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The near future of $GBTC looks promising...
I have seen some insane price projections for BitCoin. $650 was one of the recent price projections. It will bode very well for $GBTC if the other price projections come true.
I also heard the Brits are even more in favor of the BREXIT at this time.
I saw this article too...
Bitcoin Spikes Above $600 - 2 Year Highs - On Sudden Massive Chinese Buying
Should be a nice open for $GBTC on Monday... GLTA
Lately there seems to be a correlation between gold and silver and the action in BitCoin.
As people around the world dump their fiat currency there has to be something they can put their assets into instead. Gold, silver, and BitCoin seem to be the preferred assets.
BitCoin is a 24/7 market
www.coindesk.com/price/
I must admit I was apprehensive about BitCoin at first, but I found a stock, $GBTC, that holds BitCoins and you can trade through your brokerage. I do recommend anyone thinking about $GBTC do their own research.
Anyway the price of BitCoin has shot up dramatically over the weekend. IMHO this bodes well for gold and silver in the near future. As the fiat monetary system dies there will be alternatives. I see gold, silver, and BitCoin as the majority of alternatives entities will turn to in order to preserve wealth.
Given the price appreciation in BitCoin over the weekend, if it holds, then there should be a nice open for $GBTC on Monday.
GLTA
Is this a sign of the coming economic collapse? Dramatic rise in BitCoin over the weekend. It is over $660/Bitcoin.
If you are not sure like I am about purchasing BitCoins directly, then $GBTC may be the way to go.
I was not ready to purchase BitCoins directly so I researched and bought into $GBTC. It is a way to participate in BitCoin appreciation directly through a brokerage account (which most of us already have).
People dumping the fiat currency for crypto currencies may be a new trend as the Central Banks print to oblivion.
IMHO, if the BitCoin price holds there should be a jump in the price of $GBTC at the open on Monday.
www.coindesk.com/price/
I do enjoy 24/7 markets. BitCoin is over $660/BitCoin.
$GBTC should do very well on Monday.
If you aren't sure how to invest in BitCoin then buying $GBTC is one way to participate.
"These damn visas should be outlawed."
I agree in as much as the visas have been abused.
What really should be outlawed and eliminated from our society is the politicians who pass the laws and the bureaucrats who bend the laws to allow this.
Every vote counts, use it wisely.
I have been wrestling with trying to figure out where the US$ will go during a fiat money system crash. Based on your analysis (guess) for the price of gold, you see the US$ being cut in half.
I am beginning to think the US$ collapse could be much worse. In the lower right-hand corner of the USdebtClock (http://www.usdebtclock.org/) there is an estimate of the current price of gold and silver based on the money supply. The values for gold and silver are several factors higher than your estimate.
Most of us here are simply projecting where it will go from here and trying to preserve and appreciate our net worth. Like others here, I am reading/learning as much as I can while I can.
I think $AG has a future and there is good price appreciation ahead. However, I have never experienced anything like what is happening in Venezuela. I just don't want to fall into the trap of the "normalcy bias" and think I will be able to trade $AG and access my funds during a fiat money system crash.
Any words of wisdom from those who have experienced a fiat money system crash would be greatly appreciated.
Another weekend of rising prices for BitCoin. At this time the high is $641.95.
Should see a nice pop in $GBTC on Monday if price holds.
Does anyone think $GBTC will forward split in the future as prices appreciate or is this another BRK-A where the share price is ridiculously high?
While many people know about Bitcoin I do not think it is in mainstream use yet. That is changing. Hang on for a wild ride, you will not be disappointed.
I do not have a Bitcoin wallet yet. I do see the potential of Bitcoin and I have taken my first position in $GBTC to play Bitcoin without having a Bitcoin wallet. My position in $GBTC has done well too.
I am happy that $GBTC is still relatively unknown. That points to much appreciation ahead for those who got in early.
Gold & Silver Exploding Higher...
Yes, the potential employees dropped from the rolls make up the recently retired, those no longer getting unemployment, and those who simply gave up trying to find a job.
I wonder how many people retired last month. The baby boomers aren't getting any younger. That said, I know a lot of baby boomers who say they will need to work until they die.
It would be interesting to know how many people applied for Social Security benefits last month too.
Nice bump in the price of Bitcoins in US dollars. Equally nice drop in the US dollar index.
Nice price movement in the price of BitCoin in US dollars.
