Category Archive: 6a) Gold & Monetary Metals
‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank
‘Availability of gold strengthens public confidence in the central bank’s balance sheet’ say Bundesbank. Bundesbank has Audited Reserves amounting to almost 3,400 tonnes, around 68% of Bundesbank’s reserve assets. Bank taken series of steps to increase transparency around Germany’s gold holdings. Germany has second largest gold holdings in the world; U.S. believed to be largest. Transparency important and all central banks should follow the...
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David Smith: Cryptos Bringing Broad Attention to All Dollar Alternatives
Read the full transcript here: https://goo.gl/EDQrZf David Smith of The Morgan Report and MoneyMetals.com columnist weighs in whether crypto-currencies and precious metals can coexist and talks about what we can glean from the current mania in the cyrptos as it relates to the upcoming mania in precious metals. Be sure to stick around for my …
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Regulating Cryptocurrencies–and Why It Matters
Nations that attempt to limit cryptocurrencies' ability to solve these problems will find that protecting high costs and systemic friction will grind their economies into dust. There's a great deal of confusion right now about the regulation of cryptocurrencies such as bitcoin. Many observers seem to confuse "regulation" and "banning bitcoin," as if regulation amounts to outlawing bitcoin.
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Goldnomics Podcast – Gold, Stocks, Bonds, Bitcoin in 2018. Everything Bubble Bursts? (Episode 1)
In this our first GoldNomics podcast we take a look at the major financial market themes of 2017 and delve into the outlook in 2018. GoldCore CEO Stephen Flood and GoldCore’s Research Director and world renowned precious metals commentator Mark O’Byrne are interviewed by Dave Russell. Touching on a wide range of macro-economic and geo-political …
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A Gold Guy’s View Of Crypto, Bitcoin, And Blockchain
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
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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Bitcoin vs Fiat Currency: Which Fails First?
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
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
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
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
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)
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
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
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
“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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