Monthly Archives: September 2014

Gold: No Longer a Safe-Haven Asset?

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“Russia, Mexico, Kazakhstan, Kyrgyzstan, Tajikistan, Serbia, Greece, and Ecuador all reported higher gold reserves for June. Contrary to mainstream expectations, almost no central bank liquidated their gold holdings—just the opposite, in fact.  Take a look at the recent buying habits of central banks:  In the first quarter of this year, central banks bought 122.4 tonnes (3.9 million ounces), a pace that that puts them on track to surpass the record 2013 purchases of 409 tonnes (13.1 million ounces). In dollar terms, central banks invested $22.2 billion in gold from January 2013 through March 2014. And this excludes all Chinese data.”

http://www.hardassetsalliance.com/investing-news/newsletter/gold-no-longer-a-safe-haven-asset

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Swiss Parliament Rejects Gold Standard Initiative Pending Popular Vote

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“Swiss parliamentarians urged rejection of a popular initiative that would curtail the Swiss National Bank (SNBN)’s independence by requiring it to hold a fixed portion of its assets in gold.  Members of the Swiss parliament’s lower house voted 129 to 20 with 25 abstentions today against the plan, which demands that at least 20 percent of the central bank’s assets be in gold. It would also disallow the sale of any such holdings and require all SNB gold be held in Switzerland.  No date for a national vote has yet been set. Parliament and the multi-party government issue recommendations on all national referendums as a matter of procedure.”

http://www.bloomberg.com/news/2014-05-05/swiss-parliament-recommends-rejection-of-initiative-on-snb-gold.html

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Bitcoin Suisse AG Gets Licensed, Will Turn on ATMs in Zurich

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“In a statement released Monday, the CEO of Switzerland’s Bitcoin Suisse said his company had been approved by government regulators to start operating Bitcoin ATMs in the country.  ‘BTCS will turn on its existing — but until now offline — ATM network, consisting of a number of Zurich-based machines,’ Nicklas Nikolajsen said in a statement. ‘A network which will be expanded throughout eastern Switzerland and Liechtenstein, and where BTCS is now actively looking for locations and partners to realize this vision.’  He said that over the coming months his company would expand to offer new products and services, and welcomed investors to purchase equity or bonds.”

http://cointelegraph.com/news/112173/bitcoin-suisse-ag-gets-licensed-will-turn-on-atms-in-zurich

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Love It or Hate It, You’re Missing What Really Matters About Bitcoin

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“What matters are the people whom I call, affectionately, ‘the Bitcoin kids.’ This is a very loose grouping of thousands of people, mostly fairly young and widely dispersed, who are thoroughly committed to the cryptocurrency revolution and all that it entails.  What the uninitiated don’t understand is that these people are not just trading bitcoins; they are busy developing a whole new generation of products and services—things like Silent Vault, Monetas, Etherium, and many others. Lots of them are involved in 3D printing, and some, in the maker movement. Others are involved in humanitarian efforts like BitcoinNotBombs.”

http://www.caseyresearch.com/freeman/whether-you-love-or-hate-youre-missing-what-really-matters-about-bitcoin

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Uncle Sam, the Bitcoin Mogul

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“The US federal government may be ladling on more regulations to Bitcoin and making disparaging comments about the cyber-currency, but it’s one of the largest holders of the virtual money in the world.  The federal government has trashed Bitcoin by way of an investor alert from the Financial Industry Regulatory Authority entitled ‘Bitcoin: More than a Bit Risky.’ FINRA said it issued the alert to caution investors that buying and using digital currency, such as Bitcoin, carries risks. The government still holds 110,000 bitcoins, worth $55 million at today’s price.  The US government is the second largest single holder of this unregulated, potentially ‘worthless’ digital currency.”

http://www.caseyresearch.com/articles/uncle-sam-the-bitcoin-mogul

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Dark net drug markets kept alive by great customer service

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“History suggests that those who want drugs will usually find a way to get them. And here they can get a better product with fewer negative risks associated with buying drugs on the street. It even bears down on the street crime associated with drug turf wars as street pushers become redundant. These marketplaces are transforming the dirty and dangerous business of buying drugs in dark alleyways into a simple transaction between empowered consumers and responsive vendors. It’s not online anonymity, Bitcoins, or clever encryption that keeps the darknet markets thriving. The real secret is good customer service.”

http://www.wired.co.uk/news/archive/2014-08/21/buying-drugs-on-the-dark-net

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New study reveals: Marijuana may slow, halt progression of Alzheimer’s

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“Neuroscientists found that extremely low doses of a compound found in marijuana may slow or halt the progression of Alzheimer’s disease.  A study published in the Journal of Alzheimer’s Disease reported that neuroscientists using a cellular model of Alzheimer’s found low doses of [THC] reduced the production of amyloid beta, and prevented abnormal accumulation, which is one of the early signs of the memory-loss disease.  Neuroscientists also found THC enhanced mitochondrial function which is needed to supply energy, transmit signals and maintain a healthy brain.  As many as 5 million Americans suffer from Alzheimer’s disease, projected to reach 14 million by 2050.”

http://www.foxnews.com/health/2014/08/28/marijuana-compound-may-slow-halt-progression-alzheimer/

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Dr. Grinspoon’s Kind War: Interview With a Renegade Marijuana Proponent

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“I was put up for early promotion to full professor in about 1975, a few years after Marihuana Reconsidered came out. My chief, who had put me up for early full professorship, was on the promotions committee. He came back from the promotions committee meeting and asked me to come to his office to give me the bad news. They had turned me down. When I asked him why he said, ‘Well, they loved your work on schizophrenia, but Marihuana Reconsidered – they hated that.’ I asked why. He said, ‘They said it was too controversial. [..]’ I said, ‘What has controversy got to do with it? We’re in the academy. Isn’t scholarship the criterion, or one of the most important?'”

http://www.thedailybell.com/exclusive-interviews/35602/Anthony-Wile-Dr-Grinspoons-Kind-War-Interview-With-a-Renegade-Marijuana-Proponent/

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