Analytics

Recently, the Coinbase cryptocurrency exchange (USA) announced the sale of bonds worth $1.5 billion, later changing the amount by $2 billion. One of the leaders of the crypto industry borrows money at the expense of bitcoins.

Currently, there is a tense situation on the gold market. Dragmetall trades around $1,800 an ounce, but it's hard to predict where the course will go next. Some experts are confident that the yellow metal exchange rate will decline against the background of attractive stock assets and bitcoin for investment.

As you know, 50 years ago, American President Richard Nixon withdrew the United States unilaterally from the Bretton Woods monetary system, which was created at the end of World War II. The first and irreversible step in this process was the decree of the American president on ending the convertibility of dollars into gold.

As you know, the Perth Coin House minted gold investment coins in honor of one of the 12 animals of the Chinese Lunar Calendar. Thematic products have an identical design, but with differences on the reverse (in color and without it).

Precious metals are protective assets that provide financial well-being to their owners against the background of unfavorable conditions in the stock markets and depreciation of paper currencies. On average, the "useful life" of paper currency is 25-40 years. Then, as a rule, it is depreciated if governments increase budget spending.

At the beginning of last week, the price of gold rose amid a decline in the dollar index relative to most of the leading currencies. The yellow metal also rose in price due to a negative reaction from traders to the prospect of tightening the Fed's monetary policy.

Let's talk about the forms of physical gold and the factors that should be taken into account when buying precious metal.

In recent years, interest in silver has reached a record high. This is partly due to the demand for precious metal as an investment asset. Experts believe that gray metal is an excellent tool for diversifying the portfolio. Investors buy gray metal to protect against inflation.

Gold prices are testing a new low. Now it is necessary to closely monitor the reaction of financial markets to the Fed's statement on monetary policy. On Wednesday, September 22, representatives of the US central bank announced that in November a plan will be announced to reduce monthly bond purchases.

The results of the past week: prices for yellow metal decreased amid rising yields of US government bonds and an increase in investor interest in risk assets, despite news of a possible default by the largest Chinese developer Evergrande Group.