Category Archive : GSB daily blog

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

The NSA In Hollywood Films

The revelations brought forth by Edward Snowden shook the world. But should they have? What follows are many movie clips featuring the truth about the NSA, including Good Will Hunting, Enemy of the State and even The Simpsons movie.

What’s clear is that for more than a couple of decades, Hollywood has been ahead of mainstream media, showing us the power of the NSA before our very eyes. Read More

Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now

[heading]Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now[/heading]

I spend a lot of time thinking about in which frontier markets Bitcoin is going to explode and really change the game of value. What grand equation can I concoct in favor of Bitcoin’s success somewhere? Not that I am trying to make things up as I go, I am just trying to be hip. But, I thought about something Wendy McElroy from The Dollar Vigilante wrote recently:

 Simplify, simplify.” — Henry David Thoreau

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The Illusion Of Tangible Assets

[heading]The Illusion Of Tangible Assets[/heading]

Gold and silver investors have taken issue with Bitcoin, claiming that it is not a tangible asset, like gold and silver.

Their hypothesis is usually stooped in the notion that anything is truly “physical” as we perceive it in the first place. What if, counter-intuitively, the entire universe was composed of 0’s and 1’s itself? What if the universe was digital? Wouldn’t that mean that gold, silver, platinum and palladium are all, in fact, digital as well? Read More

Staggering Demand For Austrian Silver Philharmonic Since April 2013, Says Mint Director

[heading]Staggering Demand For Austrian Silver Philharmonic Since April 2013, Says Mint Director[/heading]

Bullion dealers gravitate to the American Silver Eagle because it is guaranteed by the US government, but there are other options the bullion investor enjoys when it comes to government issued silver, like the Austrian Philharmonic, which for practical purposes is the American Silver Eagle’s counterpart in Europe. Read More

Payment Gateways 2013: What Options Does a Business Have?

[heading]Payment Gateways 2013: What Options Does a Business Have?[/heading]

Although Bitcoin has stolen headlines in 2013 as far as online payments is concerned, it is hardly the only option. Instead, consumers are the winners in the highly competitive market of online payments. Especially since the emergence of decentralized currencies, online payment processing – once thought to be the domain of PayPal – is a colorful world.  Here is a basic primer of online payments. Read More

South Park’s Prescient Prediction: Bitcoin & The Digital Distribution Of Media

[heading]South Park’s Prescient Prediction: Bitcoin & The Digital Distribution Of Media[/heading]

In the 2008 South Park episode “Canada On Strike,” South Park character Kyle conjectures that, back then, we were still a few years away from when digital distribution of media on the Internet would be developed to a point where traditional means were no longer needed.  The clip is called “The Promise of Future Revenue.”

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Why I Donated Bitcoin To The Acapulco Recovery Fund

[heading]Why I Donated Bitcoin To The Acapulco Recovery Fund[/heading]

By: Justin

When The Dollar Vigilante Jeff Berwick setup a fund to help Acapulco recover from a recent flood-disaster in which eastern regions of the historic city were badly damaged, if not nearly destroyed, I felt implored to send a little bit of my digital cash reserves to aid in the effort. I wasn’t the only one.

I had been chewing on the notion as of late that, in a peer-to-peer economy, such as what Bitcoin represents, the users themselves represented the “social safety net.” Read More

Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin?

[heading]Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin[/heading]

BitPay recently announced their 10,000th merchant. Some reports posit the Bitcoin payment processor is growing faster than Bitcoin itself.

According to the press release, “The merchants in BitPay’s directory are diverse internationally, with approximately 50% located in North America, 25% in Europe, and 25% in the rest of the world.”


GoldSilverBitcoin recently interviewed small business owners who have yet to take the leap into the deep-end and accept Bitcoin full-time.

What we got were varied answers. There was one somewhat common theme: vendors who simply hadn’t heard of processors like BitPay or CoinBase, which allow small businesses to convert their bitcoins to cash within a few business days. Many small business owners worried about their company’s cash-flow, first and foremost. Others worried about reputation, and the reputation Bitcoin brings. Read More

American Silver Eagles Second Highest Sales Yearly

[heading]American Silver Eagles Second Highest Sales Yearly[/heading]

This past Monday, 675,000 Silver Eagles were purchased, marking one more milestone as their total this year sold has hit 34,925,000. Annual sales rankings for the bullion coins sees 2013 in second place all-time. Here are the top five annual sales years, and further information by CoinNews: Read More

RCM’s MintChip Goes Where (No Government) Has Travelled Heretofore

[heading]RCM’s MintChip Goes Where (No Government) Has Travelled Heretofore[/heading]

Fiat is getting an Information Age-style upgrade by the Royal Canadian MInt. And I can hear Alex Jones now (in my own head):

“You see what has happened is Bitcoin has caused the Powers That Be to move even quicker in their agenda to roll out a global digital fiat currency, and they’re doing it from Canada, with their songs and their queens and their ‘we’re so liberal and caring’ reputation and it will spread across the entire commonwealth, and then to Europe, then Japan and China and then the US, and then all the sudden when I go to the grocery store, I am paying in the queen’s money! Full Circle! Red Alert!! Red Alert!!! Full Circle!!”

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