Month: October 2013

Bitcoin Responds To Its Environment, Gold Has Not…Yet

[heading]Bitcoin Responds To Its Environment, Gold Has Not…Yet[/heading]

I like Bitcoin and I like gold.

But as late, gold has not behaved as one would expect gold to. Of course, that gold has been so tied to the paper markets via GLD, has probably helped this.

Bitcoin has yet to weighed down so.

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Is Bitcoin Responsible For Capital Controls In The US?

[heading]Is Bitcoin Responsible For Capital Controls In The US? [/heading]

With each JP Morgan business account holder who receives the letter informing them of new JP Morgan business account policies, a case for Bitcoin is made.

However ironically, could it be that this is the polar opposite of the bank’s intentions?

JP Morgan Chase’s Business Banking Division sent a letter to account holders stating, from November 17, 2013 on, the bank would no longer offer international wire transfers. Any scheduled transfers or recurring transfers would be canceled.

Further, cash activity – that is, folding, green cash and money orders – would be limited to $50,000 per statement cycle. Read More

How Bitcoin Can Help Free Radiohead’s Thom Yorke Of Spotify

[heading]How Bitcoin Can Help Free Radiohead’s Thom Yorke Of Spotify[/heading]

Thom Yorke has no problem telling Spotify to “fuck off”

Thom Yorke, Radiohead and Atoms For Peace frontman, has been vocal and active against Spotify, most recently in an interview with Mexican website Sopitas.

Yorke is succinct, calling the music service “the last desperate fart of a dying corpse.”  In July, Yorke complained, “new artists get paid fuck all with this model”. Read More

Erratic Banks Make Using Bitcoin Unpredictable

[heading]Erratic Banks Make Using Bitcoin Unpredictable[/heading]

 

Regulators, authorities and bank management have shown their hand when it comes to Bitcoin: they are nervous about what the future might hold. Read More

Tuesday Nudges American Silver Eagles Towards Record

[heading]Tuesday Nudges American Silver Eagles Towards Record [/heading]

It makes sense that American Silver Eagles are seeing a spike in demand. This week alone, the US government has almost defaulted. This week alone, one-in-seven Americans were told they might starve this winter. This week alone, JP Morgan has signaled they will institute their own capital controls.

Tuesday saw the negative credit watch decision by Fitch lead to a single day jump in the sales of American Silver Eagles of 749,500, thusly approaching 38 million on the way towards a new annual record. Read More

The Save II Act: The End of Gold And Silver Eagles?

The Save II Act (HR 3146), introduced in the House of Representatives on September 19, 2013, carries a provision that would prohibit “non-cost effective” minting and printing of coins and currency. Read More

It’s A Woman’s World: New Fed Chairman Yellen Introduced

[heading]It’s A Woman’s World: New Fed Chairman Yellen Introduced[/heading]

Although the Federal Reserve chair is considered by many to be a figurehead, like President’s and Prime Ministers, women around the world can rejoice …finally.

As of today, it is officially a woman’s world. Read More

Bitcoin Enjoys Biggest Gains On Google Trends Since April

[heading]Bitcoin Enjoys Biggest Gains On Google Trends Since April[/heading]

Since the Federal Bureau of Investigation busted the Silk Road, attention on Bitcoin has risen sharply for the first time since the April-May price rise. From Saturday Night Live to Yahoo, Bitcoin has been mentioned throughout the mainstream media. Read More

American Gold Eagle Bullion Sales Decline

[heading]American Gold Eagle Bullion Sales Decline[/heading]

September is the second month in a row in which American Gold Eagle coins sold much fewer compared to one year ago. At the beginning of August, one month sales of the Gold Eagle reached a six year nadir.

Despite weakness in gold coin sales, the American Silver Eagle bullion coin has continued to sell and remains on pace for record annual sales. Read More