Marc faber bitcoin news
Dollars, Weekly — Thomson Reuters. Gold trimmed a weekly decline as investors await the U. A good jobs number could lead to further gold weakness. A disappointing number should lead to safe haven demand on concerns about the U. Spot gold was up 0. It is on track for a third straight week of losses, its longest losing streak since September. Bullishly for gold, U. Fed Chair Janet Yellen said this week that sluggish growth in labour markets mean accommodative policies will be needed for some time.
Last month, she had said that the Fed may end bond buying this fall and raise borrowing costs six months after that. While speculators continue to play games with the paper or digital price of gold at quarter, half year and year end, physical demand continues to be robust globally and especially in Asia.
Dollars, 10 Year — Thomson Reuters. Middle Eastern demand remains firm too. In the webinar, some of the topics covered with Dr Faber included: The interview was as informative as ever and Dr Faber took the time to answer some questions from participants. Key thoughts from Dr Faber:. On outlook for gold prices: On national currencies versus monetary unions: If you look at which are the most prosperous countries — they are Singapore, Norway, Finland, Sweden, Switzerland, basically small sovereign states and democracy functions in a small society rather than a large society … I would recommend to any small country to leave the eurozone.
On cryto currencies and bitcoin: I own gold because when the system breaks down, I want to have some cash. With a bitcoin, there is a scenario where the system breaks down and you have no internet access and then what is the value of your bitcoin?
Please check back for new articles and updates at Commoditytrademantra. April 4, Under: Key thoughts from Dr Faber: Goldcore Please check back for new articles and updates at Commoditytrademantra.