Tag Archives: 6a) Gold & Bitcoin

The price of gold has been up steadily for the last 30 days (with a few zigs and zags), now re-attaining the high it achieved prior to the big drop in March. Gold ended the week at $1,662. Alas, it’s not quite the same story in silver, whose price drop was bigger. Now its price blip is smaller. Silver ended the week at $15.19. One does not need to look to the gold-silver ratio, which is currently off the charts, to see that the world has gone mad. Silver, it has long...

◆ Gold prices surged to new all time record highs in euros and other digital fiat currencies today due to concerns about the outlook for risk assets and currencies in an era of unprecedented economic and monetary risk. ◆ Gold prices rose to a more than seven-year high in dollars today at $1,726/oz (see chart below) as mounting fears of a steeper global economic downturn due to draconian government lock downs increase and highlight gold bullion’s safe haven...

“All of the projection models were wrong. All of them,” admitted New York Governor Andrew Cuomo in an interview last week with MSNBC. Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators… that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed. Governor Cuomo had warned America that New York City was the canary in the coal mine, that other cities would soon...

The Swiss financial regulator took a closer look at cryptocurrency activities last year. (© Keystone / Gaetan Bally) Switzerland’s financial regulator brought charges against eight “initial coin offering” (ICO) blockchain projects for breaching anti-money laundering rules last year. ICOs raise money from the public by selling digital tokens that promise to hold future value for the consumer. The fundraising activity is designed to make it easier for start-ups to...

So, the stock market has dropped. Every government in the world has responded to the coronavirus with drastic, if not unprecedented, violations of the rights of the people. Not to mention, extremely aggressive monetary policy. And, they are about to unleash massive fiscal stimulus as well (for example, the United States government is about to dole out over $2 trillion worth of loot). The question on everyone’s mind is what will be the consequences? The standard...

“The Medievals were smarter than most people think,” says Dr. Michael Mus. “I mean, sure, they tortured people for believing that the sun was the center of our solar system, and they burned witches at the stake. But they knew a thing or two about gold.” Picture of Dr. Michael Mus Dr. Mus is working to perfect a method of turning lead and other base metals into gold. He says he is so close, that he will only need one more grant from the King government. Then he says,...

Nachdem ich mich systematisch mit den verschiedenen Teilproblemen beschäftigt habe, bin ich nun überzeugt, eine machbare, vertretbare und rasche Lösung für das Corona-Problem gefunden zu haben. Ziel 1: Übersterblichkeit verhindern Die Verantwortlichen sollten besonders gefährdete Personen (ältere Personen mit einer oder mehreren Vorerkrankungen, Personen mit geschwächtem Immunsystem) empfehlen (nicht befehlen!), a) in den nächsten Wochen...

◆ GoldCore remain open for business unlike many dealers, mints and refineries (see News below) and we continue to buy bullion coins and bars and sell gold bars (1 kilo). The supply situation changes hour to hour. ◆ We, like the entire industry have experienced record demand in recent days and the global supply of gold and silver bullion coins (legal tender 1 oz) and gold bars (in 1 oz and 10 oz formats) has quickly evaporated. We continue to have gold bars (1 kilo)...

The price of gold dropped $31, and that of silver fell even more by proportion, $2.14. The gold-silver ratio hit a hit of over 126 before closing the week around 119. This exceeds the high in the ratio last hit in the George H.W. Bush recession. Last week, we were warming up to silver, if not recommending it. We said: “While we would not recommend betting on silver with leverage at this moment, we certainly would not be short silver right now. If you don’t own any,...

In den vergangenen Tagen habe ich mich immer wieder gefragt, “wo besteht eigentlich das Problem?” Zu oft habe ich das Gefühl, dass viele Experten, Medien und Politiker mit den Zahlen ein Durcheinander haben und so mehr zur Verwirrung als zur Klärung beitragen. Deshalb hier der Versuch einer strukturierten Aufschlüsselung. Eine Bitte an alle Leser: Ich suche Quellen (Webseiten, Videos [mit Minutenangabe], Interviews, etc.), welche meine Fragen entweder beantworten...