Month: November 2020

Business Insider/Ben Winck

“The token also isn’t ‘very good as a store-hold of wealth because it’s volatility is great and has little correlation with the prices of what I need to buy,’ he said. Owning bitcoin does nothing to protect buying power, Dalio added.”

USAGOLD note: Dalio says that he might be missing something when it comes to bitcoin. We would encourage him to trust his instincts.

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Repost from 11-19-2020

The post Three reasons why bitcoin will not become an everyday currency – Dalio first appeared on Today’s top gold news and opinion.

TheFirstNews/Stuart Dowell

Photo courtesy of TheFirstNews and DESA Unicum • • • Click to enlarge

“Measuring nearly 7 centimeters in diameter and weighing a hefty 174.9 grams (5.44 troy ounces), the 50 duct gold coin from 1621 is a masterpiece of baroque engraving and a pearl of Polish coinage.  … The gold piece is one of only six similar coins. One of them, a 100-ducat, was sold in the United States in 2018 for a staggering USD 2 million.”

USAGOLD note:  By way of comparison, the Brasher doubloons, the so-called holy grail of American numismatics, was recently offered for $15 million in private sale. It will be interesting to see what this unusually large and very rare 1621 Polish 100 ducat gold coin will fetch in the auction sale to be conducted by DESA Unicum in Warsaw at the end of November.

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Repost from 11-19-2020

The post ‘Huge’ 400-year old 5+ ounce gold coin to be auctioned in Warsaw first appeared on Today’s top gold news and opinion.

Gold mining emissions draw scrutiny after price surge  Reuters

Pure Gold Mining project video vividly highlights scale of potential at its Red Lake development as first production nears  Proactive Investors USA & Canada

Harmony Gold Mining Stock Getting Very Oversold  Nasdaq

Jewellery brands urged to do more to fight gold, diamond mining abuses  Reuters

Want A Gold Mine? A Legendary One Is For Sale  Forbes

Gold price ends at lowest since mid July, but hangs above key support level at $1,800  MarketWatch

Bank of American neutral on gold price; no longer holding $3000 target  Kitco NEWS

Gold Price Hits 4-Month Low Even as Real US Rates Retreat on Yellen Getting the Treasury, Asian Bargain-Buying AWOL | Gold News  BullionVault