bring less and less income and shift to gold. We've been observing this over the past two months, and the trend is only set to intensify\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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}digitalgoldcoinpublished a new post: new-predictions-from-us-banks-on-the-outlook-for-gold-in-20242023/12/14 09:05:12
digitalgoldcoinpublished a new post: new-predictions-from-us-banks-on-the-outlook-for-gold-in-2024
2023/12/14 09:05:12
| parent author | |
| parent permlink | banks |
| author | digitalgoldcoin |
| permlink | new-predictions-from-us-banks-on-the-outlook-for-gold-in-2024 |
| title | New predictions from US banks on the outlook for gold in 2024 |
| body | All 2023 analysts of many investment banks did not pay attention to gold. The asset was in a sideways trend for a long time. But as soon as the $2,000 per ounce level was breached, US banks Goldman Sachs and Bank of America suddenly began to speak favorably about the yellow precious metal. The potential upside for gold prices will be closely linked to real interest rates in the US and dollar dynamics, but we also expect continued strong consumer demand in China and India, as well as central bank purchases, to offset downward pressure from positive growth surprises and a reassessment of rate cuts. Goldman Sachs said in a Goldman Sachs review published this week.  Bank of America analysts also spoke out at the same time. In a statement, they said the commodities department's main scenario is that the gold price will rise from the second quarter of 2024. Reasons: real interest rates are expected to be lowered as a result of interest rate cuts by the US Federal Reserve, which will have a positive impact on the price of gold. It is important to realise that Bank of America, is one of the largest players in gold trading in the US. According to the latest report of the US Securities and Exchange Commission (OCC), as of the end of the second quarter of 2023, Bank of America (BoA) traded precious metals derivatives with a nominal volume of $74bn off exchanges, i.e. in direct trade. In addition, BoA held gold derivatives with a notional value of $8 billion that were traded on exchanges. More significant in the OCC report is only JP Morgan, which is exclusively involved in OTC precious metals trading with a notional volume of $235bn. Goldman Sachs, in contrast, was not involved in precious metals derivatives trading at all, the report said. The OCC does not separate precious metals trades into gold and silver. However, experience shows that the vast majority (at least 85 per cent) of reported volumes are in gold derivatives. The change in the position of analysts of the largest American banks gives a strong signal to investors and speculators. The latter have been waiting for a strong growth of the yellow metal for a long time. At least since 2020, when the world's leading central banks began to print more money. Now comes the perfect moment for gold bulls. Not only market players but also analysts are waiting for the continuation of the uptrend in the gold market. Usually, when everyone is waiting for the same event, it doesn't happen. But probably not in this case. The cycle of rate cuts in Europe and the US will begin this year, unless something unexpected happens. And that will be the main trigger for gold's non-stop rise throughout the year. Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/r/golderc20/ |
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"author": "digitalgoldcoin",
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"title": "New predictions from US banks on the outlook for gold in 2024",
"body": "All 2023 analysts of many investment banks did not pay attention to gold. The asset was in a sideways trend for a long time. But as soon as the $2,000 per ounce level was breached, US banks Goldman Sachs and Bank of America suddenly began to speak favorably about the yellow precious metal.\n\nThe potential upside for gold prices will be closely linked to real interest rates in the US and dollar dynamics, but we also expect continued strong consumer demand in China and India, as well as central bank purchases, to offset downward pressure from positive growth surprises and a reassessment of rate cuts. Goldman Sachs said in a Goldman Sachs review published this week.\n\n\n\n\nBank of America analysts also spoke out at the same time. In a statement, they said the commodities department's main scenario is that the gold price will rise from the second quarter of 2024. Reasons: real interest rates are expected to be lowered as a result of interest rate cuts by the US Federal Reserve, which will have a positive impact on the price of gold.\n\nIt is important to realise that Bank of America, is one of the largest players in gold trading in the US. According to the latest report of the US Securities and Exchange Commission (OCC), as of the end of the second quarter of 2023, Bank of America (BoA) traded precious metals derivatives with a nominal volume of $74bn off exchanges, i.e. in direct trade. In addition, BoA held gold derivatives with a notional value of $8 billion that were traded on exchanges.\n\nMore significant in the OCC report is only JP Morgan, which is exclusively involved in OTC precious metals trading with a notional volume of $235bn. Goldman Sachs, in contrast, was not involved in precious metals derivatives trading at all, the report said. The OCC does not separate precious metals trades into gold and silver. However, experience shows that the vast majority (at least 85 per cent) of reported volumes are in gold derivatives.\n\nThe change in the position of analysts of the largest American banks gives a strong signal to investors and speculators. The latter have been waiting for a strong growth of the yellow metal for a long time. At least since 2020, when the world's leading central banks began to print more money.\n\nNow comes the perfect moment for gold bulls. Not only market players but also analysts are waiting for the continuation of the uptrend in the gold market. Usually, when everyone is waiting for the same event, it doesn't happen. But probably not in this case. The cycle of rate cuts in Europe and the US will begin this year, unless something unexpected happens. And that will be the main trigger for gold's non-stop rise throughout the year.\n\nWebsite : https://gold.storage/\n\nWhitepaper: https://gold.storage/wp.pdf\n\nFollow us on social media:\n\nTelegram: https://t.me/digitalgoldcoin\n\nSteemit: https://steemit.com/@digitalgoldcoin\n\nReddit: https://www.reddit.com/r/golderc20/",
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