“A meme (/ˈmiːm/ MEEM) is an idea, behavior, or style that spreads from person to person within a culture – often with the aim of conveying a particular phenomenon, theme, or meaning represented by the meme. A meme acts as a unit for carrying cultural ideas, symbols, or practices, that can be transmitted from one mind to another… Read More
– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances… Read More
– Bitcoin tops $10,000, soaring more than 850% since beginning of 2017 – Irrational exuberance arguably main driver of price performance – Google Trends shows search for ‘Bitcoin Bubble’ hit highest level this morning – Buyers need to be aware of hacking and security risks – Other primary risks to widespread adoption is volatility and liquidity risk… Read More
On Nov, 21 it was announced that a another new cryptocurrency is being ICO’d which will be backed by physical gold. However what makes Crypto Investor, Inc’s GoldCrypto.io AUX token unique is that it is being sold to back gold that is still underground awaiting excavation. Crypto Investor, Inc. announces the launch of the GoldCrypto.io… Read More
With Bitcoin trading at $13,499 on Golix, the chaotic environment in Zimbabwe has spread to the global price of the cryptocurrency driving it beyond $8000 for the first time in history as President Mugabe fails to resign in a national address following the nation's coup. It appears many Zimbabweans have found an alternate way to… Read More
The anti-sexual harassment backlash started with the Harvey Weinstein expose claimed its latest victim on Thursday when news anchor, former model and sports broadcaster Leeann Tweeden accused Minnesota’s Democratic Senator Al Franken of “kissing and groping” her without her consent in 2006. In an essay published this morning on KABC, Tweeden accused Franken of groping… Read More
By Matt Barrie & Craig Tindale. I recently watched the federal treasurer, Scott Morrison, proudly proclaim that Australia was in “surprisingly good shape”. Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any OECD country since 1970. Australian GDP growth… Read More
Bitcoin collapsed overnight, trading as low as $5555 – down 30% from its highs – before bouncing back above $6000, as Bitcoin Cash soared to as high as $2450 (4 times its price on Friday), overtaking Ethereum briefly as the second largest market cap cryptocurrency. image courtesy of CoinTelegraph Bitcoin has lost around $30 billion… Read More
Again gold was taken down on the futures market, but this time was done at the Comex opening. Apparently 4 million ounces of gold was traded in 10 minutes. This was reported by Bloomberg. This article explains how it was done. Previously Investing Matters has reported how the paper gold price is taken down on… Read More
The problem is not that we have a few people that are rich – the problem is that we have so many that are poor. As you will see below, three extremely wealthy individuals have as much money as the poorest half of the nation combined. In a free market capitalist society, there are always… Read More
We recently discussed (see here) Alberto Gallo’s (portfolio manager of Algebris Macro Credit Fund) shot at the $64,000 (more like trillion) question in his report “The Central Bank Bubble: How Will It Burst?”. As we said at the time, one of our favourite parts of the report was “The Money Tree” infographic which explains how… Read More
Investing Matters has been monitoring the extreme price movements on the Gold paper price. Most of the extreme, DOWN price movements are done when London and New York Comex overlap, as illustrated on the chart below. Here are other Gold Price Charts showing the gold price take down. I would… Read More
In a shocking development, Saudi press Al Mayadeen reported late on Saturday that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter – not to mention frequent CNBC guest – Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been… Read More
After shorting Bitcoin on Thursday at $5,950, NIA announced on Sunday that it had covered its Bitcoin short position at $5,750 for a small profit and had taken a long position in Bitcoin Cash at $450. The CME is getting ready to launch Bitcoin futures contracts, which will make it much easier to naked short Bitcoin and slam its price down like the big banks do to gold and silver with the backing of the Federal Reserve. When this happens, NIA predicts that the Cryptocurrency community will turn… Read More