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In January 2017 Bitcoin Was Selling For $1,000, And Now It Is Selling For $13,000

I have never seen anything quite like this in my entire life.  As 2017 began, Bitcoin was selling for about $ 1,000, and many were optimistic about what the new year would bring.  But nobody could have imagined this.  When Bitcoin hit $ 5,000 in October, it made headlines all over the world, but it has continued to rise at an exponential rate since then.  My friend Joseph told me that Bitcoin would hit $ 10,000 “by December”, and it actually happened.  This week, the euphoria has hit an entirely new level, and as I write this article the price […]

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Governments Attack Bitcoin; Stefan Gleason: Managing Risks, Selling Metals, and Demystifying IRAs

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll here part two of an interview Money Metals president Stefan Gleason did with Alan James on the Sustainable Money Podcast. Stefan gives some more advice on what to look for when choosing a precious metals dealer, when and how to sell when the times comes, and also talks about some of the ins and outs of gold and silver IRAs. Don’t miss the conclusion of this informative interview, coming up after this week’s market update. Precious metals markets got hit this week by a more hawkish than […]

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Selling from Gold ETFs Keeping a Lid on Prices; Insider’s Take on the Political Situation

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear our recent interview with Paul-Martin Foss of The Carl Menger Center for the Study of Money and Banking and former legislative assistant for Congressman Ron Paul. Paul-Martin shares his firsthand account of what those on Capitol Hill truly think of our monetary system, and how most in Congress simply don’t have a clue about the Federal Reserve banking cartel, let alone the importance of sound money. You simply won’t want to miss my interview with Paul-Martin Foss, coming up after this week’s market update. Gold and […]

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Central Banks Now Own Stocks And Bonds Worth Trillions – And They Could Crash The Markets By Selling Them

Have you ever wondered why stocks just seem to keep going up no matter what happens?  For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense.  In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities and they haven’t stopped since.  In fact, as you will see below, global central banks are on pace to buy 3.6 trillion dollars worth of […]

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How The West Has Been Selling Gold Into A Black Hole

BullionStar Kindly be advised to have read my posts The Mechanics Of The Chinese Domestic Gold Market and The Great Physical Gold Supply & Demand Illusion before continuing. In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the Chinese prefer to buy gold when the price declines (see exhibit 1). In total Chinese […]

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