gold | ForkLog

ForkLog 14 14.05.2025

UBS Reports Rising Interest in Bitcoin and Gold Among Asia’s Wealthy Clients

Wealthy clients of UBS in Asia are shifting their focus from dollar-denominated assets to gold, cryptocurrencies, and Chinese markets. Representatives of Switzerland’s largest bank made this statement, according to Cointelegraph. Amy Lo, co-head of UBS’s asset management division in Asia, cited growing geopolitical uncertainty and persistent volatility as the main reasons for this shift. According […]

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ForkLog 28 29.04.2025

Bitcoin’s Correlation with Gold Surges After February’s Decoupling

The 30-day Pearson correlation coefficient between Bitcoin and gold has reached 0.54, nearing the annual high of 0.73. This may indicate a strengthening narrative of Bitcoin as a safe-haven asset among investors, researchers at The Block noted.

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ForkLog 12 29.04.2025

Tether Confirms 7.7 Tonnes of Gold Backing for XAUT

The issuer conducted the first official attestation of the “gold” stablecoin XAUT. USDT continues to lead the stablecoin market with a share exceeding 66%. Participation of institutional investors and political elites reflects a global trend towards legitimising digital assets. Tether reported that the gold backing for the stablecoin XAUT amounted to 7.7 tonnes at the […]

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ForkLog 11 22.04.2025

Peter Schiff Faces Backlash for Comparing Gold to Money

Following gold’s new ATH surpassing $3500, Euro Pacific Capital’s president, Peter Schiff, referred to the precious metal as money. Gold is not just any commodity, it’s money. Under normal circumstances gold does not move the way it is now. It’s already up another $58 tonight, trading above $3,483. This is the end of the U.S. […]

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ForkLog 11 16.04.2025

Bitcoin Fails to Prove Itself as a Safe Haven Asset, Experts Say

While gold continues to set records amid new volleys in the trade war, Bitcoin is not behaving as a “safe haven asset,” according to a report by QCP Capital. Asia Colour — 16 Apr 25 1/ The real negotiations begin now. After unleashing shock-and-awe tariffs, the U.S. is already shifting tone — offering exemptions and […]

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ForkLog 7 04.04.2025

JPMorgan: Bitcoin’s Status as ‘Digital Gold’ Diminishes

The outflow from ETFs and high volatility highlight the weakening narrative of bitcoin as ‘digital gold’. The fair value of the leading cryptocurrency is estimated at $71,000. An analyst predicted a rally for altcoins with high utility. High volatility and outflows from BTC-ETFs undermine the perception of the leading cryptocurrency as digital gold, while its […]

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ForkLog 31 24.03.2025

Max Keiser Predicts Gold-Backed Stablecoins Will Surpass Dollar-Pegged Alternatives

Gold-backed stablecoins are set to outperform their US dollar-pegged counterparts in global markets, according to Max Keiser, television host and founder of Heisenberg Capital. A stablecoin backed by Gold would out-compete a USD-backed stablecoin on world markets: Russia, China, Iran should take note. It would track inflation The USD does not. You’re guaranteed to lose […]

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ForkLog 19 24.03.2025

NYDIG Highlights Benefits of Gold Tokenization for Bitcoin

Tokenizing the United States’ gold reserves could have a positive impact on the leading cryptocurrency. This was stated by Greg Cipolaro, Head of Research at New York Digital Investment Group (NYDIG). According to him, moving precious metals onto the blockchain will increase transparency, but the reserves will still remain dependent on centralized structures, unlike Bitcoin. […]

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ForkLog 22 11.03.2025

Experts Question Bitcoin’s Status as Digital Gold

Gold remains a reliable safe-haven asset, while Bitcoin continues to behave like high-risk tech stocks during periods of market instability. This conclusion was reached by experts surveyed by The Block. Nigel Green, CEO of deVere Group, highlighted the accumulation of “warning signals” indicating the possibility of continued sell-offs in the stock market. The executive pointed […]

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ForkLog 10 18.02.2025

Polymarket Skeptical of US Gold Reserve Audit by DOGE

The prediction platform Polymarket has opened bets on the potential audit of the US gold reserve by the Department of Government Efficiency (DOGE), led by Elon Musk. On February 16, Senator Rand Paul called on the billionaire to conduct an inspection of the Fort Knox bullion vault—the first since 1974. Musk supported the idea. This […]

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ForkLog 54 18.02.2025

Why gold is rising faster than bitcoin

In the opening weeks of 2025, gold set a new all-time high, nearing $2,950 per troy ounce. The leap was a year in the making: the price had been edging up throughout 2024, largely overlooked by media fixated on bitcoin, which is striving to take the precious metal’s place in investment portfolios. What is driving […]

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ForkLog 29 05.01.2025

JPMorgan: Bitcoin and gold have become structurally important

The “debasement trade” trend will persist over the long term as allocations to gold and bitcoin in investor portfolios expand, JPMorgan analysts said, according to The Block. “The rise in gold prices over the past year has gone well beyond the moves implied by changes in the US dollar and bond yields. This likely reflects […]

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