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‘Fool’s Gold’ Actually Contains a Newly Discovered Type of Real Gold, Scientists Find

[Science Alert, Wikimedia Commons] The mineral pyrite was historically nicknamed fool’s gold because of its deceptive resemblance to the precious metal. The term was often used during the California gold rush in the 1840s because inexperienced prospectors would claim discoveries of gold, but in reality it would be pyrite, composed of worthless iron disulfide (FeS₂). Ironically, pyrite […]

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Bitcoin vs. Gold: 10 experts told us which asset they’d rather hold for the next 10 years, and why

[Business Insider] A slew of experts gave Insider their opinion on where bitcoin stands compared to gold after the digital currency reached a $1 trillion market cap this week.Bitcoin vs. Gold As bitcoin continues its meteoric run, more investors are now reviewing the longstanding comparison between the famous cryptocurrency and gold.Bitcoin crossed the $1 trillion market […]

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JPMorgan says bitcoin could rise to $146,000 long term as it competes with gold

[CNNC, Getty Images] JPMorgan said bitcoin could rally as high as $146,000 in the long term as it competes with gold as an “alternative” currency.Bitcoin’s volatility would need to drop substantially before it can match gold in terms of market value, the bank’s strategists said in a note Monday.JPMorgan CEO Jamie Dimon once called bitcoin […]

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Gold just hit a fresh record high — but some say silver is set to overtake

KEY POINTS The blasts in Beirut, which killed dozens and wounded thousands, “probably (added) to the shine of Gold above $2020,” said a note from Mizuho Bank.This year, gold prices have shot to record highs since September 2011, as investors fled to safe havens with the pandemic showing no signs of abating and a crashing […]

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Gold ETF Holdings Are Booming and Only the U.S. Government Holds More

[Bloomberg] Bullion has rallied to record as pandemic drives haven demandGoldman is among banks predicting gains above $2,000 an ounceInvestors are so concerned about the global outlook that worldwide holdings in gold-backed exchange-traded funds now stand behind only the official U.S. reserves of bullion after they surpassed Germany’s holdings. Gold has rallied to a record […]

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Economic Uncertainty Drives Gold Price To A Record High

[NPR, AP] In uncertain economic times, investors tend to put their money in gold. So it’s perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have soared nearly 30% so far […]

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Stock Market Update For The Week Ahead: ‘Cautious Attitude’

[Benzinga] The Last Week In A Nutshell What Happened: “U.S. stocks are closing in on record highs. But behind the scenes, uneasy investors are keeping their options open,” said Lindsey Bell, chief investment officer for Ally Financial Inc-owned (NYSE: ALLY) Ally Invest. “They’ve bought gold at a historical pace, boosting the metal’s price to nine-year highs. Same goes for Treasuries, […]

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Central Banks Set For Gold Rush Over Financial Crisis Fears

[Forbes] Central bankers look set to go on a gold buying binge this year in the wake of the Covid-19 pandemic, new research shows. And the leading reason for the likely desire to buy bars of bullion is fear of another financial crisis, according to a recent report from industry group World Gold Council. Central Banks […]

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