Does this point to the end of the US dollar? One can only dream.
I remember the cartoon, "Can you help out a fellow American? Can you spare two bits?"
Two Bitcoins are worth for more than two bits of a US dollar.
ICE spends millions flying illegal immigrant children across US
I wonder if they have to wait in long TSA lines before they board those planes.
PAPER SILVER Can't Trump PHYSICAL -- CEO Joseph Grosso
I am happy to say that I live in one of the states that has not gone insane. Do you live in a state of insanity?
State Leaders Oppose Obama Administration On Transgender Access
http://www.westernjournalism.com/state-leaders-battle-transgender-ruling/
I am happy to say that I live in one of the states that has not gone insane. Do you live in a state of insanity?
State Leaders Oppose Obama Administration On Transgender Access
http://www.westernjournalism.com/state-leaders-battle-transgender-ruling/
I agree I am done voting for the least of two evils. However, I will vote for the best candidates at all levels where the choice is not one of the least of two evils.
This year I will likely abstain from voting for a Presidential ticket. I have voted enough times where it is a choice between two evils. My sins are forgiven through Jesus Christ. When I have to give an account for my life to God, I do not want to say I always voted for the least of two evils.
We need to continue to vote good, God fearing people in at any level be they school board, mayor, congress, or senate.
I am seriously thinking of putting in a write-in candidate of whom I can vote for with a clear conscious. Yes, it will be called throwing my vote away by some, but I do not fear men, I do fear God.
Gentlemen, please make your loved ones aware of this...
Obama administration to issue guidance on transgender access to school bathrooms
http://www.cnn.com/2016/05/12/politics/transgender-bathrooms-obama-administration/
Obama administration to issue guidance on transgender access to school bathrooms
http://www.cnn.com/2016/05/12/politics/transgender-bathrooms-obama-administration/
Obama administration to issue guidance on transgender access to school bathrooms
http://www.cnn.com/2016/05/12/politics/transgender-bathrooms-obama-administration/
Omaha is about 2,500 miles from the fire area Fort McMurray, AB. It is amazing the smoke traveled that far and you can actually smell the burning pine in the smoke.
The wind has shifted and the smoke has cleared.
You would think the greenies would be demanding Obama do something.
All that carbon being released into the atmosphere. You would think someone would say something.
It is a smokey day here in Nebraska, The wind is from the north and bring the smoke from the Canadian fires into the area. The smoke smells like burning pines.
Excellent attitude and credo to live by!
I commend and applaud you.
Do the gaps in SLV really matter?
SLV is supposed to follow (or be correlated) to the spot price of silver. Silver commodities are trading right now, this very minute. Yet, the market for SLV stock is closed.
The price of SLV always adjusts to the price of silver at every open. This naturally causes gaps.
Instead of the gaps in the SLV chart, maybe one should pay more attention to the gaps in the spot price of silver, IMHO.
Silver is on the rise again this morning, but this time the USD index is also up. Will silver get smashed again just before the stock market open? We shall see...
It was probably the US trying to stop the fall in the US dollar today.
US Mint start selling Mercury Dime 2016 Centennial Gold Coin (1/10 ounce fine gold) today. A little after an hour after they started selling them, it became unavailable. I guess there is a lot of interest in purchasing gold lately.
It was probably the US who dumped gold today. They were most likely trying to stop the fall of the US dollar that started this morning.
I'll raise your Boom! to KaBoom! +0.51
The what about people who have applied for citizenship. Since there is a chance they will become citizens before November, then shouldn't they vote too.
Where will this lead to...??
Is this the correct website?
http://www.bbb.org/new-york-city/business-reviews/training-programs/the-trump-entrepreneur-initiative-in-new-york-ny-97075
The BBB website above states "The Trump Entrepreneur Initiative aka (Formerly) Trump University"
When I followed the link it states:
This business is not BBB accredited.
The Trump Entrepreneur Initiative
Phone: (212) 810-7358
Fax: (212) 937-3830
40 Wall Street, 32nd Floor, New York, NY 10005
customersupport@trumpinitiative.com
View Additional Email Addresses
http://www.trumpinitiative.com
! The Trump Entrepreneur Initiative is Believed to Be Out of Business !
That has the potential of changing the make up of the court. Just imagine if this administration gets the justice they want.
That has the potential of changing the make up of the court. Just imagine if the current administration gets a justice they want. The EPA ruling would be overturned for sure.