gold Tag

There is a new trend by individuals in the alternative media community who are now selling out of precious metals and buying into Bitcoin and cryptocurrencies. While this may seem like a good idea, especially when Bitcoin and the cryptocurrencies reach new all-time highs, it is likely a big mistake. Now, I am not saying that individuals shouldn’t invest in cryptocurrencies. Rather, it’s a lousy idea to sell all of one’s precious metals holdings and put it all into Bitcoin and cryptocurrencies. Recently, Sean at SGTReport published a short videoRead More

Posted On December 18, 2017By Bullion TigerIn News

Second Bitcoin Futures Debut Could Lure Volume To Wild Market

NEW YORK  – Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world’s largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday. The second U.S. bitcoin futures launch is seen as another step towards big institutional investors warming up to a volatile asset that had until recently been accessible only via largely unregulated markets. Like the futures contract launched last week by rival Cboe Global Markets, CME’s will be cash settled. But it will be priced off an index ofRead More

Posted On December 18, 2017By Bullion TigerIn Articles

Problem of Fake Gold Bars

You don’t need to be a conspiracy theorist to find this worrying: a 1kg gold bar, certified as 99.98% pure by XRF (X-ray fluorescence) tests, turns out to have been drilled out and largely replaced with tungsten. This bar was discovered only because it was 2 grams lighter than it ought to have been: the forgers failed to add quite enough gold to the outside of the bar to make up for the weight lost when they replaced gold with tungsten. But if they’d gotten the weight right, it wouldRead More

Posted On December 13, 2017By Bullion TigerIn Articles

Four reasons why you shouldn’t count gold out just yet!

Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system.  With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37. That may be overdue aRead More

Posted On October 26, 2017By BlackbeardIn Articles

Iran Should Go For Gold, Not A Currency Reform Illusion

Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the proposed changes amount to a great illusion. Iran’s currency is, of course, one of the many reasons for Iran’s economic dysfunction. Indeed, since the Islamic Revolution of 1979, the rialRead More

Posted On October 26, 2017By BlackbeardIn Articles

Venezuelans turn to Bitcoin to escape currency crisis

By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities. It’s a common story in socialist countries. Unable to sustain massive levels of government spending, the state prints more and more money, trading short-term gains for massive inflation. It’s oneRead More
Petaling Jaya, 10 August 2017 – Nubex Sdn Bhd, a legal producer and distributor of gold and silver bullions in Malaysia launched a special edition coin on 7th of August 2017 in commemoration of Malaysia’s 60th year of independence. The silver dirham coin is made of 99.9% pure silver weighing 5.950 gram and minted only in 3000 exclusive pieces via their online platform www.nubex.my. The limited-edition silver coin displays a sketch combining Jalur Gemilang (Stripes of Glory) on the outer ring laced with “60 TAHUN KEMERDEKAAN” print while the middle part of theRead More
Even with all the hand-wringing about bubbles in stock and bond markets, it’s hard to ignore what’s going on in the world of cryptocurrencies and bitcoin. The value of the largest digital currency continues to soar to record highs after weathering a split last week. It has increased more than threefold this year, compared with a doubling in the value of Vertex Pharmaceuticals, the best performer in the S&P 500 Index. At the record price of $3,486.73 reached Tuesday, one bitcoin could probably fund a nice vacation. By comparison, one share ofRead More
PRESS RELEASE   SPECIAL EDITION SEA GAMES KUALA LUMPUR 2017 BIMETAL COINS PRE-ORDER   Petaling Jaya, 17th July 2017 – This year, Kuala Lumpur will be organizing the 29th SEA games after 16 years gap of previously hosting the championship back in 2001. The bi-annual sporting event between all Southeast Asian nations which is going to be held throughout August this year shall coincide with the celebration of Malaysia’s 60th year of independence in the upcoming 31st of August. Today, Nubex Sdn Bhd is proud to introduce its limited editionRead More
It’s predictable… A government in need of cash will turn to destructive “solutions.” Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal. As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more. The same pattern has played out again and again around the world and throughout history. The worse a government’s fiscal health gets, the more destructive its policies become.Read More