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What’s the Long-Term Performance of Gold Versus Cryptocurrency? U.S. Money Reserve Examines.

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AUSTIN, Texas, Aug. 2, 2022 /PRNewswire/ — Bitcoin and other cryptocurrencies have been dubbed “digital gold,” but how well do these assets compare to actual physical gold? U.S. Money Reserve, America’s Gold Authority®, explores this and more.

 

CRYPTO GOES BROKE | GOLD REMAINS STRONG IN JULY 2022
The cryptocurrency market has lost almost $2 trillion in market capitalization since November 2021, according to data from CoinMarketCap. Crypto hedge fund Three Arrows Capital went from managing $10 billion in assets to filing for bankruptcy in the first half of the year. Over roughly the same period, crypto lender Celsius went from managing over $25 billion in assets to managing only $167 million. Most who purchased and held cryptocurrencies during the last boom have seen their holdings drastically drop.

A Barron’s article (“Gold Prices Are Holding Up as Stocks, Bonds, and Crypto Plunge”) dated June 17, 2022, sums up crypto’s recent troubles as “at odds with the prevailing narrative of the past few years, which preached that these digital assets would take the place of the yellow metal as a haven in turbulent times. It should be clear now that the opposite is true, at least this time.” The limited history of cryptocurrency makes it difficult to clearly define its role in a portfolio and determine if it acts as a safe haven over the long term or if it behaves more similarly to speculative assets.

14 YEARS VERSUS OVER 5,000 YEARS
The first cryptocurrency, Bitcoin, emerged in 2009. By contrast, gold’s origins date back more than 5,000 years. Gold coins premiered as a form of currency around 550 B.C., pre-dating the introduction of paper money.

Given that cryptocurrency is in its infancy, the digital asset has a limited track record. There can be significant risk involved in putting your money into a relatively new asset class. The price of a cryptocurrency can be extremely volatile. Holdings that may be worth thousands of dollars today might only be worth only hundreds tomorrow, and there’s no guarantee the price will go up again.

Gold, however, has a substantial history. One of the most important attributes of physical gold is that it is a tangible asset.

In short, gold’s tangible nature and intrinsic benefits make it hard to be fully replaced by a digital asset.

GOLD’S RELEVANCE IN JULY 2022

Gold is considered a traditional hedge against the stock market—and, now more than ever during the current economic turbulence, gold should be considered as part of a diversified portfolio.  Learn more at https://usmr.com/PR-USMRHP_08022022 and watch the video below for more information on gold versus crypto.

https://www.youtube.com/watch?v=xgWrKK5KerA

For a deeper understanding of the differences between cryptocurrency and gold, read this article from U.S. Money Reserve’s Chief Procurement Officer and Master Numismatist John Rothans, which details the differences.
https://usmr.com/PR-JR_BLG_08022022

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SOURCE US MONEY RESERVE

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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November 23, 2024

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

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SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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4 hours ago

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November 23, 2024

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

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SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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November 23, 2024

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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