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Posts Tagged ‘GoldMoney’

US Gold Dealer Launches First Bullion Backed Digital Currency

U.S. precious metals dealer Anthem Vault Inc has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money. It will launch 10 million “INNCoins” backed by 100 grams (3.5 ounces) of gold, with all coins expected to be in circulation by July 2015.

Erosion of Trust Will Drive Gold Prices Higher

An erosion of trust means that people are less willing to accept the counterparty risk that comes with financial assets that occurs during financial busts. People as a consequence move their wealth into tangible assets, like farmland, oil wells or in tangible forms of money, which means gold.

What Does the Market Say - Is Bitcoin A Revolution Or A Trap?

From under $20 at the beginning of 2013 it rose to $240, crashed to below $100, and then in one dramatic arc soared to more than $1,000. The market value of Bitcoin in early 2014 exceeded $10 billion and the number of merchants willing to accept it was soaring. The market appears to have spoken.

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