Author name: Peter

Why You Shouldn’t Be Fooled By “Gold-Buying” Headlines!

Self-Directed gold IRAs are fantastic because they allow you to invest in precious metals, without having to work with middlemen. Actually, these accounts are so easy that even your grandmother could use them! When you purchase physical gold, silver, palladium, platinum and rhodium coins, bars, rounds, and bullion, you get instant liquidity. But if you’d […]

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El Salvador Reaffirms Commitment to Bitcoin, Defying IMF’s Call to Drop BTC as Legal Tender

El Salvador's Bitcoin Law to Remain in Place El Salvador Vice President Félix Ulloa has stated that bitcoin will continue to serve as legal tender in the country, even after the International Monetary Fund (IMF) urged them to drop the cryptocurrency. Despite the IMF's repeated calls, Ulloa emphasized that El Salvador remains committed to bitcoin

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Rich Dad Poor Dad Author Robert Kiyosaki Warns Stock and Bond Markets Are ‘About to Crash’

Robert Kiyosaki's Latest Market Crash Warning Renowned author and Rich Dad Poor Dad co-author, Robert Kiyosaki, has once again sounded the alarm on the imminent crash of the stock and bond markets. With the stock market continuing its upward climb, Kiyosaki warns against being deceived by the belief that the economy is strong. In fact,

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Tether Holdings Reports Record-breaking Net Profit in Q4 2023

Bitcoin and Gold Price Appreciation Contribute to Tether's Record Profit In the last quarter of 2023, Tether Holdings Limited achieved a remarkable milestone, registering a net profit of $2.85 billion. This figure contributed to the stablecoin issuer's overall net profit for the year, which surpassed $6.2 billion. The company's secured loans, totaling $4.8 billion, were

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Chinese Investors Flock to Gold as Stock Market Rout Continues

Chinese Investors Turn to Gold Amid Stock Market Turmoil Chinese investors are increasingly turning to gold as a safe investment option amidst the ongoing poor performance of traditional stock and property markets. According to the World Gold Council (WGC), China witnessed the highest demand for gold for both jewelry and investment purposes in 2023, propelling

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Bitcoin Price Analysis: Bullish and Bearish Sentiments Clash in Volatile Market

Bitcoin's Volatile Price Movement On Friday, the price of bitcoin experienced significant fluctuations, ranging from $41,937 to $43,347. Despite the volatility, its market value reached an impressive $846 billion. The trading activity for the day amounted to $17.35 billion, indicating increased investor participation and market liquidity. However, as the weekend approached, these factors tend to

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The Office of Foreign Assets Control Revokes License of Venezuela-Owned Gold Company Minerven

The Office of Foreign Assets Control (OFAC) has taken the decision to revoke the license of Minerven, the state-owned gold company of Venezuela, to engage in gold transactions in international markets. This move comes after the easing of sanctions on Minerven in October, and it is set to be implemented again on February 13. Furthermore,

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Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities

Genesis Global Holdco, a subsidiary of Digital Currency Group, has reached a $21 million settlement with the Securities and Exchange Commission (SEC) to resolve a lawsuit regarding its crypto lending practices. This settlement comes as Genesis aims to put an end to the legal challenges it has faced following its bankruptcy filing in the wake

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The Turbulence in the Commercial Real Estate Market Sends Shockwaves Through Banking Sector

U.S. Central Bank Decision Sparks Concerns Following the U.S. central bank's recent decision to keep the federal funds rate unchanged, the commercial real estate market is experiencing turbulence that is affecting both the country's banking sector and international markets. The repercussions of this decision can be seen in the plunging share prices of New York

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