Tuesday, November 07, 2017 12:07:19 PM
Fade To Blue
GYS
'Buy bitcoin' overtakes 'buy gold' as online search phrase
Submitted by cpowell on Tue, 2017-11-07 14:38. Section: Daily Dispatches
By Eddie VanDer Walt
Bloomberg News
Tuesday, November 7, 2017
Add bitcoin to the list of things denting gold's appeal.
Bullion's rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now bitcoin's surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.
According to Google Trends, global searches for "buy bitcoin" have overtaken "buy gold" after previously exceeding searches for how to purchase silver. Last month, the amount of gold changing hands on BullionVault's online trading platform dropped by almost a third from the 12-month average. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-11-07/bitcoin-rally-is-erod...
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Ronan Manly: Will anyone notice LME's new gold and silver reference prices?
Submitted by cpowell on Sat, 2017-11-04 14:04. Section: Daily Dispatches
10:10a ET Saturday, November 4, 2017
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today analyzes the London Metals Exchange's 2-month-old system of posting daily reference prices for gold and silver and finds it not yet very useful or competitive with the prices reported by the Intercontinental Exchange and London Bullion Market Association.
Manly concludes: "Ideally the London gold and silver markets do not need an additional benchmark reflecting fractionally-backed unallocated gold and silver trading, but a benchmark and reference price reflecting the trading of real physical gold and silver. However, as the LME has chosen not to upset the status quo of the London unallocated trading system, a system that remains one of the key determinants of the international gold price, then real physical gold and silver reference prices in the London market will unfortunately remain a pipe dream."
Manly's analysis is headlined "LME Gold and Silver Reference Prices: Will Anyone Notice?" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/lme-gold-silver-reference-...
https://www.youtube.com/watch?v=-Ug6qfYydIk
GYS
'Buy bitcoin' overtakes 'buy gold' as online search phrase
Submitted by cpowell on Tue, 2017-11-07 14:38. Section: Daily Dispatches
By Eddie VanDer Walt
Bloomberg News
Tuesday, November 7, 2017
Add bitcoin to the list of things denting gold's appeal.
Bullion's rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now bitcoin's surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.
According to Google Trends, global searches for "buy bitcoin" have overtaken "buy gold" after previously exceeding searches for how to purchase silver. Last month, the amount of gold changing hands on BullionVault's online trading platform dropped by almost a third from the 12-month average. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-11-07/bitcoin-rally-is-erod...
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Ronan Manly: Will anyone notice LME's new gold and silver reference prices?
Submitted by cpowell on Sat, 2017-11-04 14:04. Section: Daily Dispatches
10:10a ET Saturday, November 4, 2017
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today analyzes the London Metals Exchange's 2-month-old system of posting daily reference prices for gold and silver and finds it not yet very useful or competitive with the prices reported by the Intercontinental Exchange and London Bullion Market Association.
Manly concludes: "Ideally the London gold and silver markets do not need an additional benchmark reflecting fractionally-backed unallocated gold and silver trading, but a benchmark and reference price reflecting the trading of real physical gold and silver. However, as the LME has chosen not to upset the status quo of the London unallocated trading system, a system that remains one of the key determinants of the international gold price, then real physical gold and silver reference prices in the London market will unfortunately remain a pipe dream."
Manly's analysis is headlined "LME Gold and Silver Reference Prices: Will Anyone Notice?" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/lme-gold-silver-reference-...
https://www.youtube.com/watch?v=-Ug6qfYydIk
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
