- Tether Gold has broken its own record for value
- Schiff was right, although he was not believed
Gold-backed XAUT token set new price record
XAUT token is increasing in price against the background growth gold value
Tether Gold rose to $ 1902
Peter Schiff’s predictions turned out to be true
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The rapid growth in the value of the token issued company Tether contributed to the rise in global gold prices. Note that an ounce of gold exceeded $ 1900 for the first time in the last five years.
Tether Gold has broken its own record for value
Gold Backed Token As Usage Increases cryptocurrencies new species appear tokens. They are may personify value or something intangible, like, eg, vote. Two… More XAUT has set a new price record at $ 1902 per unit. This became possible after Togo, how the cost of a troy ounce of gold rose to incredible high price marks, exceeding the cost of $ 1900. It should be noted that over the past five years, gold has remained practically unchanged in price and traded at the level of $ 1550 – $ 1600. However, since February of this year, immediately after the announcement of the coronavirus pandemic in the world, the cost of the yellow metal has gone up sharply.. After falling stock, commodity, currency and cryptocurrency markets gold began to be called the only protective asset. Note that gold is not only did not lose in value during the crisis, but, on the contrary, significantly strengthened by market.
As the expert predicts, XAUT will continue to increase in price against the background of the announcement of the US government on the adoption of the second bill to stimulate the economy, which implies a second additional emission dollar USA.
Schiff was right, although he was not believed
Gold is an the only protective asset. Such think earlier was put forward by the famous bitcoin hater and supporter of traditional investments Peter Schiff. He stated that the price of gold will exceed record levels amid massive purchases of the precious metal by governments of various countries..
Then, few believed in Schiff’s predictions, and the crypto community even launched a meme, which the ridiculed expert predictions. but already through some weeks after of this case gold really began to increase in price, and retail investors began to claim that the precious metal more fits for investments than bitcoin.
In particular, the CEO digital Galaxy Digital Holdings Bank Mike Novogratz in an interview with CNBC Fast Money urged to stock up on gold rather than bitcoin due to high volatility cryptocurrency asset.
IN support the famous investor and author of the bestselling Rich Dad Poor Dad Robert Kiyosaki. He does not deny that he is investing funds in gold, silver and partly in bitcoin. And although the crypto coins did not receive until widespread in society, the bestselling author believes that with every year quantity cryptoinvestors will be increase.
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