There are currently no gold mines operating in El Salvador, something that President Nayib Bukele wants to change. For this reason, in the coming days, it will send to the Legislative Assembly a request to repeal the Mining Prohibition Law in El Salvador, with the aim of beginning to carry out “responsible exploitation” of this … Read more
Unlike gold, bitcoin shows low correlation with inflation. There would still be a long way to go before bitcoin became a means of payment and a mass unit of account. Bernstein, an investment management firm, stated that bitcoin could replace gold as the main store of value asset in the next ten years. Gautam Chhugani, … Read more
Bitcoin has reached a new milestone by surpassing $100,000 for the first time in its history. This advance not only represents an all-time high in dollars, but also against goldone of the oldest and most recognized financial assets in the world. At the moment, 1 bitcoin is equivalent to 39 ounces of gold. The previous … Read more
From Chile they maintain that the reserves must meet high security criteria. In this way, they differ from countries like Brazil and the United States. In contrast to the debates currently occupying congressmen in Brazil and the United States, in Chile the idea of establishing a strategic bitcoin reserve has been categorically rejected. The Central … Read more
50 million ounces of gold await the country to reverse the law that prohibits metal mining. Bukele’s bitcoin strategy is already giving strong signs that it is working. The president of El Salvador, Nayib Bukele, is determined to continue diversifying the national treasury after he revealed, in March of this year, the address of a … Read more
1,000 tons of gold were found, increasing the global supply of the yellow metal, The discovery highlights the importance of bitcoin as a secure store of value. China has discovered a huge gold deposit with reserves estimated at more than 1,000 tons, as reported by the Geological Bureau of Hunan province, in the center of … Read more
Wyoming US Senator Cynthia Lummis is proposing that the United States sell part of its gold reserves to finance the purchase of 1 million bitcoin (BTC), representing approximately 5% of the total BTC supply in circulation. In one interviewLummis explained that they already have “the financial assets in the form of gold certificates to convert … Read more
The price of bitcoin (BTC) broke the $90,000 barrier and continues to set new all-time highs (ATH). With this rise, it becomes the seventh most valuable asset in the world. As CriptoNoticias has reported, the price of BTC skyrocketed after the Donald Trump’s victory in the United States presidential elections. The Republican leader promised to … Read more
Sovereign Gold Bond: There is good news for those investing in Sovereign Gold Bond (SGB). Sovereign Gold Bond (SGB) Series III 2016-17 has given returns of nearly 160 per cent in the last 8 years. This gold bond was issued on 17 November 2016. The final redemption date has arrived for investors who had invested … Read more
Donald Trump’s victory in the United States presidential election has injected optimism into the bitcoin (BTC) and cryptocurrency market, taking the digital currency to a new all-time high in recent hours. For its part, Gold has not had the same luck and its value is beginning to fadeshowing a clear change in investment preferences. Trump … Read more