Gold

Analyst Michaël van de Poppe argues that while the Fed’s rate cut grabbed headlines, the real story is the quiet restart of Quantitative Easing. This injection of liquidity, he says, will inevitably drive up the price of scarce assets like Bitcoin, despite short-term volatility.

Analyst Michaël van de Poppe argues that the Fed’s recent rate cut is a distraction from its more significant move: restarting quantitative easing. This ‘money printing’ is expected to drive up the prices of scarce assets like Bitcoin and gold, despite short-term volatility and an underlying economic crisis.

At GoldRepublic’s 15th-anniversary event in Amsterdam, economist Peter Schiff warned that the de-dollarization of the global economy is underway, driven by unsustainable U.S. debt. He argued that central banks’ record gold purchases signal a return to a gold-backed financial system, while GoldRepublic showcased a new model for digital gold ownership.

Central banks are buying gold at record rates amid economic uncertainty, with October marking the highest monthly increase this year. This trend has renewed discussions about Bitcoin’s role as ‘digital gold’ and whether it will benefit from gold’s surge.

An international conference titled ‘The Future of Gold’ is set to take place in Amsterdam, featuring prominent speakers like Peter Schiff and Jim Rickards. The event will explore gold’s role as a safe haven amid record-high prices, rising inflation, and global financial uncertainty.