US banks are indicating they will no longer process purchases of cryptocurrencies on their credit cards. Capital One, in fact, has already banned buys of Bitcoin and Ethereum.
It’s not quite the conflict between inches and centimeters, but there is a standardization issue in the gold market.
Commodity-related investments will even outperform technology shares
Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals, spooking investors in a country that’s still wary of digital-token exchanges four years after the collapse of Mt. Gox.
Clive says gold and silver are about to enter a vigorous bull market as soon as something Clive has been watching happens...
The dollar continued to tank Wednesday, hitting a 3-year low after Treasury Secretary Steven Mnuchin said he welcomed a weakening dollar.The dollar index measuring the greenback against a basket of six major currencies slipped below 90 for the first time since December 2014. Meanwhile, gold climbed, hitting its highest level since August 2016.
The World Gold Council has weighed in on the cryptocurrency vs. gold debate. Unsurprisingly, the organization came down on the side of the yellow metal. But despite whatever bias you might perceive, the WGC report is certainly worth considering.
David Morgan tells Silver Doctors the gold and silver markets have just seen a significant positive change in momentum...
The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash. The WILDCARD in the gold market is the retail investor, which will cause panic gold buying.
You know how it was in 2017. Crypto was going to replace gold, run a three-minute mile, colonize Mars, and singlehandedly usher in a never-ending era of world peace. It’s time for a reality check.
Relative value between major currencies and gold since 1900
Not only has the dollar surged, but the cartel is smashing the metals right now, especially silver. Here's an update...
More stimulus is in order. In the longer run, though, the Fed should abandon its quarter-percentage-point limit on interest-rate increases.
Why the Next Downturn “Will Not Look Like 2008”
(Potential Bad News For US Treasury … And Taxpayers) US Public Debt has over doubled in size since mid-2008 during the financial crisis as The Fed lowered its target rate and began its quantitative easing (Treasury and Agency MBS purchases) was announced was announced on November 25, 2008.
Following yesterday's disastrous drop in existing home sales (due to record low supply), new home sales plunged 9.3% MoM after November saw its biggest surge since Jan 1992, revised dramatically lower.
In about four years, the federal government could be spending more on debt interest payments than on all of the discretionary non-defense programs.
Investors dump US dollar & rush to gold
Peter Schiff says "This *BLEEP* Is about to get real...We are about to go through some major, major stuff like nothing we've ever seen"...
Rising Rates and Decelerating Deficits Spell Doom For Housing (Again)