Market Trends & Predictions - Gold prices have surpassed $4,000 per ounce for the first time [1] - TD Securities predicts a potential rise to $4,400 in the first half of next year, with a trading peak possibly a few hundred dollars higher [3] - A correction might see a consolidation to around $3,600-$3,700, but continued deficits and central bank buying could push prices above $4,400 [7] Driving Factors - Multiple factors are driving the price, including momentum, concerns about government spending, and fears related to government debt [3] - The US government shutdown and potential economic suffering could trigger more aggressive Federal Reserve easing, lowering the carry for gold [4] - Inflation concerns, with potential for inflation to move significantly above the 2% target, are also driving interest in gold as a hedge [5] Potential Risks & Overbought Signs - Technically, resistance is building around $4,150, with RSIs printing 90, indicating overbought conditions [6] - A benign government settlement that alleviates risks and reduces the Fed's economic worries could cause a correction in gold prices [8] Investment Strategy - Ray Dalio suggests allocating 15% of portfolios to gold due to the current economic environment resembling the 1970s, characterized by inflation, heavy government spending, and high debt [1]

Monetary Policy - European Central Bank (ECB) Governing Council member Olli Rehn warns of the risk that consumer-price growth slows below the 2% target [1]

Economic Commentary - The rising cost of groceries is a common concern, as highlighted by a reference to the movie E T (1982) [1] - A Bitcoin standard is suggested as a potential solution to inflation, leading to groceries becoming more affordable over time [1] Bitcoin Standard Implication - The adoption of a Bitcoin standard could fundamentally change the perception and experience of inflation [1]

Safe Haven Asset - Gold is considered a safer haven than the US dollar by Billionaire Ray Dalio [1] - Gold's record-setting rally is reminiscent of the 1970s, a period marked by high inflation and economic instability [1] Market Trend - Gold surged during the 1970s due to high inflation and economic instability [1]

JUST IN: 🇺🇸 Citadel's Ken Griffin says inflation is above target and the dollar is falling 📉Ideal conditions for Bitcoin 📈 https://t.co/MXW5sV2SsU ...

Core Insights - Meanwhile, a regulated life insurance company operating entirely in bitcoin, has raised $82 million to enhance its savings and retirement products aimed at protecting against inflation and currency devaluation [1][2] Funding and Investment - The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark [2] - This funding follows a previous $40 million round in April, led by Fulgur Ventures and Framework, with early investment from OpenAI CEO Sam Altman [2] Product Offering - Founded in Bermuda, Meanwhile offers life insurance and annuity products denominated in bitcoin, allowing policyholders to save and transfer wealth in an asset with a fixed supply [3] - The service aims to protect customers against inflation and currency devaluation, although policyholders are exposed to bitcoin's price volatility [3] - Products are regulated by the Bermuda Monetary Authority and designed to mirror traditional long-term financial tools, but in bitcoin [3] Financial Strategy - The company generates returns on held bitcoin through long-term lending to private credit markets, which helps meet claims obligations and maintain solvency standards similar to traditional insurers [4] Market Position and Growth - Meanwhile's approach has gained traction among individuals and institutions, reflecting a growing interest in alternatives to dollar-based insurance and treasury products [5] - The company's bitcoin assets under management have increased over 200% this year, significantly outpacing bitcoin's 34% year-to-date growth [5] Future Plans - The new capital will be utilized to partner with traditional insurers, expand internationally, and develop new bitcoin-linked retirement tools that comply with regulatory standards [6]

Core Viewpoint - Peter Schiff predicts that the price of gold may continue to surge, with a significant increase already observed from $2,652 per ounce in October 2024 to $3,995 a year later, marking a 46% rise [1]. Group 1: Gold Price Forecast - Schiff forecasts that gold could potentially reach prices as high as $100,000 per ounce, representing an upside of over 3,700% from current levels [2]. - He emphasizes that the value of gold is not changing, but rather the dollar's value is decreasing due to excessive money printing [2]. Group 2: Economic Context - Schiff attributes his bullish outlook on gold to the risks associated with excessive money printing and inflation, suggesting that the dollar will lose significant value [3]. - Gold is viewed as a hedge against inflation, as it cannot be printed in unlimited quantities like fiat currency, making it a "safe haven" asset during economic or geopolitical uncertainty [4]. Group 3: Investment Options - Investors can consider gold IRAs, which allow for holding physical gold or gold-related assets within a retirement account, combining tax advantages with the protective benefits of gold investment [5].

Federal Reserve Bank of Kansas City President Jeff Schmid said officials need to keep pressing against inflation, which has remained stubbornly high https://t.co/emROFedOo6 ...

Christine Lagarde suggested the ECB has circled in on its inflation target and expects the economy to pick up in 2026 https://t.co/gHXLuaT1Mu ...

Market Overview - Stock markets are constantly hitting record highs [1] Economic Indicators - There is "virtually no inflation" [1]