Robert Kiyosaki says it’s time to buy gold and silver, predicting a stock market crash will push prices higher for precious metals. In other news, the crypto community has been wondering about former Alameda Research CEO Sam Trabucco and his whereabouts as former Alameda CEO Caroline Ellison’s guilty plea was unsealed and troubling information about client funds emerged. Bitcoin.com News further reports that the dollar has lost 96% of its purchasing power since the creation of the Federal Reserve as the US Fed turns 109 on December 23rd. Finally, one market strategist expects oil to “crush” other investments in 2023. It’s all below, in this latest issue of Bitcoin.com Newsweek in Review.
Robert Kiyosaki warns of last chance to buy gold and silver low — Stock market crash will push them higher
Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, says now may be the last chance to buy gold and silver at low prices. “Inflation is rising. Interest rates are rising. The stock market will collapse, sending gold and silver at high prices,” Kiyosaki described.
Caroline Ellison’s affidavit claims that FTX boss SBF directed her to pool Client Funds since 2019.
On December 23, 2022, Matthew Russell Lee of Inner City Press published the transcript of the recently unsealed guilty plea of former Alameda Research CEO Caroline Ellison. In his deposition, Ellison described being Alameda’s chief executive officer and CEO, and in those roles he reported directly to FTX’s former CEO, Sam Bankman-Fried (SBF). The former Alameda CEO’s affidavit details full knowledge that Alameda Research had access to a private debt facility from 2019 to 2022 that allowed the company to maintain an unlimited line of credit with zero collateral. According to Ellison, the “borrowing opportunity” was FTX’s customer funds.
Crypto Community Asks: Where in the World Is Former Alameda CEO Sam Trabucco?
Following the arrest of FTX co-founder Sam Bankman-Fried and the revelations of co-workers Gary Wang and Caroline Ellison, the spotlight has shifted to the remaining executives who are part of the team’s inner circle. Another person people are interested in these days is Sam Trabucco, the former CEO of Alameda Research. The 30-year-old executive left Alameda in August 2022, but since Ellison detailed wrongdoing in 2019, Trabucco is believed to know a thing or two about what was going on.
‘Oil price is north of $200/barrel’ — Investor expects oil to ‘crush’ every investment in 2023
Against the background of a sluggish global economy, a number of market strategists and analysts believe that oil will be the number one investment in 2023. If the price of one barrel of oil varies between 80.12-85 dollars, Goldman Sachs analysts think that oil will reach 110 dollars. A barrel of Brent oil and strategists from Morgan Stanley also believe that oil will reach $110 in mid-2023. The founder of Praetorian Capital recently warned that a barrel of oil could jump higher next year.
As the Fed turns 109, the purchasing power of the US dollar has declined by more than 96% since its inception.
109 years ago, the US Federal Reserve System was created, and since then the purchasing power of the US dollar has declined significantly. Over 96% of the dollar’s purchasing power has been eroded by inflation since the Fed began.
What are your thoughts on these stories? What do you think was the most memorable story of 2022? Be sure to let us know in the comment section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Refusal: This article is for informational purposes only. This is not a direct offer or an offer to buy or sell or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or use of any content, goods or services mentioned in this article. does not carry