| GoldSilverBitcoin

Everyone’s Buying Dollars

By Justin O'Connell on September 30, 2014

Gold and silver’s lower prices are not a sign the bull market is over. Instead, it is a sign that the US dollar is experiencing relative strength because other things are falling. For instance, the New Zealand central bank just finished off its biggest sale of the Kiwi in 7-years, but that is nothing compared to some other events, like protests for Democracy in Hong Kong, which is causing a selloff in the Hong Kong dollar and renminbi for US dollars. With more bullish news for the US dollar hitting the wires, it is uncertain when gold and silver will stop their slide.

Myriad speculators agree: silver is oversold. Traders and analysts point to a completely out of whack gold-and-silver ratio to explain this fact.

Overnight September 28 the gold-silver ratio was approximately 69.72. That means, for every ounce of gold, you could purchase 69.72 ounces of silver. At the end of August the ratio was 66. The ratio is above its 10-year average of 57.

This is a change from the usual.

Historically, the ratio has been much closer.

Will Mexico Have A Silver Standard?

By Justin O'Connell on August 6, 2014

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:

“Buy Silver” Maintains Momentum Despite Silver Prices

By Justin O'Connell on November 9, 2013

[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.

American Gold Eagle Bullion Sales Decline

By Justin O'Connell on October 2, 2013

[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.

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

By Justin O'Connell on September 28, 2013

[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

The Illusion Of Tangible Assets

By Justin O'Connell on September 27, 2013

[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?

Why I Donated Bitcoin To The Acapulco Recovery Fund

By Justin O'Connell on September 24, 2013

[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.”

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

By Justin O'Connell on September 22, 2013

[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.”

// < ![CDATA[ google_ad_client = "ca-pub-2352584218684642"; /* Bitcoinomics1 */ google_ad_slot = "4445144664"; google_ad_width = 336; google_ad_height = 280; // ]]>
// < ![CDATA[ // ]]>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.

Posts tagged as “Silver Demand”