Federal Reserve officials showed a willingness to lower interest rates further this year, but many expressed caution driven by concerns over inflation at their policy gathering last month https://t.co/H1qK3Aq04Y ...

Monetary policymakers should not try to fix all Britain's economic problems despite the issues the country faces but stick to the core job of tackling inflation, Bank of England Chief Economist Huw Pill said in a call for "conservative central banking." https://t.co/5FVnx41PQj ...

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 ...