Silver as an investment

Category Archives: Payment systems

“The Taps Are Gushing” Hong Kong ATM Withdrawals Surge As Facial Recognition Fears Spread

Amid a crackdown on unauthorized mainland currency outflows by forcing ATM users to undertake facial recognition before cash is dispensed in Macau, Hong Kong ATMs are reportedly being hit by a massive surge in withdrawals from China's UnionPay bank cards. As The South China Morning Post notes, the mainland has been strengthening regulations since last […]

Why Elites Are Winning The War On Cash

Authored by James Rickards via The Daily Reckoning, Visa recently unveiled its own offensive in the war on cash. Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future. Not surprisingly, Visa’s competitor is also part of the war on cash. Mastercard is increasing its efforts to encourage […]

Tom Lee: “Bitcoin Will Be The Best Performing Asset Through Year End”

Fundstrat Global Advisors analyst and former permabull – who recently became into one of Wall Street's biggest bears – Tom Lee, is a fan of bitcoin. The strategist, who recently turned "cautious on stocks", explained his bullish view on the digital currency during an appearance Wednesday on CNBC’s “Fast Money,” claiming that a single coin […]

Banks Are Scheming To Dominate A Future Cashless Society

Authored by Shaun Bradley via TheAntiMedia.org, Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments.  As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign. Under the guise of increasing transparency and efficiency, they’ve partnered with governments around the world to help […]

Should you own bitcoin or gold? That’s easy

Via The Daily Bell Gold bugs are rarely, if ever, bearish on gold. To them, it’s the only real currency in a world of money-printing central banks endlessly devaluing their fiat (that is, paper) currencies. There are few people who believe so fervently as gold bugs. But bitcoin fanatics come pretty close. These folks believe that this […]

Visa Begins Bribing Merchants To Stop Taking Cash

Authored by Yves Smith via Naked Capitalism blog, The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash (and […]

Mt. Gox Chief Denies Stealing $500 Million In Bitcoin As Trial Starts

Two-and-a-half years after the collapse of Mt. Gox ushered in a multi-year bear market in the world of digital currencies, the trial of former Gox chief executive officer Mark Karpeles began Tuesday in Tokyo.  Karpeles pleaded “not guilty” to charges of embezzlement and fraud stemming from the collapse of what was once the world’s most-active […]

Why Are Financial Advisors Keeping Quiet About A 25% Risk-Free Return?

Interested in precious metals investing or storage? Contact us HERE    Why Are Financial Advisors Keeping Quiet About A 25% Risk-Free Return? Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)       American financial advisors have tough jobs. It’s hard to keep clients happy when bond yields are near zero and stocks are trading […]

How Central Banks Intend To Fight CryptoCurrencies

Submitted by Louis Cammarosano of Smaulgld * * * Based on remarks to Bundesbank Policy Symposium in a Speech “Frontiers in Central Banking – Past, Present and Future” contain clues of the battleplan. What if they fail? As cryptocurrencies, which trade outside the banking system attract more capital, governments and central banks are devising ways […]

Central Banks Are Driving Many To Cryptocurrencies

Authored by Dmelza Hays via The Mises Institute, Two years ago, Bitcoin was considered a fringe technology for libertarians and computer geeks. Now, Bitcoin and other cryptocurrencies, such as Ethereum, are gaining mainstream adoption. However, mainstream adoption has been propelled by financial speculation instead of by demand for a privately minted and deflationary medium of […]