17 Feb '14, 2am

Is Bitcoin Greatly Rotating Into Bullion?

I agree with this statement: "Bitcoiners are not converting bits to bullion"... The Gold market is lead by the "top of the pyramid", not the bottom, and correlation doesn't equal causation. While the BTC crowd certainly did well for themselves, the amount of money that moves in BTC is nothing compared to the billions that move in Gold, each and every trading day. The LBMA alone, was clearing close to $10 Billion/day in trading volume, and that was 16 years' ago. It's only gotten larger since then, as bank-guaranteed contracts for Gold have been underwritten for years, on the back of metal that's no longer there, and not cost-effective to extract from the ground (currently). People should stop and ask: Why is Gold such an opaque market? What is the big secret? Why is there such a need to disguise the dealings of a "small market", for a "barbaric relic that isn't important t...

Full article: http://www.zerohedge.com/news/2014-02-16/bitcoin-greatly-...

Tweets

Bullion Bitcoin to Launch Gold-Bitcoin Exchange

Bullion Bitcoin to Launch Gold-Bitcoin Exchange

coindesk.com 13 Feb '14, 1pm

A new exchange for trading gold bullion and bitcoin is set to open on 21st February. The Bullion Bitcoin exchange, based i...

Bitcoin

Bitcoin

bitcoinmagazine.com 16 Feb '14, 8am

“The bitcoin is a mania like tulip bulbs in the 1600s and Beanie Babies in the 1990s.” – Wall Street Journal “Bitcoins are...

Rotating Running Shoes: Thoughts From Saucony #...

runblogger.com 13 Feb '14, 7pm

I’m kind of a new runner, but my experience says rotating is a good thing. Shortly after I started running, somewhere in m...

Look out Bitcoin, Here Comes NoFiatCoin

thedomains.com 15 Feb '14, 10pm

An oft-cited concern with crypto-currency is that it is not backed by anything “real.” NoFiatCoin (XNF) is a digital curre...

Look out Bitcoin, Here Comes NoFiatCoin

thedomains.com 15 Feb '14, 9pm

An oft-cited concern with crypto-currency is that it is not backed by anything “real.” NoFiatCoin (XNF) is a digital curre...