Bitcoin and its rise toward gold
John Rubino chats with us today about the steady rise in Bitcoin. Now over $1,100 per Bitcoin the cryptocurrency is again approaching the same value as gold. We are seeing individuals in countries that are economically unstable flock to Bitcoin for safety and an escape from the domestic currency.
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bitcoin just got Hammered……mexican peso, who would have thought……..
Bitcoin is no GOLD ! Bitcoin is the same as Dollar electronic !
The Swift Monetary System control Bitcoin ! Day need total control !
What is the price of bitgold……..?
DT wants to know……….
We need some commentary on bitgold and bitcoin………
Now i can see where the bitcoin will be useful along the silk road…..for all the chinese herdsmen to get tied in………….cell phone and crypto card app. Will work for the African herdsmen , since the chinese are in there also. ONE big happy crypto family, with a big swift kick in the behind to the dollar.
The first sign of swamp-draining yesterday:
People entirely focus to much on the price of Bitcoin and not the technology of the blockchain.
Not mentioned was that Bitcoin has reached a point where the easy Bitcoin has already been mined.
The average person doesn’t have a clue yet what Bitcoin is all about.
John, in case you missed it, I did finally get back to you yesterday:
On January 3, 2017 at 7:45 pm,
Matthew says:
Hi JohnK, I don’t own or follow CLZ but it does look like there’s a good chance that you did catch the low. There are some technical positives taking place in addition to the jump in volume on the 28th and 29th…
http://stockcharts.com/h-sc/ui?s=CLZ.V&p=D&yr=1&mn=0&dy=13&id=p26269556180&a=497101134
Hi Mathew :
Got it and thanks for getting back to me.
I like the set up technically the market is affording us now. I’m trying to hone my technical analysis and I much appreciate your input.
“Just put a fork in it”
Hi JohnK – I didn’t know if you had seen the Klondike Silver “2017 New Beginning” Corporate Presentation yet, but I did not realize how many prior producing mines that they have on their Slocan Silver Camp. It also looks like they are thinking of putting some of the old Silver/Lead/Zinc dumps in the old mines through their Sandon Mill later in 2017 to get things moving again with optimizing the mill.
“The Company’s assets include 68 past producing mines, a 100 ton per day flotation mill in Sandon and over 100 square kilometres of prospective exploration lands.”
[pg 7]
*Klondike Silver – 2017 A New Beginning – Corporate Presentation:
Hi Shad:
Thanks for the info.I I haven’t seen it yet .
If the PM’s can catch a sustainable tailwind ,Klondike could be a good one.
I’m still copying your lists. Thanks again for all you do.
I been reading yours and others posts concerning UR.I don’t know if you noticed that the RE’s are starting to catch a bid also. I wonder if this is do to the UR stocks starting to get accumulated?
Hi Shad:
Looking at the list of UR Co’s you posted yesterday.August 7,2016 I put together a group of UR Co’s and started tracking . One that is not on your list is LEU. Centrus Energy Corp. It is up 149.22% since August.To rich for me ,but none the less bodes pretty good for the sector.
Yes, great point JohnK. I do actually track (LEU) Centrus, but it is a horse of a different color, and not really a traditional explorer or miner, but more of a processor & enricher. The fact that it wasn’t a traditional miner was the only reason I didn’t include it on those Uranium charts.
If you scan down on this linked page on CEO, there is actually an annual chart I posted just for LEU by itself. Great minds think alike!
LEU actually has been up over 500% since January of last year. Not too shabby….
Actually REE prices are moving up again. My only exposure to specialty metals at this point is with Alkane Resources (well, I still have dead money in Arafura & Commerce Resources):
“Alkane Resources Ltd is an ASX and OTCQX (US) listed multi-commodity mining and exploration company with a focus on gold, copper, zirconium, hafnium, niobium and rare earth elements. Our projects and operations are located in the Central West of New South Wales, in eastern Australia.”
Alkane Resources Corporate Presentation:
Max Kaiser is an idiot at times, but this episode is informative:
https://www.rt.com/shows/keiser-report/372530-episode-max-keiser-1014/
Obama, Pence Harden ‘Obamacare’ Battle Lines At Capitol
By ALAN FRAM – Associated Press – 28 minutes ago
WASHINGTON (AP) — Hardening battle lines for the brawl to come, President Barack Obama urged congressional Democrats to “look out for the American people” in defending his legacy health care overhaul, while Vice President-elect Mike Pence stood firm Wednesday in telling Republicans that dismantling “Obamacare” is No. 1 on Donald Trump’s list.
“We’re going to be in the promise-keeping business,” Pence declared at two separate Capitol news conferences. Just 16 days before Trump takes over the Oval Office, he said repealing and replacing Obama’s law will be the president-elect’s “first order of business.”
Good………..
Trump has tweeted “There should be no further releases from GITMO”
After hours……….GOLD AND SILVER ON THE MOVE>>>>>
CIA……going to be cut back…….Trump says.
Bitcoin is interesting. From what I understand, it’s a share of digital currency that has a set amount. That’s great when it’s in demand, and it should be for a while I guess. But, what happens when the world currencies go to the gold standard? Will it be like the pet rock? Without having a rock?
My choice will be to spend 1100 and change on metals, and just use cash. Bitcoin can turn to vapor in a flash.
I told b, it reminds me of a chain letter, the first one in makes all the money, and the guy at the end has nothing……I’ll just stay with phyz,
but, hope all works out well for those who understand it…….
Chartster, what about bitgold isn’t it still around. DT
I don’t know, DT. not sure
Can’t go wrong with phyz silver, OOTB ( claw )
House votes …..to override all obamy executive orders with one bill……..
opps …wrong spot……….
should read ….regulations…….I got a little excited, thinking only 15 days to SHOW TIME
BITCOIN just got SMASHED……………….
