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There was a time when the US dollar used to reign supreme. The world’s currencies would often be envious of the USD’s global repute and the positioning that the currency has emanated and practiced around the world. However, with the constant USD weaponization and sanctioning, the world is now at odds with the American currency. This has led the world to dump the USD, looking for alternatives to damage its prestige for the longest time. As the multipolar world continues to evolve, the concept has certainly taken a toll on the US dollar, with the currency’s forex reserves noting a rapid decline. But the real question is, will the USD lose its current stature soon? Also Read: Demand for US Dollar Drops in Global Copper Trade US Dollar Forex Reserves Are Declining: Should You Be Worried? Source: Watcher Guru The US dollar is currently in a twist, facing major resistance as developing currencies continue to hammer the dollar. The USD’s weakening stance due to rapid de-dolla...

Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad’ , has again thrown his weight behind Bitcoin (BTC), now recommending increased accumulation of the digital asset. According to the investor, he is not only holding the cryptocurrency but is actively buying more as the asset trades above the crucial $100,000 spot, he said in an X post on May 17.  Kiyosaki believes Bitcoin will surge to $250,000 this year, doubling down on his prediction amid what he describes as a collapsing global financial system. For the long term, he sees BTC hitting $1 million.  The financial educator warned that the “Marxist Central Bank system” is unraveling, arguing that alternative commodities such as gold, silver, and Bitcoin will thrive as fiat currencies and traditional institutions lose credibility and stability. GOOD NEWS for people with not much money. I am buying more silver eagles today. The good news is silver is the biggest investment bargain today. ...

Leading financial analyst and gold proponent Peter Schiff explained on X how China could easily crash the US dollar now. His bold statements come after China recently dumped $23 billion worth of US Treasuries and trimmed its dollar holdings. China held $1,350 billion worth of US Treasuries in 2012 and steadily cut the holdings for over a decade. It now holds only $760 billion worth of US Treasury bonds and is diversifying its reserves with gold. Also Read: UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins Source: US Treasury Department China Could Bring the US Dollar in Just 3 Steps, Says Peter Schiff Source: iStock Veteran analyst Peter Schiff explained that the US could lose the trade wars if China just pulls three strings. He said that China needs to dump all its US Treasuries and replace its central bank reserves with gold. The move will reduce the power of the USD and bring inflation in the homeland if the White House fails to import the USD. Also Read: ...

Amid his continuous recommendations for investing in gold, silver, and Bitcoin (BTC), Robert Kiyosaki, a renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ recently shared why he believed Bitcoin is a better investment than real estate. Specifically, Kiyosaki explained that the main reason why investing in the maiden cryptocurrency might be better than investing in real estate is its movability and flexibility or the ease of distributing it when needed in an episode of his The Rich Dad Channel podcast streamed on August 22. Bitcoin is easier to trade Indeed, according to the famous finance educator and entrepreneur who, among his other investments, also engaged in trading real estate, has long argued that commodities like gold, silver, and Bitcoin were better: Picks for you Here’s why analysts ...

The Central Bank s of BRICS and other developing countries are on a GOLD -buying spree while simultaneously offloading the US dollar from their reserves. The World Gold Council reported that BRICS is the largest buyer of GOLD in 2022, and 2023, and is continuing the spree in 2024. While accumulating GOLD , BRICS members Russia and China are dumping US Treasury bonds and other assets. Also Read: 3 Ways BRICS Started the De-Dollarization Process In 2024 alone, BRICS member China offloaded $53.3 billion worth of US Treasury bonds and accumulated billions worth of gold. Other BRICS countries are following suit but the numbers are smaller compared to China’s dumping of US Treasuries. BRICS: Gold Glitters, US Dollar Declines Source: VCG / ChinaDaily.com.cn Gold is now the most loved asset in the Central Banks of BRICS nations while the US dollar is being shunned. Egon von Greyerz, the Founder of Matterhorn Asset Management said that this is the “BRICS gold era”. Also Rea...

Once again, the crypto currency market finds itself at the center of contention as Bitcoin’s value undergoes a notable downturn while GOLD continues its upward surge, reaching unprecedented price levels. Enter Peter Schiff, a prominent economist, and vocal BTC critic, reigniting discussions on the merits of the precious metal versus the leading crypto currency. Source Bitcoin’s Struggle and Schiff’s Assertion As BTC briefly flirted with the $71.5K mark before experiencing a significant sell-off, Schiff took to social media to reaffirm his belief in gold’s superiority over BTC. His argument centers on Bitcoin’s failure to surpass its previous all-time high when valued in gold, which he suggests undermines Bitcoin’s narrative as “digital gold.” He added, “While Bitcoin made a new high price in dollars, it failed to make a new high price in GOLD . Perhaps it never will.” This is a very interesting chart. While #Bitcoin made a ...

Spot GOLD prices jumped by 0.3% to $2,043.80 per ounce by 0615 GMT. The rally represents the fourth consecutive day the yellow metal has seen a price increase. On Wednesday, bullion reached a two-week high of $2,055.89. However, US GOLD futures fell by 0.3% to $2,061.20. On the other hand, spot silver fell 0.2% to $22.88 per ounce. Meanwhile, platinum dropped 0.2% to $915.73, and palladium edged 0.1% lower to $975.56. Source: LSEG Also Read: Gold Price Surges Past $2025; Here is How High It Can Go in February . After a plummet in October, the yellow metal’s prices have gradually climbed over the past few months. Why is Gold going up? The recent rally is most likely due to expectations of the Federal Reserve to cut interest rates. However, the Fed has pushed back against the likelihood of a cut in March. Nonetheless, the central bank is confident inflation rates will come to the 2% target. According to Jigar Trivedi, an analyst at Reliance Securities, the Fe...