Russia’s Duma Deputy Chairman Suggests Launch of Centralized Stablecoin Backed by Gold Jan. 24, 2022 Source: Pixabay The Chairman of the State Duma Committee on Industry and Trade, Vladimir Gutenev, recently announced that Russia could withdraw a ban on gold-backed stablecoins and allow government-controlled cryptocurrency mining. With recent threats made […]
Gold and Silver Prices Surge as US Dollar Weakens Dec. 28, 2021 Source: Pixabay The US dollar fell today as oil prices spike and the Omicron strain threatens a prolonged economic economy. The Japanese Yen, considered a safe-haven currency, hit a one-month low as investors ditch the currency for U.S. […]
Gold Price Rise As fear of Omicron Variant Persist Nov. 30, 2021 Source: Pixabay Investors flocked to gold after Moderna CEO stated that vaccines are less effective against the Omicron variant, spiking fears once again of potential shutdowns to the economy. The US dollar took a .3% hit allowing gold […]
Today, AMC and GameStop shares are all the rage: AMC jumped over 300% at the open. GameStop made impressive movements as well, more than doubling on Wednesday and rising 110%. At the start of the year, AMC stock was a mere $2, but it is now over $16. GameStop, however, […]
Precious metals prices have slumped to a nearly one-year low as of Wednesday morning with gold trading at around $1,227 and silver at $15.56 at the time of writing. The slumping precious metals market is looking for a rally. Yesterday, the Federal Reserve Chairman, Jerome Powell, was on Capitol Hill where […]
