Purchases of American Gold Eagles soared in May according to recent data released by the US Mint.

It has been reported that Saudi Arabia is entertaining the idea of pricing its oil in yuans. Pricing oil in yuans would tremendously undermine the US petrodollar and could even knock off the dollar as a reserve currency. Currently, the majority of oil is bought and sold using dollars. This forces countries to hold large amounts of dollars in their banks in order to purchase oil, which props up the dollar as the ultimate de facto world currency. 

Many OPEC countries have talked about using gold or other alternatives currencies instead of dollars but are met with great resistance. China understands this issue and has worked to set up an alternative system to the petrodollar: the petroyuan.

The London Bullion Market Association (LBMA) has currently suspended transactions with all six Russian silver and gold refineries. The ban of Russian refineries on LBMA’s “Good Delivery” list is part of the US, EU, and the UK sanctioned imposed on Russia for its incursion on Ukraine. LBMA will still accept Russian bars produced prior to the ban.

Currently, many people are concerned about a falling economy and record-high inflation rates. If you look at the gold price, you will notice a steady growth in value compared to other assets. Read along as we answer some of the most common questions when investing in gold, silver, platinum, and palladium assets.

As the world transitions out of the COVID-19 pandemic and works towards rebuilding its economy, a growing conflict between Russia and Ukraine has reached a boiling point. Since 2014, Russian separatist forces in the Donbas region have fought against the Ukrainian military for independence. On Feb 21, 2022, Russian President Vladimir Putin announced that Russia will acknowledge the independence of the breakaway states Donetsk and Luhansk in Ukraine’s Donbas region. Putin then ordered troops to mobilize the breakaway regions and conduct “special operations” in Ukraine. As a result, the US has placed economic sanctions against Russia which can affect energy and precious metal supplies. Then, Germany suspended the certification of a new gas pipeline: the Nord Stream 2. 

Coin collecting has become a highly popular form of precious metals investing over the past several generations. Investors look towards precious metal coins that are exclusive as a way to add value to their collections. Not to mention it’s a fun hobby as well! If you want to diversify your portfolio with highly coveted coins, then the Tudor Beasts Collection might be right for you. Following the great success of the Royal Mint's Queen’s Beasts collection, investors anticipate that the Tudor Collection will attract even stronger demand. The Royal Mint coins provide top-of-the-line products and have gained international recognition for their return on investment.

A new malware dubbed “Mars Stealer” was recently used in several hacking incidents leading to the theft of millions of dollars in cryptocurrency from digital wallets. Mars Stealer is an upgrade to the Oski trojan which was widely used in malware attacks in 2019. The new malware targets over 40 browser-based digital wallet extensions like Coinbase Wallet, Metamask, and Binance Chain Wallet. Additionally, the malware has capabilities of targeting two-factor authentication (2FA) extensions with a grabber feature that takes the user’s private keys.

Security experts noted that digital wallets like Ronin Wallet, Nifty Wallet, MetaMask, Coinbase Wallet, Binance Chain Wallet, MEW CX, and TronLink are the main target for hackers using the malware. The malware targets Chromium-based browsers, which affects the most popularly used browser like Google Chrome, Brave, and Microsoft Edge. On the other hand, Opera and Firefox are less vulnerable but can still be affected by credential-hacking.

With growing concerns over an upcoming recession, stock market crash, and increasingly high inflation rates, many savvy investors are looking to precious metals as a safe way to protect their wealth during tough economic times. One way investors can hedge against inflation and a stock market crash is by rolling over their 401(k) into a gold IRA plan.

If you’re looking for an asset that protects against inflation, buy gold!  Take a look at our helpful guide below for some tips on purchasing this precious metal.

During times of high inflation, consumer goods, investments, real estate, and fuel prices can increase significantly. The increase in the cost of living expenses is a symptom of inflation -the expansion of the money supply within our economy. Inflation can deplete your wealth, leading many people to look for alternative options to hedge against it. 

There is no question that 2021 gold and silver prices generated strong debates among investors and analysts regarding precious metals’ performance numbers. But with the start of 2022, many investors and analysts are highly optimistic about silver’s potential of outperforming gold.

Silver struggled in 2021, down 13.5% year-to-date. Market factors ranging from mixed economic data, lower industrial demand, and a stabilized dollar affected the price of the precious metal.

In August 2020, Shiba Inu was created anonymously as an Etherium-based altcoin. This digital token receives its name from the famous Japanese hunting dog breed Shiba Inu and uses an image of the dog as its mascot.

Recently, the World Gold Council conducted a survey where it found that financial institutions, both private and public, are losing faith in the U.S. dollar. As a result, central banks are dropping dollars for gold. For example, Singapore increased its gold reserves by 20% earlier this year. By the second quarter of 2021, Singapore had added an additional 26.3 tons of gold. This is the first time Singapore has expanded its gold reserves since 2000, and its reserves now hold about 154 tons of the precious metal. The Monetary Authority of Singapore (MAS) believes that investing more in gold will allow the central bank to further diversify its portfolio and remain resilient through financial turmoil.

If you have visited a car dealership, gas station, or grocery store recently, there is a strong chance you’ve noticed a significant increase in prices. Similarly, if you look into consumer goods, investments, real estate properties, and even utility bills, you will see a huge difference in prices compared to previous years. This unfortunate phenomenon is called inflation. 

The definition of inflation has changed throughout the years. Central banks and economists, who support the bank’s monetary policies, will define it slightly differently than its detractors. But something everyone seems to agree upon is that inflation is the loss of a currency’s purchasing power.

New Bitcoin Investment Vehicle Debuted on Wall Street, With More on the Way

A new Bitcoin-focused exchange-traded fund, ProShares Bitcoin Strategy ETF, debuted on Wall Street. ProShares Bitcoin Strategy ETF will trade in Bitcoin futures contracts that speculate on the future price of Bitcoin as opposed to the cryptocurrency itself. 

In anticipation of the launch of the ETF, Bitcoin recently jumped 3%. Also, Bitcoin futures increased by 2%. Asset managers estimate that with the introduction of crypto NFTs, particularly with Bitcoin, valuation will continue to increase. Some analysts believe Bitcoin is well on its way to hitting the $100,000 mark. With reputable investors like Paul Tudor Jones and Mark Cuban betting big on Bitcoin, many people are flocking to what crypto pioneers call digital gold.