Tag Archives: 6a) Gold & Bitcoin

Washington, DC (February 5, 2018) – A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes: “U.S. Justice...

Several bills introduced in the Tennessee legislature would eliminate sales and use tax against  gold, silver, platinum, and palladium. Introduced by Representative Ron Gant (R-Rossville), House Bill 212 removes sales and use tax against platinum, gold and silver bullion, some numismatic coins, and numismatic coins sold at trade show. Senator Delores (R-Somerville) has introduced a bill, Senate Bill 333, identical to...

On January 6, we wrote the Surest Way to Overthrow Capitalism. We said: “In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free market can know the right rate.” Today’s article is part I that promised article. Let’s consider how to know the right rate, first. It should not be controversial to...

Daniel Haudenschild (left) with the new CVA board following their election. (Crypto Valley Association) The new President of the Crypto Valley Association has vowed to turn around the divided organization. Daniel Haudenschild was elected on Thursday evening together with a new board following months of unrest. Speaking to swissinfo.ch two days after his shock departure from Swisscom Blockchain, Haudenschild said his...

The state-owned Swiss telecoms operator has branched out into blockchain technology. Daniel Haudenschild has stepped down as Chief Executive Officer of Swisscom Blockchain with immediate effect. The state-owned telecommunications group gave no reason for the shock move by the top manager and shareholder of its blockchain advisory unit. News of Haudenshild’s departure clearly came out of the blue for the Swiss blockchain...

Buy bitcoin or gold? Bitcoin buyers are investing in gold in 2019 Poll of 4,000 bitcoin buyers shows their No 1 investment in 2019 is gold “Gold lost to bitcoin and now it’s going the other way…” says ETF strategist “Gold is a store of value and there’s no disputing that…” Buy Bitcoin or Gold(see more posts on gold price, )Gold in USD (10 Years) – GoldCore.com - Click to enlarge via CNBC.com Bitcoin’s hot streak is...

via Marketwatch: Gold futures settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries. Rising gold prices reflect “political uncertainty” in the U.S., Eurozone, Venezuela and pockets of South America, as well as China-U.S. trade talks, said George Gero, managing director in RBC....

Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is: “a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a currency monopolist is restricting the supply of the financial...

Last week, we joked that we don’t challenge beliefs. Here’s one that we want to challenge today: the dollar doesn’t work as a currency, because it’s losing value. Even the dollar’s proponents, admit it loses value. The Fed itself states that its mandate is price stability—which it admits means relentless two percent annual debasement (Orwell would be proud). So there is no question that the dollar loses value. The only...

Crypto-friendly Swiss regulation and data security has enticed many people to keep their bitcoin in Swiss vaults. Bitcoin services provider Xapo is winding down activities at its Hong Kong base and transferring key operations to Switzerland. Xapo president Ted Rogers said the move has been driven by Switzerland’s friendlier regulatory environment. “It was once thought that Hong Kong was the holy grail of crypto...