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Currency

Currency Update

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Posted by Gary Savage - Smartmoneytracker.com.com

on Wednesday, 14 February 2018 06:03

This video examines the current daily cycles in the dollar and euro and suggests caution is warranted for the gold market.

https://blog.smartmoneytrackerpremium.com/

Screen Shot 2018-02-14 at 7.05.25 AM



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Currency

RIPPLE’S TULIP BUBBLE: May It Rest In Peace….

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Posted by Steve St. Angelo - SRSRocco Report

on Tuesday, 06 February 2018 06:21

Unfortunately for crypto investors “HODLING” onto Ripple, their huge gains have been wiped out in just the past few weeks.  While Ripple’s price surged to massive percentage gains in a short period, it came down just as fast.  Unbelievably, Ripple’s price surged from less than a penny in March 2017 to a peak of $2.81 on Jan 1st, 2018.

Ripple’s stunning price increase would have made investors during Holland’s 17th Century Tulip Bubble, quite envious.  Ripple’s price increased a staggering 46,700% in a mere nine months:

RIPPLE-The-Tulip-Bubble-768x537



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Currency

Jack Crooks: Getting The US Dollar Right is Key

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Posted by Jack Crooks with Michael Campbell

on Monday, 05 February 2018 06:19

Jack Crooks tells us that if you must get anything right, get the US dollar right. Near term prepare for a weak CDN Dollar to 74 cents. 

....also from Mike: Great Advice from Guests James Thorne & Paul Beattie

 

Unknown

 



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Currency

Bob Hoye: Pivotal Events

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Posted by Bob Hoye - Institutional Advisors

on Friday, 02 February 2018 19:00

 Screen Shot 2018-02-02 at 6.59.25 PM

Signs of The Times

“New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards”

                                                                                                         – Zero Hedge, January 12.

“Why Is Liberal California The Poverty Capital Of America?”

                                                                                                        – LA Times, January 14.

“Some South Africans Are Going Bankrupt Buying Cryptocurrencies”

                                                                                                        – OkayAfrica.com, January 17.

“Year after year, the stock market has roared ahead, driven by the Federal Reserve’s excessively easy monetary policy.”

                                                                                                       – Martin Feldstein, WSJ, January 16.

“China’s home sales surged to a record high last month, despite a prolonged government campaign to curb property speculation.”

                                                                                                       – Bloomberg, January 18.

“China Orders State-Run Companies to Make Profits”

                                                                                                      – Bloomberg, January 23. 

“A small and transitory overshoot of 2% inflation would not be a problem.” 

                                                                                                     – William Dudley, Pres. NY Fed, Bloomberg, January 19.

“Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts”

                                                                                                    – Bloomberg, January 23. 

Perspective



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Currency

Gold-Backed Cryptocurrencies: Icing On An Already Tasty Cake

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Posted by John Rubino - Dollarcollapse.com

on Friday, 02 February 2018 06:20

sdThe blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in this largely unregulated pipeline will require buyers to learn how to tell the legitimate offerings from the scams. 

Two probably-legitimate examples:

UK’s Royal Mint Launches Gold-Backed Cryptocurrency

(Cointelegraph) – The UK’s Royal Mint, the institution responsible for producing all the physical money the country has for circulation, has announced the launch of its own gold-backed cryptocurrency.

The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault.

The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMG’s Commercial Lead, stated in an interview with Express.co.uk. Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that “it’s real gold you’re holding when you’re holding our RMG.”

A recent report published by the World Gold Council (WGC) compared Bitcoin and gold, declaring that though Bitcoin saw a higher growth in value in 2017, gold would remain an important store-of-value investment.

Coghill claimed that Bitcoin investments are more uncertain than investments in gold:

“Gold has probably had an argument that it’s been a store of value for 6,000 years, bitcoin’s a bit younger and the future of bitcoin is uncertain.”

——————–

Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals



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