Tag Archives: Precious Metals

Past, Present and Future of Customer Payments (Infographic)

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“While today there may be a lot of buzz about Bitcoin and most businesses are well versed in accepting electronic and mobile payments, customers over the course of history have used a lot of different methods to pay for goods and services. The infographic below, compiled by Chargeback.com, an anti-credit card fraud company, details the past, present and future of customer payments.”

http://www.entrepreneur.com/article/227951

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Some Central Banks Bought Gold; Others Sold

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“The central banks that are buying are not in the West. They are in the East. The list of buyers indicate what is happening. In July 15 central banks were buyers. Turkey and Russia bought. So did Kazakhstan. Turkey is now #11 in world gold reserves: up to 464 tonnes. A year ago, Turkey adopted a new policy. It lets commercial banks store some of their reserves in gold. The numbers are small. The pattern counts. When central banks sell gold, other central banks buy it, plus a little more. This indicates a shift of opinion. Central bankers want more of what Keynes called a barbarous relic in their vaults — or at least in their pile of gold bars in the vault of the New York Federal Reserve Bank.”

http://teapartyeconomist.com/2013/08/28/central-banks-bought-gold-others-sold/

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Does Gold’s Price Matter to the Central Banks? No.

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“Economic erosion, yes. Monetary depreciation, yes. Recession? Yes. Collapse? Because of the price of gold as a trigger? I don’t see why. Not so far.  Gold’s price tells gold bugs the system is rigged. But we believe that without a rising price of gold. For most gold bugs, a falling price of gold testifies to the rigging. They blame the decline on manipulation. The system is rigged irrespective of the price of gold. The price of gold is not proof of the rigging. The existence of central banks is all the evidence anyone should need. Sadly, it isn’t.”

http://teapartyeconomist.com/2013/08/27/golds-price-matter-central-banks/

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Gold and Bitcoin: Currencies of the Future

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“Bitcoin and gold each have advantages and disadvantages. The piece of gold you hold in your hand has 5,000 years of history. Bitcoin has maybe four years of history. On the other hand, because you can hold gold in your hand and store it in vaults, it can be confiscated by governments. Bitcoin, because it is a crypto-currency based on mathematical formulas stored in computers all around the world, cannot be confiscated. Bitcoin has value to people who understand that confiscation is a real risk. In the last century, Lenin, Mussolini, Hitler and Roosevelt all confiscated gold to increase the power of the state.”

http://www.theaureport.com/pub/na/15275

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3 Fallout Predictions from the Syrian Civil War

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“The grisly Syrian civil war is dominating headlines across the globe today. Stateside, stocks slipped after Secretary of State John Kerry effectively toughened the administration’s stance on the conflict. Warships are on the move. The market will certainly open much lower this morning as traders go on the defensive. But there’s more at stake here than U.S. stocks having an off day. The situation in Syria is rippling across global markets. With this in mind, I’m going to detail three main side effects of the developing Syria crisis to give you the chance to strategically position your portfolio.”

http://dailyreckoning.com/3-fallout-predictions-from-the-syrian-civil-war/

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Fargo man charged with coin theft from UPS hub

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“A Fargo man has been charged in the theft from the UPS shipping center here of more than $65,000 worth of gold and silver coins being shipped by Treasure Island Coins to a customer.  The first theft, which was of 20 American Eagle gold coins worth $33,797, was on April 15. The second, of 100 American Eagle silver coins worth $2,570, was on June 6. The third was six days after that. Twenty Canadian Maple Leaf gold coins worth $28,840 were stolen. Keller told police that Pulicicchio was best friends with someone who worked at UPS.”

http://www.inforum.com/event/article/id/409638/

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Diamonds, Advertising, DeBeers and Sex

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“Starting in 1935 in Indiana, U.S. states started altering their laws to abolish the action for breach of promise. Women responded, by Brinig’s account, by requiring a down payment from their fiancees in the form of an expensive ring—which forfeited if the fiancee terminated the engagement. Think of it as a performance bond. Brinig looked at data on diamond imports and concluded that the demand for diamonds started to rise about 1935, four years before the Ayer marketing campaign that is usually given credit for creating the demand for engagement rings. The evidence also suggested that the custom began declining once premarital sex became widely accepted.”

http://daviddfriedman.blogspot.com/2013/08/diamonds-advertising-debeers-and-sex.html

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Gold’s rebound: Why it’s believable this time

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“Kelly Teoh, market strategist at IG Markets who believes the upside in gold has legs, said investors are moving into the precious metal because Asian currencies are under tremendous pressure. ‘If you look at all the various asset classes, the U.S. equities are at all-time highs, Asian ex-Japan equities are lagging, commodities is the only asset class that’s underperformed so I see value in that,’ she added. Barclays’ chief technical strategist Dhiren Sarin says gold has either already formed, or is in the process, of establishing a ‘very strong base.'”

http://finance.yahoo.com/news/golds-rebound-why-believable-time-030237952.html

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Swap your gold shares for coins, ETF firm offers

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“Exchange traded funds have mushroomed in recent years as a highly popular way for private investors to own gold. Real holdings of gold, stored in bank vaults, are represented by shares which trade daily on the London Stock Exchange. This makes it possible for investors to buy and sell cheaply – and in relatively small quantities. Investors can choose to receive Britannias or Sovereigns, at a cost of 4.5pc per transaction. Britannias are made from one troy ounce and minted from 22 carat gold, while Sovereigns weigh just under a quarter a troy ounce. There is no tax to pay on the switch, ETFS says.”

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10260148/Swap-your-gold-shares-for-coins-ETF-firm-offers.html

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Gold Is Rebounding, Time to Look at Franco Nevada

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“Franco-Nevada isn’t your average gold miner. They don’t have regular mine costs like the big gold producers we follow. Instead, Franco-Nevada is a ‘streaming’ company. Meaning after they put money into getting a project off the ground they take a cut of future production. With many of those streaming deals set up over the years, Franco-Nevada can just sit back and collect checks as other companies produce metal. In other words, if you think gold is set for a rebound, this pony will provide a huge upside compared to your average cost-laden miner. Since we covered Franco Nevada in April, there are a few points to be made.”

http://dailyresourcehunter.com/gold-is-rebounding-time-to-look-at-franco-nevada/

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