Just a few months ago the total net worth of all Bitcoins, a popular encrypted digital currency, was worth about $140 million. The non-tangible exchange mechanism is used by people all over the world to purchase everything from traditional goods and services, to illicit trade that may include drugs and stolen credit card numbers. The coins became a go-to digital store of wealth around the worl... read more
On the heels of enormous volatility in gold and silver, today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, tells KWN readers what they must know about the incredible action that is now taking place in these key markets.
Fitzwilson: “Give me control of a nation's money and I care... read more
While the supposedly-coercive decision to hand over most of the nation's gold to the European Union was surprising to some, the latest policy decision from Cyprus' President Anastasiades looks set to dilute the nation's sovereignty also. Foreign depositors who lost at least EUR3 million will be given EU passports (and Cypriot citizenship), "in an effort to 'mitigate' to some... read more
LONDON(Commodity Online): The super cycle in commodity bull market is positive news for gold prices, says Jim Steel of HSBC. A research by the International Monetary Fund regarding commodity super-cycles says that the commodity bull market that started in 2001 is not over.
Commodity super-cycles from the mid-19th century is reviewed by the IMF research paper. It says that t... read more
As one of America's most successful investors warns the eurocrisis is far from over, we consider the investment case for Europe.
Investors can be forgiven for feeling jittery about the eurozone again, after George Soros, America's most successful investors suggested the economy in Germany could be pulled under by the crisis.
Mr Soros is best known for being the m... read more
The chart below may be the best one-chart summary of all that is wrong with the US financial system. It is a very simple chart - it shows total JPMorgan deposits, loans and the excess difference of deposits over loans.
Why is it a good summary? Because as the blue bar shows, total loans issued by the biggest US bank were $723 billion in Q1 2013: about $30 billion less than in the qu... read more
Great Gloves Off Interview with James Rickards, Axel Merk - Talk about Gold, BitCoin, China, Japan & More
Click through for video:
Jim Rickards - Why He Likes Gold Better Than BitCoin - Gold Is Money
http://bloom.bg/Yqwghf
Today Jim Sinclair spoke with King World News about the ongoing chaos and told KWN the world is witnessing something that has never been seen in history. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this interview.
“The p... read more
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During 2012, central... read more
The price of gold is always in an uptrend somewhere in the world, and investors can profit by combining a gold and currency strategy, according to James Rickards, senior managing director of Tangent Capital Partners.
Rickards, author of the bestseller “Currency Wars: The Making of the Next Global Crisis,” told Bloomberg TV that gold is up 25 percent in the last three months — but only... read more
