Economist Peter Schiff Declares 'Bitcoin Fad is Over' as Gold Prices Soar – Featured Bitcoin News
Related Articles
-
What The Rising Gold Price Signals (Spoiler Alert: Nothing Good)
What The Rising Gold Price Signals (Spoiler Alert: Nothing Good) Authored by Antonius Aquinas, The recent run-up in the gold price has not garnered the attention among the mainstream financial media outlets as it should. Gold has, in part, been overshadowed by the rise in the price of bitcoin and other cryptocurrencies. Naturally, the financial press, which is really an arm of the government and its central bank, wants to ignore, as much as possible, references to gold as...
-
Gold and bitcoin demand is surging as U.S. debt rises
Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to reach a record 106% of gross domestic...
-
Fed’s Preferred Inflation Gauge Show Prices Rising Sharply
The PCE index shows that progression on bringing down inflation has stalled. | Economy