If you thought gold’s run over the past five years was extraordinary, returning 177% (1), get ready for the next five. Since 2020, the value of gold has skyrocketed (2) from $1,585 per ounce to over $4,500 per ounce. Must read Now, German investment bank Deutsche Bank predicts it will almost double to $8,000 per…
Investors hoard gold (GC=F) and silver (SI=F) as stores of value. Among their uses for jewelry, manufacturing, and investments, they can provide asset diversification and a hedge against inflation. But which precious metal made the most money for investors over the past 50 years? The answer is clear: since 1976, the price of gold has…
He rich dad poor dad The author, who has spent nearly three decades warning Americans about the fragility of the financial system, delivered more “bad news” this week. Two radical policy changes starting in 1974 that Kiyosaki believes planted the seeds of the financial crisis that he says is now unfolding in real time. Related:…
For thousands of years, people have used gold (GC=F) as a currency and store of value. It is estimated that approximately 219,880 tons of gold have been mined throughout history, according to the World Gold Council. Today, governments, corporations, and individual investors own gold. Given the prevalence of gold, if everyone sold their gold holdings…
Gold holdings exceed those of the US Treasury. Photo by BeInCrypto For the first time since the mid-1990s, foreign central banks have held more gold than US Treasuries. This milestone shows a significant shift in the way global power views security, liquidity and trust. Beyond a market event, the quiet rotation from paper to metal…
