[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.
[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
[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?
[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.”
[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.”
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// ]]>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.
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…
[heading]”Ben Bernanke? Oh yeah, that bearded Jewish Guy. What’s He Do?” or The Stage That Is Economic Policy[/heading]
By: Justin
Ben Bernanke spoke today. If you don’t know who Ben Bernanke is, he is the Fed Chairman. What’s that? That’s what Alan Greenspan was before him. Yeah, we’ll get a new one soon.
When Benny & his jets (colloquial reference to his money-printing habits) speaks, the market listens.
What does it mean when the market listens?
It means that everyone gathers around television cameras and pundit typewriters and yells or types really loud and eventually certain screams and typing become louder (EVEN ALL CAPS). And then the robots take over.
No, this isn’t some story about how Bitcoin was used to launder marijuana.
This is a story about something different. A story of US-based small business owners yearning to make something of themselves, yearning to do what their immigrant forbearers did and dream big and then realize those dreams.
For small business owners in Colorado and Washington, as bitcoiners look on with jealousy, these dreams might be an inch closer to coming true.