Gold Silver Reports – Bitcoin and Gold: A Growth Comparison – An inherent tension exists between the two major purposes of money. Currencies that are perceived as great stores of value, such as gold and bitcoin, make for poor mediums of exchange. By contrast, currencies that are effective mediums of exchange, such as fiat currencies used the world over, can make for dubious stores of value. Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment.
Day: December 7, 2017
Bitcoin Breaches $13,000 as Futures Move Closer to Reality
Gold Silver Reports – Bitcoin topped $13,000 for the first time, pushing this week’s gains to more than 30 percent amid speculation that the use of futures will help make digital currencies a legitimate asset class for mainstream investors.
Copper Flashes Red as Stockpiles and Spreads Point Bearish
Gold Silver Reports – Copper Flashes Red as Stockpiles and Spreads Point Bearish – Copper is coming off the biggest one-day slump in two years and the mood in the market is souring. Even though prices are still up dramatically this year, here are four reasons traders are cautious for the future.
Chinese Newspaper Near North Korea Offers Advice on Surviving Nuclear Attack
Gold Silver Reports – Chinese Newspaper Near North Korea Offers Advice on Surviving Nuclear Attack – An official Chinese newspaper near North Korea has published a page of articles on coping with nuclear attacks, in a sign of growing anxiety over Kim Jong Un’s weapons program.