Gold Silver Reports — Cryptocurrency Trading Tips-Bitcoin Is So 2017 as Ripple Soars at Year End – The rout in cryptocurrencies isn’t sinking all boats. Ripple, which uses a network of nodes that includes financial institutions to validate transactions, has sustained the advance for its XRP currency as it reports interest from financial institutions and concern mounts over the costs of bitcoin mining.
Money Market
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See Bitcoin as a Lottery, Not an Investment
Gold Silver Reports – See Bitcoin as a Lottery, Not an Investment – A tea seller in Mumbai’s newest corporate hub claims to have bought 4 bitcoins, at Rs1 lakh each, in May 2017. He is already sitting on a handsome profit, given the price of Rs13.64 lakh per bitcoin—as per Coinome as on 19 December. However, he says he will wait till next year when the price would be around Rs15 lakh a bitcoin. On being asked how he knows for sure that the price will move to that level, he responded with an assured, “Aap dekhna (you’ll see).”
Gold May Not Be Bitcoin, But Miners Can Still Make You Money
Gold Silver Reports – Gold and silver prices haven’t had the best year when compared to industrial metals, and the outlook for next year looks muted at best.
Gold no Longer a Hedge, Excitement is Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
Gold Silver Reports – Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
Aadhaar Mandatory Linking: Supreme Court Extends Deadline to 31 March
Gold Silver Reports – Aadhaar Mandatory Linking: Supreme Court Extends Deadline to 31 March – The Supreme Court on Friday extended deadlines for linking of Aadhaar with mobile services and opening of new bank accounts till 31 March 2018.
Indian Inflation Spike Hits Bonds, Spurs Rate Policy and Fiscal Worries
Gold Silver Reports – Indian Inflation Spike Hits Bonds, Spurs Rate Policy and Fiscal Worries – India’s benchmark 10-year bond hit its lowest in more than 16 months on Wednesday, as investors saw surging inflation as a potential threat to a still-struggling economy and a daunting challenge to policymakers.