Category Archive: 6a) Gold & Monetary Metals

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A Gold Guy’s View Of Crypto, Bitcoin, And Blockchain

2017-12-20

Bitcoin was on my radar far back as 2011, but for years, I didn’t think much of it. It was a curiosity. Nothing more. Sort of like the virtual money you use in World of Warcraft or something. In 2015, looking deeper, I slowly (not the sharpest tool in the shed) arrived at that “aha” inflection point that most advocates of honest money arrive at. I realized that a distributed public ledger has the power to change, well, everything.

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National Precious Metals Company Announces Sound Money Scholarship Winners

2017-12-19

by Jp Cortez

2017-12-19

December 13, 2017 (Eagle, Idaho) -- A national precious metals dealer has selected four outstanding students to receive tuition assistance from America’s first gold-backed scholarship fund. Beginning last year, Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League and well known members of academia and freedom-minded non-profits to offer the first gold-backed...

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Buy Gold, Silver Time After Speculators Reduce Longs and Banks Reduce Shorts

2017-12-17

by GoldCore

2017-12-17

Concentration of Traders in the CFTC COTs

Gold and silver COT suggests bottoming and price rally coming. Speculators cut way back on long positions and added to short bets. Commercials/banks significantly reduced short positions. Commercial net short position saw biggest one-week decline in COMEX history. ‘Big 4’ commercial traders decreased their short positions by 28,800 contracts. Seasonally, January is generally a good month to own gold (see table). "If history is still reliable,...

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Bitcoin vs Fiat Currency: Which Fails First?

2017-12-16

by Charles Hugh Smith

2017-12-16

What if bitcoin is a reflection of trust in the future value of fiat currencies? I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Those with supreme confidence in fiat currencies might want to look at a chart of Venezuela's fiat currency, which has declined from 10 to the US dollar in 2012 to 5,000 to the USD earlier this...

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Sprott Money News Ask The Expert – December 2017 – Jim Willie

2017-12-15

by Sprott Money

Acclaimed analyst Jim Willie joins us for a look ahead to 2018 while answering questions submitted by customers of Sprott Money.

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Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price

2017-12-15

by Jan Skoyles

2017-12-15

Year-end rate hike once again proves to be launchpad for gold price. FOMC follows through on much anticipated rate-hike of 0.25%. Spot gold responds by heading for biggest gain in three weeks, rising by over 1%. Final meeting for Federal Reserve Chair Janet Yellen. Yellen does not expect Trump's tax-cut package to result in significant, strong growth for US economy. No concern for bitcoin which 'plays a very small role in the payment system'.

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A Race To The Potential Behind Bitcoin

2017-12-13

by Jeffrey P. Snider

2017-12-13

The timing just never seems to fall in our favor. If we had had this conversation ten years ago as would have been appropriate, then this evolution might have fell perfectly in our collective laps. Just as the global financial system, really the international, interbank monetary system of the eurodollar, was crashing all around us, the genesis block of the Bitcoin blockchain was hard coded.

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Russia, China and BRICS: A New Gold Trading Network

2017-12-12

by Ronan Manly

2017-12-12

One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers lined up, the most notable inclusion was probably Sergey Shvetsov, First Deputy Chairman of Russia’s central bank, the Bank of Russia.

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What Is Money? (Yes, We’re Talking About Bitcoin)

2017-12-11

by Charles Hugh Smith

2017-12-11

What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar with is the only possible system of money—until they run across an entirely different system of money.

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Bailins Coming In EU – 114 Italian Banks Have Non Performing Loans Exceeding Tangible Assets

2017-12-09

by Jan Skoyles

2017-12-09

Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets. Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans. Italy’s banks weighed down under €318bn of bad loans. New ECB rules could ‘derail’ any recovery in Italy’s financial system. Draft proposal requires banks to provision fully for loans that turn sour from 2018. ECB insists banks have better access to collateral on delinquent debt...

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Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries

2017-12-08

by Jan Skoyles

2017-12-08

Silver’s Positive Fundamentals Due To Strong Demand In Key Growth Industries. Increased efforts in green energy and advanced technology set to boosts silver’s demand. Four-year supply deficit set to increase due to fewer mine openings and discoveries. Bank manipulation may be why silver under performing. TD Securities and the Bank of Montreal expect silver to be best performing precious metal in 2018.

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An Interview with GoldCore Founder, Mark O’Byrne

2017-12-07

by Mark O'Byrne

2017-12-07

“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…” So says GoldCore founder and self-confessed gold bug, Mark O’Byrne. Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now… But before we got to the nitty-gritty, I started by asking him a little about his background.

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It’s Now Time For Gold Keith Weiner Says

2017-12-06

by Keith Weiner

Please click above to subscribe to my channel Thanks for ing! Financial News Silver News Gold Bix Weir RoadToRoota Road To Roota Kyle Bass Realist . Please Click Below to SUBSCRIBE for More Special Reports Videos Thanks for ing!

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What’s the Point? Precious Metals Supply and Demand Report

2017-12-06

by Keith Weiner

2017-12-06

Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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What Gives Cryptocurrencies Their Value

2017-12-05

by Tyler Durden

2017-12-05

The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings.

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Low Cost Gold In The Age Of QE, AI, Trump and War

2017-12-04

by Mark O'Byrne

2017-12-04

‘Fear and Loathing In the Age of QE … AI’ is a presentation given at Mining Investment London earlier this week. Stephen Flood, CEO of GoldCore presentation (28 minutes) was well received at the conference which is a strategic mining and investment conference for leaders in the mining and investment sectors, bringing together attendees from 20 countries.

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Bitcoin Tops $10,100 – Fed’s Powell Says “Cryptocurrencies Just Don’t Matter”

2017-12-03

by Tyler Durden

2017-12-03

Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time. Bitcoin has now soared over 20% since Black Friday's close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)... now up over 950% year-to-date.

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Own Gold Bullion To “Support National Security” – Russian Central Bank

2017-12-03

by Jan Skoyles

2017-12-03

We own gold bullion to “support national security” – Russian Central Bank. Russia warns Washington: Confiscating fx reserves would be “declaration of financial war”. Russia has quadrupled its gold bullion reserves in decade. BRICs discussing ‘the possibility of establishing a single (system of) gold trade’. Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar. Putin warns state-owned and private companies: be ready for rapid...

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Did Anyone Do Even a Minimal Check on the Sensationalist Bitcoin Electrical Consumption Story?

2017-12-03

by Charles Hugh Smith

2017-12-03

Check the context before uncritically accepting sensationalist conclusions. Let's start with a primer on how to write a sensationalist story that can be passed off as "journalism:" 1. Locate credible-sounding data that can be de-contextualized, i.e. sensationalized. 2. Present the data as "fact" rather than data that requires verification by disinterested researchers.

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Cool Video: Short Take on Bitcoins

2017-12-02

by Marc Chandler

2017-12-02

I stopped by Bloomberg near midday to talk with Vonnie Quinn and Shery Ahn. We talked about many macro issues, but this clip that Bloomberg provided covers is the one topic that has overshadowed the big rally in US equities, tax reform and Matt Lauer: Bitcoins. In this two minute clip, I mention that despite Bitcoins capturing the headlines, most Americans are not and cannot be involved.

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