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Gold News

Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.

Market Analysis
The price of gold has also been stagnating, but this isn't necessarily bad for "digital gold" Bitcoin.
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Michaël van de Poppe
2021-02-25T15:00:00+00:00
50385
News
While Musk said Schiff "might as well" have crypto in lieu of gold deposit statements, he did warn that digital currency valuations may be running hot
Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff
Andrew Thurman
2021-02-20T18:46:59+00:00
43767
Market Analysis
Bitcoin's rally to $54,850 boosted its market capitalization above $1 trillion, a feat which took Amazon and Google decades to achieve.
Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google
Marcel Pechman
2021-02-19T17:02:16+00:00
22358
Markets News
One analyst says Bitcoin is "eating" the precious metal as gold bugs scramble to find support amid repeated new all-time highs.
Bitcoin buys more gold than ever, with one ounce now costing under 0.035 BTC
William Suberg
2021-02-17T13:00:00+00:00
28370
News
"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter.
Gold bug Peter Schiff gives Bitcoin permission to hit $100K
Turner Wright
2021-02-16T21:15:00+00:00
35454
News
Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said.
Crypto investors should consider buying gold, Newcrest Mining CEO says
Helen Partz
2021-02-11T10:24:15+00:00
11668
Analysis
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks.
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
Kirill Bryanov
2021-02-04T17:18:15+00:00
16526
News
The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024.
Bloomberg's Mike McGlone says BTC could be headed to $50K as gold loses appeal
Joshua Mapperson
2021-02-04T02:19:00+00:00
10831

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