Gold

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Crypto News Roundup for Aug. 16, 2021
With traders looking towards another bull run and an update on the global reserve currency game, CoinDesk’s Markets Daily is back with the latest news roundup.
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Bitcoin As Digital Gold?
Bitcoin as Digital Gold?
This Sunday, Aug. 15, will be the 50th anniversary of the end of the Bretton Woods currency system, when then-President Richard Nixon ended the dollar’s convertibility to gold...
Bitcoin As Digital Gold?

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The Nixon Shock: 50 Years of Money Without Gold
The “Nixon Shock” took place 50 years ago this week – when the dollar was disconnected from gold and the world was turned upside down.
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Precious Metals Data Provider Kitco to Issue Gold-Backed Stablecoin
Kitco Gold will be backed by physical gold stored in vaults and will track the real-time market value of the yellow metal.
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Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient
Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient
Is gold or bitcoin a safe-haven asset? Over the past few months, bitcoin’s returns have declined nearly 40%, while gold’s returns have only fallen roughly 1%. “All About Bitco...
Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient

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Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
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Bitcoin, Gold Are Likely to Withstand Fed Taper, SkyBridge Capital Says
They will show resilience even if the central bank curtails its monetary stimulus program.
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Crypto Long & Short: Bitcoin's Taproot Update Shows How It's Not Like Gold
When Bitcoin undergoes a technological shift, it's a test of narratives that underpin the asset's value.
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Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold
Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold
Jeff Currie, Goldman Sachs’ head of commodities research, said Tuesday cryptocurrencies are not a substitute for gold when looking for an inflation hedge, but for copper. He n...
Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold