►The price of gold has reached new highs in both euros (€63.368 per kg) and dollars ($2,160 per troy ounce). But what is driving this rise of the goldprice?
►China's central bank has increased its gold reserves for the 16th month in a row, contributing to the record high gold price.
►Will New York Community Bank customers lose confidence in the bank? If so, a possible bank run will cause a domino effect at other regional banks.
€63.368 - all time high for gold!
March 7 2024
Gold vs. Bitcoin
February 29 2024
►Currently, 1 kilogram of gold is equivalent to 1.048 Bitcoin. A drop in this ratio could mean that it becomes more attractive for Bitcoin owners to exchange their digital currency for gold - as gold, expressed in Bitcoin, becomes cheaper.
►At GoldRepublic, we note that some of our customers are gradually exchanging their gains from cryptocurrency, mainly Bitcoin, for gold to balance their portfolios.
►The situation in the physical silver market in 2023 can be summarized as follows: a
Banking crisis flares up
February 22 2024
►In the largest US banks, bad loans for commercial real estate have exceeded loss reserves, mainly due to a sharp increase in arrears for offices, shopping centers and other properties.
►Comparing 2005-2006 to 2023: Banks bankrupt & realized losses
►The banking crisis may offer opportunities
The US has no choice…
February 15 2024
►On Feb. 13, it came out that the US inflation rate for January was 3.1%, slightly higher than the expected 2.9%.
►Bitcoin just touched the $52,000 mark and now has a total market cap (market capitalization) of $1 trillion!
►Germany has overtaken Japan as the third largest economy in the world after the United States and China, removing Japan from the top three after decades.... »