Chinese foreign debt rises to $1.68 trillion
Gold finishes 2017 over $1,300 up 13%, silver closes shy of $17 up $7%.Cardano and Ripple rip higher.
JP Morgan fined in another fraud case.
Copper continues to climb.
2017 ends with no Comex default, no gold backed Yuan, no sovereign sized gold buy, no dollar collapse and no digitized asset SDR.
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Gold and silver.
Gold closed last week at $1274.50 an ounce and closed this week at $1302.50 +2.2%
Silver closed last week at $16.37 an ounce and closed this week at $16.91 +3.2%
#Gold made it! Gold closed 2017 over $1300 an ounce. https://t.co/Ex2X1pZYDQ#Silver failed to close at or above $17 an ounce in 2017. https://t.co/qjSAX32Nru pic.twitter.com/tbanjgL428
— Smaulgld (@Smaulgld) December 29, 2017
The gold and silver ratio ended the week at 77:1
Gold and silver are not the same metals, they have different properties and different uses. Relative rarity is not the only determinate in arrive at price.
Silver is a spike and dive metal.
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Cryptocurrencies
South Korea students dive into virtual coins, even as regulators crack down https://t.co/6snSzFL6eo
— Smaulgld (@Smaulgld) December 29, 2017
Looks like its not new fiat that is buying #ripple but FOMO people selling #Bitcoin and #ethereum for it LOLhttps://t.co/iHA0EEk6NY
— Smaulgld (@Smaulgld) December 30, 2017
@VoluntaryMitch if you check the ripple buys they are trading pairs from BTC & ETH- mostly not new fiat
— Smaulgld (@Smaulgld) December 30, 2017
Of the #Ripple $7.8B traded today on top 13 exchanges
$3.53B can from mostly Bitcoin/XRP and some ETH/XRP trading pairs
$360 milion in USDT (Tether) buys
$2.8B from Korea Won buys
$1.1 B from US dollar buys
or about half came from people swapping out Bitcoin/ETH and Tether— Smaulgld (@Smaulgld) December 30, 2017
Nearly ALL #Cardano #ADA traded today
was either Bitcoin, Ether, Tether, or Ripple pairs- in that order
with Bitcoin 85% of the trades— Smaulgld (@Smaulgld) December 30, 2017
Rationale for buying Ripple "new investors that are flooding the market are more interested in the return they might generate than decentralization and immutability" OR JUST BECAUSE!https://t.co/VbQCzE4orM
— Smaulgld (@Smaulgld) December 30, 2017
Why buy one #bitcoin when you can buy 10,000 Rippers or 25,000 Cardamoms?
— Smaulgld (@Smaulgld) December 30, 2017
Seems people are buying alt coins that are five dollars and under with the (mis) understanding they are undervalued compared to #Bitcoin
— Smaulgld (@Smaulgld) December 30, 2017
the benefit was it was under a dollar and now its considered "cheap" because #Bitcoin is $14K
— Smaulgld (@Smaulgld) December 30, 2017
#Ripple is a bubble within a bubble
Irrational even for the irrational cryptobubble— Smaulgld (@Smaulgld) December 30, 2017
Keep the class action numbers lower…. https://t.co/KCUJUJCUXO
— Smaulgld (@Smaulgld) December 30, 2017
Some will be back in 2018 as the booking of 2017 profits ends this weekend. Others will be touting alt-coins
— Smaulgld (@Smaulgld) December 29, 2017
Ripple
Any one remember #Ripple – the cheap fortified wine?
Fitting name?
"Due to its low price, it had a reputation as a drink for alcoholics and the destitute"https://t.co/JTR0fqwdlE— Smaulgld (@Smaulgld) December 31, 2017
Dollar Collapse!
