Report: UK Gold Dealer Sold Out of Bullion After Pound’s Record Fall Causes D...
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase in demand for the precious metal. Demand for Gold ‘Increased Exponentially’ A United Kingdom-based gold dealer, Ash Kundra, has revealed that he repeatedly ran out of gold coins and bars in the days that followed the United Kingdom treasury chief Kwasi....
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Bitcoin is not a gold standard as it is independent, without the intervention of any central bank or government agency. There has been a lot of comparison between bitcoin and gold in the recent times. Bitcoin has been compared to gold in many aspects. In fact, bitcoin is also called digital gold for a reason due to various similarities it shares with the yellow material. However, referring to bitcoin as a gold standard may not be relevant. The gold standard is a reference to the monetary system that was based on the value of gold. While most countries stopped following the gold standard....
A new exchange for trading gold bullion and bitcoin is set to open on 21st February. The Bullion Bitcoin exchange, based in London, will allow sophisticated investors, as defined by the UK financial regulator, to trade gold bullion and bitcoin. The exchange will not be open to retail investors. Adam Cleary, Bullion Bitcoin's owner said: "It seemed to me we should create an exchange that's completely free of any fiat currency constraints. There are no fiat currency accounts - it's directly gold for bitcoin." Access to the exchange will be restricted to sophisticated investors, high....
Dallas-based precious metals dealer JM Bullion is now accepting bitcoin. With the announcement, JM Bullion joins a growing list of US-based precious metals dealers that accept bitcoin for payments, including Agora Commodities and Amagi Metals. JM Bullion will accept bitcoin through a partnership with merchant processing startup BitPay. Customers will receive 4% discounts on bitcoin purchases, an offer also extended to those who pay with bank transfers and paper checks. Director of e-commerce Thomas Fougerousse said that he believes the decision enables the company to offer a better payment....
JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. JM Bullion is a US online retailer of gold and silver products that accepts Bitcoin. JM Bullion is located in Dallas, Texas, and deals exclusively in physical bullion, selling precious metals that will be sent directly to you. Besides selling the precious metals, JM Bullion also makes sure that buyers receive their gold or silver at their door. The company is a fully....
Bitcoin has come to be the known as digital gold – a new age currency whose value cannot be eaten away by the inflationary policies of the government. The two have shown divergent trends in May, with Bitcoin's value skyrocketing and gold declining. Causes for gold's decline. Gold is viewed as a safe haven for investment during periods of turmoil and tends to go up during times of crises. Gold also acts as a hedge against inflation and tends to rise when governments follow expansionary monetary policies. Increasing interest rates tend to result in a fall in gold prices, because money flows....