BREAKING: Trump to cancel funding for Obama’s lavish Library and free mansion, Michelle OUTRAGED
https://www.youtube.com/watch?v=YcW3YJBa3q0
that is a good one………..
O will not need a library when they find out he was a fake……..like in Egypt, they will chisel his name off the records……..
4 Chicago Teens In Custody After Broadcasting Kidnap Of Trump-Supporter Live On Social Media
The following video was broadcast on Facebook Live and depicts Brittany Herring and others tying-up, attacking, and cutting an unidentified white male…
Tesla Flips the Switch on the Gigafactory
Musk meets a deadline: Battery-cell production begins at what will soon be the world’s biggest factory—with thousands of additional jobs.
January 4, 2017 – by Tom Randall
https://www.bloomberg.com/news/articles/2017-01-04/tesla-flips-the-switch-on-the-gigafactory
You don’t think we have traitors in the current whitehouse?
Listen to this Alex Jones segment and recording of Kerry:
https://youtu.be/XTINfxK93ts?t=7093
Thinking of using GLD or SLV?
Read this:
https://www.bullionstar.com/gold-university/etf-gold-mechanics
SGE gold $1195 + and climbing
Silver $18.05
I said yesterday , I thought it would go over $18
The National Defense Authorization Act of 2017, which is sitting on President Obama’s desk awaiting signature, consists of over 3,076 pages of rules, regulations, and pet projects.
An unbelievable increase in swamp flooding.
And it even includes a new Ministry of Propaganda……it isn’t called that. of course, but
with all the time and money spent preparing this bill, they could have funded a couple hundred miles of wall…………
On Topic!
The latest from Nomi Prins:
https://www.youtube.com/watch?v=ideiJDUBwDg&feature=youtu.be
CFS……you should re post the article on the Etfs…….I thought it was a great example why one would hold phyz.
thanking you in advance…….
Nomi Prins is well worth listening to. Especially after minute about 44 on.
What was missing from Herr Schall’s questions was a discussion of free trade versus tariffs.
Here Trump’s policies are flawed.
For example bringing jobs bsck from Mexico may NOT be in the best interests of a major international company.
E.g. Mexico has 44 bilateral tariff-free trade agreements with other countries covering over 60% of world trade.
On the other hand the US only has 20 bilateral trade agreements covering less than 40% of its trading partners; most notably missing is any tariff-free trade agreement with the EU.
So if I were an American company wishing to sell cars to Europe, I would certainly choose Mexico over the US for the location of my factory for building those cars, simply to avoid excessive import taxes into the EU. Obama’s minions have been focusing on senseless grand multi-national trade agreements which have not favored the US people.
Ditto……..was a good listen to……..appreciate the article……..
might need to do a replay of this later in the year……..after Trump puts some more policies into action(if and when)……………jmho
Which one?https://www.bullionstar.com/gold-university/etf-gold-mechanics
was my most recent post on ETFs.
YES…this was a good one, and I would highly recommend this to anyone that has an interest in gold or silver………GOTS, as sinclair would say.
Russian Hacking story changes again…………….now it is a release thur third party…..thing just get more complicated when you are a liar.
Wonder how MCCAIN will explain this one………..
SENILE
The left is getting more extreme………….jmho
California legalizes prostitution for children …..
BITCOIN going up due to uncertainty in the world currencies. Safe Haven???? Could gold and silver be moving up based on the move in BITCOIN. Could be the new metric for 2017.
I thought they just got smashed ……..from the Mexican peso….check zerohedge
BITCOIN IN CHINA>>>>SMASH>>>>>>>30%,,,,,zerohedge
Japanese Company replaces all office workers with artificial intelligence machines, soon it will read Japanese government replaces all government employees with IBM machines. AH SO! https://www.theguardian.com/technology/2017/jan/05/japanese-company-replaces-office-workers-artificial-intelligence-ai-fukoku-mutual-life-insurance
NO loss there , their population is decreasing…………..
Your right the loss will be felt in China and The US, technology never sleeps only humans do. You snooze you lose! LOL!
goods are going to get a lot cheaper……….lol
Automation is why I think all the hand-wringing over declining birth rates and decreasing ratio of workers to retirees is overblown. Those who have pushed those worries don’t seem to grasp the problem inherent in exponential population growth.
But yes, many individuals will suffer as the result of automation, as exponential population growth continues in many areas and will run into the wall of declining employment. I think it’s best to own productive land and real things of tangible value, always bearing in mind that those who are well-off as a result of planning ahead will be scapegoated and seen as a legitimate target for plunder by the unfortunate masses.
Silver looking good………….jmho
Fascinating discussion on bitcoin. My gut though, says it isn’t for me. Good luck to those that differ.
Did anyone see that ‘black swan’ swoop in last night??? The Chinese Central Bank busting the shorts in the Yuan. Repercussions are affecting the dollar, yen, euro, gold and conventionals.
I think JohnK is right about the importance of blockchain tech.
But I don’t think bitcoin should be more than a small portion of a wealth preservation or wealth growth portfolio.
I think , if you are along the silk highway……it should work, but, not in the usa, close to the fed smashing banksters………jmho
Audit the Fed. bill, likely to be signed by Trump. GOLD Going higher, a lot higher.
Trump should request a personal tour of the vaults…………JPM, will need to shift some of the silver to gold holdings, since they are a member of the fed round table.
Going exponential on good volume:
http://stockcharts.com/h-sc/ui?s=GXU.V
This is Bob Friedland’s kid.
http://stockcharts.com/h-sc/ui?s=REEMF
Volume!!!!
It is only the slowness of governments that has stopped crypto-currencies from being illegal. (2 cents)