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Posts tagged as “Silver”

Young People Would Rather Bank With Google Or Amazon Than Big Banks

[heading]Young People Would Rather Bank With Google Or Amazon Than Big Banks[/heading]

Originally appeared at Ounce.Me – the home of the Pizza/BTC ratio

While people would traditionally go in and meet face-to-face with a bank teller, as we’ve all done, there’s a new gig in town: self-checkout.

Today, lines are forming for self-checkout banking. Only this process is much easier than the self-checkout of the grocery store because it’s online. And it’s not just bitcoin that is attempting to get the job done.

Young people are gravitating towards a world in which the bank-tellers chair behind the glass is vacant, meaning no need for actual bank branches. As Buzzfeed’s Matt Zeitlin states, “more Minority Report than It’s A Wonderful Life.”

Are Adult Entertainers Being Driven To Gold, Silver, Bitcoin?

The US government doesn’t want people in so-called “high-risk” industries to have access to the banking system.

This includes everyone from gun shop owners, to bitcoiners to marijuana dispensaries and even porn stars!

But what the Department of Justice is overlooking is the simple fact that people will turn to gold, silver and bitcoin instead of the banking system. Bitcoin does not discriminate.

The American Silver Eagle Is Doing Something Most Are Unaware Of

US Mint sales of bullion coins increased across most selections. Overall sales of gold coins rose 3,000 while silver coins increased 399,000, underscoring how silver’s reasonable price spurs silver buying among wider swathes of the population than gold.

Sales of American Silver Eagle coins topped 17.3 million in year-to-date sales. The coin has been around since 1986 and has never sold as much as during the January through April 22 period. Tuesday marks the first time that the Silver Eagle sales surpassed those from last year which were at 17,291,000 on April 22, 2013.

Buying Silver In 2012, A Look Back

If silver’s performance in 2012 could be summarized in one period, then 12/18-12/20 is it. After months of coordinated attacks on silver, sometimes brutal beatings throughout entire trading days, the poor man’s gold nose-dived 7.5% in the 3 days preceding 12/20/12, its biggest drop in more than a year. It wasn’t the only poor day silver had on the year. Late in the year, silver joined numerous assets from copper to the FX in a liquidation in the paper markets. As has been the case for over a decade, nothing has fundamentally changed in asset markets, given currency devaluation and increased central bank gold purchases. Silver stacks up against all other global financial assets, through 2012, finishing in the top ten for the year.