Why The Bitcoin ETF Went Down in Flames

why bitcoin will fail

SEC Rejects Rule Change to Allow Bitcoin ETF. Massive Bitcoin Trading on Unregulated Exchanges Was Key Factor. Bitcoin Price Swings Nearly $400 on Day of SEC Decision. BTC ETF Might Have Destroyed Bitcoin Ecosystem/Value as Currency. Check out all the Smaulgld podcasts here. Not a Smaulgld subscriber? Sign up here. Donate To Smaulgld.com via paypal Read More →

People’s Bank of China Gold Reserves Flat For Four Months

Peoples bank of china gold reserves june 2015 - february 2017

Peoples Bank of China Added 14.07 Tons of Gold to Reserves in February. The People’s Bank of China Added No Gold to Reserves in November 2016 and sold 20.97 tons of gold in December 2016, added back 6.91 tons in January and 14.07 tons in February. Total reported People’s Bank of China gold reserves stand Read More →

US Mint American Gold Buffalo Sales Third Highest Ever in February

February sales of American Gold Buffalo coins

Solid February for American Gold Buffalo Coin Sales. U.S. Mint Sold 15,000 24K one ounce gold coins in February. American Gold Buffalo sales in February 2017 were third largest February total in coin’s history. Total American Gold Buffalo and American Gold Eagle Sales were 42,500 ounces in February. The U.S. Mint sold 15,000 one ounce Read More →

America Needs a War, Any War

Marines

Theodore Roosevelt 1897: “I should welcome almost any war, for I think this country needs one.” Spanish American War Begins in 1898. The United States Has Been Involved in Dozens of Military Campaigns over the past 120 years since. Many US Wars Have Involved Fighting Muslims or Russians. War is the One Certain Way to Read More →

American Gold Eagle Sales Fall 69% in February

February sales of American Gold Eagles 1987 - 2017

American Gold Eagle Sales Drop From Elevated January Levels. U.S. Mint Sold 21,000 One Ounce American Gold Eagles in February. Total number of American Gold Eagles sold in January, including 1/10, 1/4/ 1/2 and one once coins was 60,000. Total ounces of gold attributable to all American Gold Eagle Coins were 27,500 ounces. Silver to Read More →

SnapChat To Go Public With Losses Greater than Revenues

wsfms you tube

SnapChat IPO Highlights Markets Have Learned Noting From the Dot Com Bubble Implosion of 2001 and the Stock Market Crash of 2008. Or Have They? Is it Rational to Speculate on Money Losing Enterprises? Do Profits Matter Anymore? Smaulgld appeared on Wall Street for Main Street with Jason Burack yesterday to discuss the current state Read More →

Kazakhstan Adds 1.56 Tons of Gold To Reserves in January

Kazakhstan gold reserves January 2017

The National Bank of Kazakhstan Added 1.56 Tons (50,000 ounces) of Gold To Reserves in January. Total Gold Reserves Stood at 259.714 Tons (8.35 million ounces) at end of 2016. Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold to reserves in 2016. Kazakhstan Gold Reserves Rank 21st in the World. The National Bank of Read More →

Higher Prices Slam American Silver Eagle Sales in February

February sales of American Silver Eagles 1987-2017

February American Silver Eagle Sales Fall Flat in February. U.S. Mint Sells 1,215,000 American Silver Eagles in February. Sales of American Silver Eagle Coins in February 2017 Were the Lowest February Total Since 2008. American Silver Eagle Sales Fall 75% in February The U.S. Mint sold 1,215,000 American Silver Eagles in February. February sales of Read More →

Canadian Mint Restates Financial Results as Silver Sales Fall

canadian mint silver sales 2004 - 2016 (through third quarter)

Third Quarter 2016 Canadian Mint Silver Sales Fall 36% in Third Quarter 2016. The Royal Canadian Mint Sold 6.1 million ounces of silver in the third quarter of 2016. Third Quarter 2016 Canadian Mint silver sales fell 36% year over year in Q3 2016 from 9,500,000 ounces sold in the same quarter in 2015. First Read More →

There is no Global Currency – Donald Trump

Global currency

I view gold as the primary global currency- Alan Greenspan. Trump and Greenspan Clash Unknowingly. Don’t Bet on the SDR while Trump is in office. French Nationalist Marine Le Pen favored to win first round of Presidential Voting in April. Le Pen would take France out of the Euro. Dutch Nationalist Geert Wilders is expect Read More →