"Dollar Collapse" Perspective@MONETARY_MAYHEM @Silverorbust @Sportsmom0621 pic.twitter.com/hbXFqjuo31
— Smaulgld (@Smaulgld) December 29, 2017
Saudi Arabian Holdings of US Treasuries Soar in 2017 https://t.co/RXh1r7RHD4
— Smaulgld (@Smaulgld) December 29, 2017
SAUDI ARABIAN HOLDINGS OF US TREASURIES SOAR IN 2017
(Despite threats to dump them!)https://t.co/RXh1r7A6euhttps://t.co/g0Kpbgaf2k https://t.co/bDSfaNlmZw— Smaulgld (@Smaulgld) December 29, 2017
Litecoin is Life
IB Times: #Litecoin Price Predictions For 2018: Experts Forecast Next Year's Value https://t.co/Qu5vFSCMwP
— Smaulgld (@Smaulgld) December 29, 2017
Rivals, #Litecoin and #Ethereum Erode #Bitcoin's Store of Valuehttps://t.co/5ZiltD0hb5
— Smaulgld (@Smaulgld) December 29, 2017
If there's material deals announced over next 2-3 months & the price rises over $450 @SatoshiLite will be vindicated. HOWEVER, there was no conflict if he just held, UNLESS there is some special relationship b/ Charlie & a company partner that required him to divest his #Litecoin https://t.co/jDN7Mxxs4e
— Smaulgld (@Smaulgld) December 30, 2017
I would think there would need to be either a contractual or quasi contractual NEED to sell #Litecoin as a result of a particular partnership. Otherwise holding & working towards adding value to #Litecoin itself is not a conflict
— Smaulgld (@Smaulgld) December 30, 2017
A job at one of the new #Litecoin partners might require that – although Charlie held his litecoin during his time at Coinbase, so I cant yet think of a reason that would REQUIRE divesting- willing to be surprised!
— Smaulgld (@Smaulgld) December 30, 2017
Ready for more coins? Bitcoin Cash, Zcash & Litecoin coming soon, bug fixes & more – OpenBazaar Development Updates – https://t.co/V6BCxyoQT1 pic.twitter.com/NYQZtRcg43
— OpenBazaar (@openbazaar) December 29, 2017
OpenBazaar is the marketplace integration I was hinting at. We are excited to be working with the @openbazaar team on adding Litecoin! https://t.co/EX8tpKU2h3
— Charlie Lee [LTC] (@SatoshiLite) December 30, 2017
IF a govt wanted to establish a crypto commission & put @SatoshiLite in charge he would have to divest. Or if a co wanted to make Charlie chief crypto strategist, he would have to divest. The conflict comes from aligning with another entity where #Litecoin isn't always the answer
— Smaulgld (@Smaulgld) December 30, 2017
Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was too centralized and dependent on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won't do that until I've helped LTC climb back past the ATH.
— Charlie Lee [LTC] (@SatoshiLite) December 31, 2017
Bitcoin
Not sure that is trouble- more of a sign of that the entire cryptosphere is growing along with #Bitcoin
— Smaulgld (@Smaulgld) December 31, 2017
Bitcoin and Money Laundering
According to a UK Treasury report risk assessment chart below, cash, banks, accountants and lawyers are the highest risks for money laundering.
Digital currencies the lowest#bitcoin https://t.co/zv41bU8NT0— Smaulgld (@Smaulgld) December 27, 2017
#Bitcoin Ranks Last on the U.K.’s Money Laundering Risks https://t.co/zoXYXcB2wU
— Smaulgld (@Smaulgld) December 27, 2017
Bitcoin Ranks Last on the U.K.'s Money Laundering Risk List https://t.co/zoXYXcjr8k #bitcoin2 #litecoin pic.twitter.com/7MMUVrmO9L
— Smaulgld (@Smaulgld) December 28, 2017
Crypto Regulation
South Korea to impose new curbs on cryptocurrency trading https://t.co/nFAFxbrNdm
— Smaulgld (@Smaulgld) December 28, 2017
India likens cryptocurrencies to Ponzi scheme, cautions investors https://t.co/AryHJ1Qsan
— Smaulgld (@Smaulgld) December 29, 2017
JPMorgan Fraud
JPMorgan to pay $2.8 million for failing to segregate customer funds https://t.co/ZinxTHDDjn
— Smaulgld (@Smaulgld) December 28, 2017
no disincentive at all they probably made 10x lending those securities
— Smaulgld (@Smaulgld) December 28, 2017
In addition to the fine JPM should have to pay at least 3x what they made on lending the securities https://t.co/2PNBXasqnB
— Smaulgld (@Smaulgld) December 28, 2017
