BlogHide Resteemsargonath (49)in money • 7 years agoAs some analysts project Bitcoin to be the 'new gold', the question to ask is does it replace paper or physical gold?Are cryptocurrencies such as Bitcoin a replacement for sovereign currencies like the dollar, or are they more comparable to bonds, securities, or commodities such as gold? That is the question that…argonath (49)in money • 7 years agoWashington never lets a crisis go to waste as hurricane disasters offer opportunity to eliminate debt ceilingIt was President Barack Obama's former Chief of Staff Rahm Emanuel who once said, "never let a crisis go to waste." And whether one is a student of the Hegelian Dialectic which advocates creating…argonath (49)in money • 7 years agoGold-backed cryptocurrency have the potential to assume most of world's gold trading because of the blockchainAt the heart of all monetary matters is the emotional belief known as confidence. And without it, both currencies and markets crash or collapse in very short order. This is one of the reasons why…argonath (49)in money • 7 years agoICO's industry crashing as fast as they arise as even boxing Champion Floyd Mayweather can't get love for his cryptocurrencyYou know that an industry has reached bubble status when celebrities like Paris Hilton promote them, and world boxing champion Floyd Mayweather can't get love for a cryptocurrency he has created.…argonath (49)in money • 7 years agoRussia aids in China's new gold backed oil contract by signing agreement to deliver record amount of oilFollowing China's announcement prior to last week's annual BRICS conference of their plans to implement a new oil contract that will be denominated in Yuan and convertible to gold, Russia is ramping…argonath (49)in money • 7 years agoThe Daily Economist update for Sept. 9 2017 - Venezuela ready to dump dollar and BRICS plan a cryptoargonath (49)in money • 7 years agoDubai Gold Exchange to have Sharia compliant gold contract ready in early 2018As more and more countries expand their markets to include the trading of gold futures which are deliverable on demand in the precious metal, one of the potentially largest markets on the earth is…argonath (49)in money • 7 years agoBitcoin ransoms are back as Equifax hackers demand millions in Bitcoin for consumer dataNo matter how much truth is provided to the public on how Bitcoin is simply a de-centralized medium of exchange no different than the dollar or Euro, as long as the hacker community continues to…argonath (49)in money • 7 years agoMore countries ready to dump the dollar as Venezuela threatens to use Yuan and Ruble following U.S. sanctionsDuring the first decade of the 21st century, any country who dared to go against the Petrodollar standard was summarily sanctioned, or in the cases of Iraq and Libya, invaded and decapitated by U.S.…argonath (49)in money • 7 years ago$70 billion class action lawsuit comes swiftly against Equifax as news surfaces of Executives dumping stock before making the hack publicIt will be years if not decades before all the consequences of the recent hack on American consumer's data will be completely sorted out, but this is not stopping a $70 billion class action lawsuit…argonath (49)in money • 7 years agoVolatility continues as Bitcoin drops 8% in a minute following China's announcement to close local Bitcoin exchangesIt appears that even Bitcoin and other cryptocurrencies are not immune to government policies or interventions as the price for Bitcoin plunged over 8% in a minute's time following the announcement…argonath (49)in money • 7 years agoBRICS coalition serious about ending Petrodollar as plans for a new cryptocurrency will also tie in with China's gold backed oil contractNearly all the elements are finally in place to put to rest America's dominance over the world's unipolar reserve currency, and to end the Petrodollar agreement that has ruled global finance for the…argonath (49)in money • 7 years agoIf the historic trend of gold price to Fed balance sheet were in play today, the price would be close to $20,000 per ounceThere are many different types of technical ratios that gold has been tied to over the years. There is the gold to Dow ratio, the gold to silver ratio, and even the gold to oil ratio. But with the…argonath (49)in money • 7 years agoDiamonds are forever and now they are to back a new cryptocurrencyOn Sept. 6 a company called Sparkle Coin, Inc introduced a new resource backed cryptocurrency to the market. However what is different about SparkleCoin is that it is not being backed by…argonath (49)in money • 7 years agoTake your Bitcoin profits and live like a boss as Dubai condo complex now accepts cryptocurrency for purchaseOver the past couple of years there have been a number of fringe property deals in which the owner of a residence was willing to accept Bitcoin in lieu of cash. A casino owner-turned-commercial…argonath (49)in money • 7 years agoGold continues annual trend of investors buying big once September startsGoing back more than 20 years, the month of September is almost always a boom time for gold and it appears that 2017 is no exception. And through just the first few days of this month, gold demand…argonath (49)in money • 7 years agoChina's new plans to back oil with gold emerged out of BRICS conference under Putin's blueprint to end dollar hegemonyLast weekend, officials from China's Shanghai International Energy Exchange dropped a bombshell that the Asian power would soon be introducing a new oil contract that would be denominated in the…argonath (49)in money • 7 years agoBitcoin legitimacy or the UK desperately trying to keep the housing bubble goingOn Sept. 6 a UK home developer announced that they were going to accept Bitcoin as a down payment for the purchase of a home. And while this action does not exactly turn Bitcoin into a complete…argonath (49)in money • 7 years agoWarren Buffett's rating agency ready to downgrade the U.S. permanently if government shutdown emergesThe United States financial system may be taking another hit soon if Congress fails to come up with a legitimate bill to raise the debt ceiling by the end of September. According to Moody's ratings…argonath (49)in hurricaneirma • 7 years agoThe Daily Economist update for Sept. 6 2017 - Hurricane Irma could bring US economy to its knees
