Gold Silver Reports – Bitcoin surpassed $10,000 for the first time, bringing this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble.
Money Market
At Gold Silver Reports, we cover the latest money market news and analysis, including interest rates, financial updates, investment trends, and economic insights. Stay updated with expert coverage to make smarter financial and trading decisions.
Gold Futures Flirts With $1,300
Gold Silver Reports – Gold futures climbed above $1,300 an ounce for the first time in 6 weeks as the dollar wavered and investors braced for an onslaught of economic data and political news.
Gold Bugs Get Their Own Gold Card, Literally
Gold Silver Reports – Gold Bugs Get Their Own Gold Card, Literally – Consumers are spoiled for choice when it comes to choosing the right alternative commodity-linked currency to pay for their groceries.First we got the Bitcoin Visa card, the perfect gift for those who want an easy way spend a cryptocurrency that has gained 800 percent this year on goods whose price is up a relatively mild 3 percent. Swipe the card and your bubbly Bitcoin is instantly converted to boring sterling.
Bitcoin heads for $10,000 as Cryptocurrency Mania intensifies
Gold Silver Reports – Bitcoin is showing no signs of slowing down, blowing past $9,000 less than a week after topping $8,000 and now quickly closing in on five big figures.
This Gold Fund Is Joining the Bitcoin Frenzy
Gold Silver Reports – The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.
Company Earnings Estimates Continue to be cut after September Quarter Results
Gold Silver Reports – Company Earnings Estimates Continue to be cut after September Quarter Results – Corporate earnings for the September quarter were largely a mixed bag. Among key sectors, consumer-focused companies were aided by restocking post goods and services tax (GST) roll out and an early festival season, but index heavy-weight banks lagged, impacted by higher-than-expected provisioning.
Bitcoin Soars Past $8,000
Gold Silver Reports – Bitcoin rose as much as 7.7 percent to a record $8,290 as of 2:47 p.m. in New York. It’s been a tumultuous year for the virtual currency, with three separate slumps of more than 25 percent all giving way to subsequent rallies.