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Posts tagged as “buy gold with bitcoin”

Russia Buys Gold

While it is true the Russian central bank has been buying increasing amounts of gold, it is not totally clear what sorts of motivations are behind the buying. Though when one looks at Vladimir Putin’s recent statements, it does become clearer what these might be in order to leverage in an increasingly multi-polar world, moved away from the more dollar-based system.

Forbes thinks it is more likely “a small financial detail, a little wriggle in Russian public policy about precious metals sales.”

This Is The Woman Revolutionizing Precious Metals

Ruth Crowell is modernizing the precious-metals industry. She oversaw the update of the silver fix, which had been around since 1897. Shortly thereafter, she was on to changing the way the world sets the gold price, which had been done the same way for 95 years. The 34-year-old American, who had spent seven years at the London Bullion Market Association after coming on as a temp worker, has become the international trade group’s first female chief executive.

This Sign From The Press Could Be Bearish For Gold

The mainstream is alit with stories covering gold and silver now that each has fallen through any semblance of resistance.  CNBC is leading the charge, having published six stories in the 24 hours preceding 4:30pm PST on Tuesday. The six stories are as follows:

What caused the ‘Vomiting Camel’ pattern in gold?

Gold edges up from 4-year low as dollar rally pauses

Here’s the tragic irony of the gold bubble: Pro

Bitcoin, Gold & Silver Liquidated For Alibaba?

Alibaba Group had a huge debut with its shares beginning to trade at $92.70, up over 36% from its IPO price of $68.  That increase on the New York Stock Exchange raised the company’s total market value from $168 billion to over $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in US history, dwarfing Facebook Inc’s IPO.

The price of bitcoin has fallen from its $513 price of one month ago to as low as $381.17 on Friday. This week alone the crypto-asset fell from $513 to $381.