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.
Gold Silver Reports – Bitcoin Emerges as Crisis Currency – About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency.
Gold Silver Reports – Bitcoin bears now have another way to bet on price falls. Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles. Not that it has tumbled much lately. Bitcoin is trading at a record high and has soared more than 700% this year.
Gold Silver Reports – How Fund Managers Manage the Bull Run – In the first week of December 2017, L&T Emerging Businesses Fund would most likely stop accepting inflows in excess of Rs2 lakh a day.
Gold Silver Reports – Where are you in India’s wealth distribution? – Credit Suisse’s latest annual Global Wealth Report says India is home to 245,000 dollar millionaires. The country has a share of 0.7% of the global top 1% by wealth, who collectively own half the world’s total wealth. In India, 340,000 adults are part of this elite group. There are 1,820 adult Indians who have wealth over $50 million, and, at the very apex, 760 have more than $100 million.
Gold Silver Reports – India’s total household wealth stood at $5 trillion while the country is home to 2,45,000 millionaires, says a Credit Suisse report.