Gold Imports Surge as China Buys
Jan Nieuwenhuijs highlights the People’s Bank of China’s covert gold accumulation, estimating over 100 tonnes via unreported London imports in Q4 2024. #Update #Gold @PBOC ↗ (+3)
Jan Nieuwenhuijs highlights the People’s Bank of China’s covert gold accumulation, estimating over 100 tonnes via unreported London imports in Q4 2024. #Update #Gold @PBOC ↗ (+3)
@GalaxyResearch predicts $BTC to surpass $150,000 in 2025, potentially reaching $185,000 in Q4, with market cap hitting 20% of gold’s. #Update #Crypto @GalaxyResearch ↗ (+3)
ProShares files Bitcoin-hedged ETFs, covering S&P 500, Nasdaq 100, and Gold, investing 80% in convertible bonds, aiming to hedge USD exposure with BTC futures. #Update #ETF @ProShares ↗ (+4)
New ETFs from @BloombergIntelligence offer access to $BTC, Gold, $ETH, and MicroStrategy. Tidal Investments and Quantify Chaos Advisors propose a Bitcoin-Gold ETF to reduce market swings. #Investing #CryptoNews
Gold prices reached a record-breaking $2,450 per ounce, driven by geopolitical tensions and expectations of a dovish Federal Reserve stance, marking a historic high and emphasizing gold’s role as a premier asset in uncertain times.
Michael Burry’s Scion Asset Management has notably invested $10 million in physical gold by purchasing over 440,000 units of the Sprott Physical Gold Trust during the first quarter, spotlighting a strategic move towards tangible assets amid economic uncertainties.