investment

Conference Board Fears Front Running Ahead of Its Economic Data; 250 Millisecond Edge

"The Conference Board will no longer provide its economic reports in advance to news organizations because it suspects the data is being diverted early to computer-driven trading systems, reports AP. The private research group has provided its monthly data to reporters 30 minutes before the information is publicly released. The early access to the data has allowed journalists to prepare news reports ahead of the information's public release at 10 a.m. Eastern time. Starting Tuesday, the Conference Board's data will be released to everyone simultaneously." Continue reading →

Continue ReadingConference Board Fears Front Running Ahead of Its Economic Data; 250 Millisecond Edge

Ron Paul’s Choice for Fed Chairman James Grant on Gold & Silver’s Latest Sell-Off

"As gold & silver prices tumble to 2.5-year lows in a wake of panic selling following a disappointing Fed Outlook & statement by Bernanke, as well as less-than-ideal Chinese economic data, Kitco News speaks with James Grant, editor of "Grant's Interest Rate Observer" about the carnage in gold & silver markets. In a previous interview, (then U.S. Congressman) Dr. Ron Paul told Kitco News that he would appoint Grant as Fed chairman; hear what Grant would do differently than Bernanke to help the US economy. Kitco News, June 20, 2013." Continue reading →

Continue ReadingRon Paul’s Choice for Fed Chairman James Grant on Gold & Silver’s Latest Sell-Off

Erik Voorhees: financial independence through gold and Bitcoin

"Félix Moreno talks to Erik Voorhees about Bitcoin, gold and the nature of money. They discuss the properties that make good or bad money and how both Bitcoin and precious metals are decentralised (a plus), while fiat money systems are centrally planned. They talk about free speech, property rights and liberty, and the role that money plays in these." Continue reading →

Continue ReadingErik Voorhees: financial independence through gold and Bitcoin

Jim Rogers: “Thank Goodness” For Gold’s Correction

"Kitco News asks Jim Rogers his take of current events like Deutsche Bank's new gold depository in Singapore and the two new Chinese ETPs. Rogers also talks about how India's Finance Minister Chidambaram repeatedly urges the public to stop buying gold, stating heavy gold imports hurt the Indian economy. Finally, Rogers says that the gold correction in April was necessary for gold to avoid an even worse crash. Despite the April selloff, Rogers is still purchasing gold, silver, platinum and palladium. In regards to Roubini's bearish comments on gold earlier this month, Rogers says he'll ignore those predictions. Kitco News, June 17, 2013." Continue reading →

Continue ReadingJim Rogers: “Thank Goodness” For Gold’s Correction

Central Bank Injects Cash After China Money Rates Jump to Records

"The People’s Bank of China added 50 billion yuan ($8.2 billion) to the financial system today after a cash squeeze drove money-market rates to record highs. The sum was supplied to a single lender through 'targeted liquidity operations' and more banks were in talks to obtain financing. A PBOC press official said he was unaware of the matter. Bank of China Ltd. announced on its microblog that it made all payments on time today and has never had a capital default. A spokesman for Industrial & Commercial Bank of China Ltd. declined to comment on whether the lender received any financing from the central bank." Continue reading →

Continue ReadingCentral Bank Injects Cash After China Money Rates Jump to Records

India: Emerging from Poverty or Stuck in the Past?

"India's problems are a result of the country's collectivist system, which detaches people from the consequences of their actions. Economic feedback in India is warped – costs are socialized, while benefits are not. Trickery and heavy-handedness are the norm in India, and they work. Real wealth creation feels unnecessary. From an individual's point of view, time and capital are better spent making political connections and offering bribes, both of which are more lucrative and efficient than making an honest living. India has been like this for forever. There has been nothing to shake India from its philosophical slumber and force its citizens to re-evaluate outdated precepts." Continue reading →

Continue ReadingIndia: Emerging from Poverty or Stuck in the Past?

U.S. now has most Spanish speakers outside Mexico

"Latinos are now the largest minority in the United States at 52 million people, 50 percent more than a decade ago, according to the Pew Research Hispanic Center. Except for Mexico, that is more Spanish-speakers than in any country of Latin America, and projections are that the figure will triple by 2050, when one of every three people in the US will be of Latino origin. A record 12.5 million Hispanics voted in the November 2012 election in which Barack Obama won a second term. He took 71 percent of the Latino vote." Continue reading →

Continue ReadingU.S. now has most Spanish speakers outside Mexico

Bitcoin In IRS Crosshairs, Says Government Report

"There is confusion whether transactions in Bitcoin should be treated as property, barter, foreign currency, or a financial instrument. How you see it can determine the tax treatment. Barter transactions may be the most logical treatment, but not everyone agrees. Besides, even without Bitcoins or other exotica, bartering transactions are inherently under-reported. And then there is tax basis. If you sell something for less than you paid, you shouldn’t have gain. That’s true in U.S. dollars or in Bitcoin. If you sell something at a garage sale, you may or may not have income. Brave new world? GAO and IRS don’t think so." Continue reading →

Continue ReadingBitcoin In IRS Crosshairs, Says Government Report