Commodity Trade Mantra

Posts Tagged ‘Digital Currencies’

Gold Prices Struggle to Breakout from the Tightest Range in a Decade

Gold prices continue to oscillate in a remarkably tight trading range. In fact, with a span of little more than $33 over the last 25 days of trading, we are looking at the most complacent period of trade for the precious metal since 2007. But I expect this precious metal to be shaken out of its dormancy by any number of fundamental cues over the very near future.

Gold Plated Yuan & Cryptocurrencies will soon attack the US Dollar

Some 70 hedge funds have bought bitcoin. The crypto currency’s price volatility provide something traditional markets are lacking…action. China has wanted to unshackle itself from the dollar for a long time and now they’re giving yuan-denominated gold contracts a third try. The dollar will soon be under attack: both from a gold-plated yuan and the cryptocurrencies.

Cryptocurrencies will Never Replace Gold for a Number of Good Reasons

Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin? Both assets, after all, are sometimes favored as safe havens. They’re decentralized and accepted all over the world, 24 hours a day. Transactions are anonymous. Supply is limited. But I don’t think for a second that cryptocurrencies will ever replace gold, for a number of good reasons. Here’s why.

How the Blockchain and Gold Can Work Together

Gold-on-the-blockchain technology appears to hold great potential when it comes to making possible a world of digital gold money transactions. Governments use regulation & taxation to inhibit & even prevent unencumbered competition among monies. The evolution of the blockchain largely circumvents many of the obstacles governments put in the way of a free market in money.

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