Month: August 2014

Stock Market Tops & Gold Manipulation Suits

Mainstream press pundits are themselves surprised at the bull market the world has seen in stocks, and many are beginning to note that, soon enough, investors themselves will grow wary about investing in the stock market.

The price of gold bullion since March has come down approximately $100 per ounce, and since 2011 the price has fallen from nearly $2,000 an ounce to its current price of approximately $1,300.  The story is similar for silver, which fell from its high of $49 in April 2011 to today’s price of $19.50. Many analysts on mainstream press have indicated that the gold bull market is through, but the evidence points towards the contrary. Read More

Provident Metals Now Accepts Bitcoin

Provident Metals, a well-known gold and silver bullion dealer,  announced that they would start accepting cryptocurrencies for payment for coins, bars and even survival supplies in 2014.  The firm began by accepting Bitcoin, Dogecoin & Litecoin.

Provident Metals began August 25 2014 accepting Bitcoin, Dogecoin and Litecoin for payment on all gold and silver bullion and other products available at ProvidentMetals.com.

“The value of cryptocurrencies and precious metals are market driven, and they both appeal to forward-thinking investors,” said Provident Metals CEO Joe Merrick of the decision. “This integration was logical because many of our customers are proponents of alternative currency, and it’s our job to respond to their needs.”

ProvidentMetals claims one main reason why they chose to accept cryptocurrencies is because of customer requests. The requests increased after Provident began sponsoring NASCAR driver Josh Wise, who is sponsored by Dogecoin.

In fact, customer requests played a large part in the decision to accept cryptocurrencies, particularly after Provident began sponsoring NASCAR driver Josh Wise, who is also sponsored by Dogecoin.

Provident Metals COO Jake Haugen, said that Dogecoin community led the company to take the dive… “… it was time for us to recognize the effect cryptocurrencies are having on the marketplace.”

“Our goal is to provide our customers with new and progressive payment options that work to their advantage.” Haugen said.

According to Provident Metals’ website:

Provident Metals is a leading dealer of gold and silver bullion as well as other investment grade precious metals, along with a growing selection of food storage and other survival goods. The bullion dealer is also a proud NASCAR co-sponsor with Dogecoin. Provident Metals customers enjoy access to a secure online ordering system, or can call (800) 313-3315 weekdays between 8 a.m. and 6 p.m. CST. Visit http://www.providentmetals.com/ for more information.

Changes In The Gold Market & The West’s Declining Power

Many nations have recently called for a new multi-polar regime for global governance. The very core of such a notion betokens one thing; namely, the disuse of the US dollar. Not only have Russia and China called for such a “New World Order” but so to have US allies like France, South Korea, Brazil and India. This has major implications for what Washington can do in the world and at home. Washington depends on demand for the US dollar, and that demand is fading. This comes at a time when programs like quantitative easing have resulted in more dollars circulated than ever before. Well, these will be repatriated over the coming decade as nations like China and Russia trade for oil in renminbi or another currency. Read More

The Banks Are More Profitable Than Ever, And There’s Even Fewer Of Them Than Before

Fewer banks and higher profits. That’s the reality in post-banking crisis USA, and really the western world.  American banks are doing better than ever, according to FDIC data.

America’s bank profited to the tune of $154 billion last year, nearly 10% more than the $141 billion in profits reported in 2012, and 6% more than the pre-crisis peak of the $145 billion in profits banks posted in 2006. Read More

Did The NSA Design Bitcoin? A Look At What’s Known

A common hypothesis submitted by members of the bitcoin community argues that the National Security Agency (NSA), or some other government alphabet agency, invented bitcoin. Many bitcoiners laugh this suggestion off as “impossible,” but, on the contrary, there is precedent for such an assertion. But, that doesn’t make it true… Read More

eBay, PayPal, Apple & Dish Approve Of Bitcoin. Is Google Next?

Bitcoin has proven itself as an established payments system, with some of the world’s most influential people commenting on its utility and innovation. Stephen Colbert called it “gold for nerds,” and Joe Rogan has been fascinated by the technology, having Andreas Antonopoulos on as a guest to the Joe Rogan Experience twice now. Some political figures have expressed concerns over the currency’s potential non-crime of “money laundering”, but overall the sentiment has focused on the technology and its goundbreaking nature. And so its really no surprise that many companies have adopted bitcoin. Bitcoin has now surpassed Western Union in total transaction volume and looks set to pass Paypal this year.

Read More

Will Mexico Have A Silver Standard?

Billionaire Hugo Salinas Price has campaigned for Mexico and Greece to return to a silver standard. He’s even laid out a five step plan to accomplish just this in this video clip. (fast forward to 13 minute point) In the above-linked Keiser Report, Salinas-Price makes these points: Read More