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Gold Coins Have Been South Africa’s Best Investment For 50 Years

In the 50 years since the first Krugerrand was minted in South Africa, the gold coins have turned out to be one of the best investments in the country. As Bloomberg reports, the Krugerrand originally sold for 27 rand (then worth $35) back in 1967. One ounce of gold is now worth 16,840 rand ($1,273), […]


Australia Cracks Down On Bitcoin Exchanges; Shrugs Off Banks’ “Systemic” Money-Laundering Violations

Australian Government Is Cracking Down On The Nonexistent Bitcoin Money-Laundering Epidemic Australia’s largest banks can’t seem to go six months without a new scandal. In April, regulators accused Commonwealth Bank, one of the country’s largest financial institutions, of “systemic” money laundering violations, sparking an investigation into the broader banking sector, and the promise of heavy-handing […]


Bitcoin Cash Explodes To Record Highs Over $900 – Here’s Why

After meandering around $300 for the last two weeks, Bitcoin Cash has rocketed higher in the last few days – now trading at record highs over $900. As Bitcoin Cash has surged, Bitcoin has been falling (now back below $4000) as Bitcoin Cash mining profitability becomes more appealing to miners. Bitcoin Cash has surged to […]


Bitcoin Cash Soars 70% Overnight Amid Bitcoin Uncertainty & China Crackdown

Bitcoin Cash soared overnight, spiking as high as $569 (from below $300) as renewed uncertainty around Bitcoin re-forking, reports that the first 8mb block has been mined, and fears over further crackdowns in China on Bitcoin trading sparked demand for the forked currency, pushing it back up to the 3rd biggest cryptocurrency by market cap. […]


“From Nukes To Terrorism”: Battered Investors Flee Risk For Safety Of Bonds And Gold

The global risk-off mood accelerated overnight on Trump “stability concerns”, coupled with fallout from the Spain terrorist attack and lingering North Korea tensions, even if the VIX is off its latest highs, trading just above 15. Investors fled into German and U.S. Treasury bonds and bought gold for the third day in a row, as […]


Euro Dumps To Session Lows After ECB Minutes Reveal Concerns About “Euro Overshooting”

While hardly a surprise after yesterday's Reuters trial balloon, which killed any speculation that Draghi would use the Jackson Hole podium to announce ECB balance sheet tapering, sending the EUR sliding, moments ago the EUR dumped to fresh session lows after the highly anticipated ECB minutes were released, noting that "concerns were expressed about the […]


S&P Futures, Euro, Stocks Fall After Fed’s Low Inflation Warning

S&P futures, European stocks and bond yields all fell in early trade alongside oil and the euro after the latest Fed minutes expressed concern over weak U.S. inflation, while Asian equities rose overnight ahead of WalMart earnings and the latest ECB minutes. Gold rose as high as $1,290 before fading most gains as the USDJPY […]


Salt, Wampum, Benjamins – Is Bitcoin Next?

Authored by Michael Lebowitz via 720Global.com, Currency was first developed about 4000 years ago. Its genius was in the ability to supplant barter thus greatly improving trade and providing a better means for storing value. As illustrated in our title, currency has taken on many different physical forms through the years. Given the recent advances […]


Venezuela’s Grim Reaper – A Weekly Report

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation.  As the bolivar […]


Spitznagel: Why Cryptocurrencies Will Never Be Safe Havens

Authored by Mark Spitznagel via The Mises Institute, Every further new high in the price of Bitcoin brings ever more claims that it is destined to become the preeminent safe haven investment of the modern age — the new gold. But there’s no getting around the fact that Bitcoin is essentially a speculative investment in a […]


Crypto-Carnage – Bitcoin Is Down $500 From Overnight Highs

Cryptocurrencies are crashing this morning… After a 70% surge following the fork to a new record high at $4400, Bitcoin is getting battered this morning…   Dow $500 from overnight highs…   As a reminder, Goldman Sachs' chief technician Sheba Jafari increased her forecast for Bitcoin to over $4800… but warned that the virtual currency […]


“The Real Flippening” – Bitcoin’s Now Bigger Than Paypal

Thanks to this weekend's dramatic surge to new record highs in Bitcoin ($4,251), the market cap of the largest cryptocurrency has now surpassed that of PayPal. Bitcoin total market cap topped $70 billion for the first time…   Surpassing that of PayPal… in what Colu’s Udi Wertheimer called the "real Flippening."   As CoinTelegraph reports, the symbolic […]


Bitcoin Has No Yield, but Gold Does Report 13 August 2017

Last week, we said: It is commonly accepted to say the dollar is “printed”, but we can see from this line of thinking it is really borrowed. There is a real borrower on the other side of the transaction, and that borrower has powerful motivations to keep paying to service the debt. Bitcoin has no […]


FX Week Ahead: Myopic Markets Hit USD On Inflation Miss

Submitted by Shant Movsesian and Rajan Dhall MSTA from fxdaily.co.uk FX Week Ahead – Myopic markets hit USD on inflation 'miss' – rest of the major economies in focus ahead. Once again, sluggish inflation takes a hammer to currency and we saw the USD turn back from a tentative recovery, which many still see as […]


Futures Up, Gold Down With World “On The Brink”

Despite the dramatic action in Bitcoin this weekend, it appears the world’s wise capital markets investors know just what to do faced with civil war in America, kinetic war with Venezuela, and nuclear war with North Korea – simple – Buy The Dow and Sell Gold… Bitcoin suggested some ‘angst’…   But the machines wanted […]