Category Archive : GSB daily blog

If 10% Of Humanity Become Bitcoiners, Central Banking Goes Extinct

[heading]If 10% Of Humanity Become Bitcoiners, Central Banking Goes Extinct[/heading]

Scientists have found in recent years that when a mere 10 percent of the population holds dear a certain belief, this belief will be adopted by the lion’s share. In 2011, for instance, scientists at Rensselaer used computational and analytical methods to discover the tipping point where a minority belief becomes the majority opinion.

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Gold Drops $10 In 10 Seconds As Britain Announces Gold Manipulation Investigation

[heading]Gold Drops $10 In 10 Seconds As Britain Announces Gold Manipulation Investigation[/heading]

What happens when you open up an investigation into the gold market? The price drops $10 in 10 seconds.

With investigations by the CFTC into the silver market fading in the US, regulators in Britain have decided to review whether global benchmarks tied to gold trading were manipulated. This investigations is a part of a larger investigation of potential manipulation of the $5 trillion a day currency market, Libor. Read More

Ayn Rand’s Galt’s Gulch Vision Now A Reality…And It Accepts Private Money Bitcoin

[heading]Ayn Rand’s Galt’s Gulch Vision Now A Reality…And It Accepts Private Money Bitcoin[/heading]

Jeff Berwick, CEO of TDV Media and The Dollar Vigilante, made quite a stir when he announced earlier this year his plan to open a Bitcoin ATM in Cyprus while the bankers were closed there.

Now, he’s created a place where you can go and use your bitcoins: Berwick’s created something like John Galt’s vision (from Ayn Rand’s “Atlas Shrugged), Galt’s Gulch. He’s called it Galt’s Gulch Chile. Read More

American Silver Eagle Sales Hits All Time Record

[heading]American Silver Eagle Sales Hits All Time Record[/heading]

On Tuesday silver prices were dragged down to $20.60, leading many precious metals investors to wonder where their complex would head next. The only metal which showed any strength was platinum. The soft prices in 2013 for silver did not stifle demand, as sales of the American Silver Eagle one-ounce bullion coin hit an annual record Tuesday.

The total sales to date as of Tuesday, November 12, 2013, were 40.175 million ounces, according to the Mint.

The previous annual record was set in 2011 at 39.869 million ounces. Read More

Bank Of America Tells Clients It Might Find A “Climate Far More Conducive To Embracing” Bitcoin

[heading]Bank Of America Tells Clients It Might Find A “Climate Far More Conducive To Embracing” Bitcoin[/heading]

Are you a small business discouraged at the prospect of finding an account with a bank that will accept your Bitcoin vision? Have you been rejected by Citibank, US Bank, Bank of America and/or others?

Deep breath.

There is reprieve in the offing.

Bank of America has told its small business clients that they might be surprised to find a future environment embracing crypto-currencies like Bitcoin. Read More

The State Of Major Modern Nation-State Economies & The Real Bitcoin Economy

If it weren’t for monumental quantitative easing programs, the world’s economic leaders would not be hiring the bit faster nor creating a few more jobs as they currently are.

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Speculator Activity Shows Funds Selling Gold And Silver

[heading]Speculator Activity Shows Funds Selling Gold And Silver[/heading]

Speculator activity in the recent Commodity Futures Trading Commission showed that funds were selling gold and silver, while adding to their platinum group metals accounts in future and option on the Comex division of the New York Mercantile Exchange and the Nymex. Read More

Why Twitter Is No “Catalyst For A New Technology Investment Mania”

When I saw the headline that Twitter was sparking a new “catalyst for a new technology investment mania”, I spit my tea all over Apple laptop. Thanks Financial Times.

As Financial Times writes, because of Twitter, “a new era has officially begun.”

I think they’ve missed the point. Read More

What Will Come Of The Senate Hearing On Bitcoin?

[heading]What Will Come Of The Senate Hearing On Bitcoin? [/heading]

The meeting in Senate on November 18 will surely be historical, at the very least from Bitcoin’s perspective. Never before has the legislator gathered ’round in such a formal manner to discuss the darling of cyberpunks everywhere, the decentralized crypto-currency Bitcoin.

As they do so, Bitcoin is on the rise to $400, and perhaps even $1,500 by the beginning of the year.  At the time of this writing, Bitcoin is at $350, according to BitStamp. (at the time of editing, $355.)  Read More

“Buy Silver” Maintains Momentum Despite Silver Prices

[heading]”Buy Silver” Maintains Momentum Despite Silver Prices[/heading]

According to Google Trends, although silver sentiment has reached levels approaching those not seen since before the metal began its current bull market in, arguably, 2005, for the search term “silver,” Google users are still engaging the search term “buy silver” on a long-term growth trend, with Google even forecasting that the trend will continue its recent uptick. Read More

Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space

[heading]Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space[/heading]

In what is huge news for the world’s most well-known cryptocurrency, Shopify has announced this evening Bitcoin integration, and that people with stores at shopify can now accept Bitcoin. The feature is currently manual, but nonetheless this huge news, as the website Shopify is one of the largest in the world.  With nearly 55,000 links linking into Shopify’s website, it easily makes it one of the biggest Bitcoin affiliated websites on the net. From their recent blog post: Read More

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