Student loans? Hedge with bitcoins, says Gold Silver Bitcoin
A company called Gold Silver Bitcoin is touting its commodities of choice as a way for college students and graduates to hedge their often-huge student debts. To back its argument, the company cites reports that the number of graduates in the US who have fallen behind on their student loan payments has climbed to an all-time high. In the third quarter of 2012, 11 percent of payments on student loans were 90 days or more past due -- considered "seriously delinquent" -- according to a report from the US Department of Education. The department also reported that nearly one-third (around 30....
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This is not a new Bitcoin service. Rather, a guide to combining two services - Tuition.io and Brawker - for paying student loans using Bitcoin. Tuition manages your student loans and offers payment plans and strategies to minimize interest. Last fall, a new service debuted; the ability to send and receive gift cards for making loan payments. Brawker is a site where users post bitcoins, at up to 20% markup, in exchange for goods. For example, I used Brawker to buy an Amazon wishlist at discount. Instead of receiving cash for bitcoins you receive items. It's not limited to just Amazon. In....
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped 2.82% and palladium shed 4.18% against the USD during the last day.
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In an age where college tuition and fees are growing larger than the 50 foot woman, wouldn't it be great if students could save a hefty bunch and not worry as much about the debt they're inducing? Well, now they can... With bitcoin. BTC store Brawker is partnering up with student loan service Tution.io in order to bring about what they're calling tuition gift cards, which can help students save up to 17 percent on their education loans. Brawker sells bitcoins at a markup, and thus students are allowed to sell bitcoins in exchange for a Tuition.io gift card. Cards carry a limit of $500 and....
On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold.
Precious Metals Price Patterns Follow Friday’s Equity Market Rout and Crypto Carnage
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College education is expensive, whether you’re going for your bachelor’s degree or your master’s degree. And these days, American students are more burdened by student loan debt than ever before. While there are more affordable options, such as online schools that offer a wide array of programs, from an online MBA to an online homeland security program, taking out loans to pay for higher education has put young adults in debt before they even have a chance to start working. A Look at Some Numbers. To really understand just how burdened American students are with debt, you need to look at....