Gold and Silver
#Gold Priced in World Currencies in 2017 ( and #Silver too!)https://t.co/WtrEy4invOhttps://t.co/pifKYQZkGv https://t.co/7e7anaEECF
— Smaulgld (@Smaulgld) December 30, 2017
Bitcoin and Gold
Add @MilesFranklinCo to list of bullion dealers accepting #Bitcoin
Why not #LITECOIN it's faster/cheaper @BitPay @LTCFoundation @SatoshiLite @APMEX @AmagiMetals@BullionStar
GoldSilver. com@Goldmoney @JMBullion @MoneyMetals Exchange@ProvidentMetals
Silver .com@SchiffGold https://t.co/1tGcZsLMKV— Smaulgld (@Smaulgld) December 28, 2017
Copper and Silver
#Copper’s Rally Is Longest in a Generationhttps://t.co/hWrE7QQSPN
— Smaulgld (@Smaulgld) December 28, 2017
Goldpumper.com
10X ALERT! MUST READ! WILL SHOCK THE WORLD! SOMETHING BIG IS BREWING in #Gold and #Silver– the latest piece of hype: https://t.co/PPO0HQXWMz
— Smaulgld (@Smaulgld) December 27, 2017
Reasons to buy #gold and #silver from https://t.co/ykGknZ6Sll :
Comex Default
Silver Shortage
SDR to replace the dollar on Jan 1 (after it collapses)
Gold Backed Yuan
Sovereign Sized Gold Buy in 45 days
No Gold in Fort Knox https://t.co/jdLDaOh5KM— Smaulgld (@Smaulgld) December 30, 2017
Buried Gold
Roman coins and Medieval #gold ring found by treasure-hunters in Cornwall https://t.co/5BEEWA97sU
— Smaulgld (@Smaulgld) December 28, 2017
Found Silver!
Hidden History: Vipont #Silver Mine https://t.co/sdUWVkJRuP via @twinfallstn
— Smaulgld (@Smaulgld) December 28, 2017
Smuggled and Seized Gold
Rose Valley case: ED seizes precious stones, #gold worth Rs 40-crore https://t.co/KnsoyqpHl8 via @economictimes
— Smaulgld (@Smaulgld) December 28, 2017
#Gold-import curbs temporary, India assures Korea | Business Line https://t.co/Tx2ZSkLKFG
— Smaulgld (@Smaulgld) December 28, 2017
Dubai jeweller held for smuggling 50kg of #gold into India https://t.co/MRb3BaLKVi
— Smaulgld (@Smaulgld) December 28, 2017
China’s Vision of Peace and Harmony Through Trade and Sound Money and GOLD!
So much for the "China has no foreign debt" narrative:
China's foreign debt rises 7.5 percent in the third quarter to $1.68 trillion: regulator https://t.co/8onDeNVMoC
— Smaulgld (@Smaulgld) December 28, 2017
Military
Because China is only concerned with production,the welfare of its people and #GOLD!
Taiwan president says China military causing regional instability https://t.co/UF2QvDVb6F— Smaulgld (@Smaulgld) December 28, 2017
China’s hypersonic ‘ultimate DOOMSDAY weapon’ – and it could wipe out the US in ONE SHOT https://t.co/Jy7voB2qxd
— Smaulgld (@Smaulgld) December 31, 2017
Caught RED HANDED – very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!
— Donald J. Trump (@realDonaldTrump) December 28, 2017
Taiwan president warns China against military aggression https://t.co/15s03extr8
— Smaulgld (@Smaulgld) December 29, 2017
Economic
Trump poised to hit China with ‘shock and awe’ trade penalties https://t.co/Z5vQb2nEWK via @SCMP_News
— Smaulgld (@Smaulgld) December 28, 2017
depends- if there are tarriff on chinese products we will see price inflation on the bulk of consumer goods..that would be good for gold
— Smaulgld (@Smaulgld) December 28, 2017
Would be an interesting move- depends on the how the tariffs work. If they devalue to compensate for the tariffs it might make their production unprofitable. A devalued Yuan would also harm their budding internationalization efforts and petro yuan initiative.
— Smaulgld (@Smaulgld) December 28, 2017
People's Bank of China Reports Flat #Gold Reserves in Novemberhttps://t.co/pmCzQjBhQXhttps://t.co/vKzatSErVS
— Smaulgld (@Smaulgld) December 29, 2017
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
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Sign Up For Smaulgld.com Updates Here!
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Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Donate To Smaulgld.com via paypal
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
SD Bullion
Money Metals Exchange
-----------------------------------------
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