Commodities Dealer Accepting Bitcoin for Gold

The revelations by Edward Snowden about the illegal wiretapping being carried out by the U.S government have made it clear that privacy is becoming a rare commodity. One company is taking that “commodity” notion literally. Agora Commodities is the first gold, silver, platinum, and palladium dealer accepting Bitcoin for bullion. We already know that you can buy Reddit Gold with it. This is the real thing.

Bitcoin, if you recall, is an untraceable digital “currency” based on increasingly complex mathematical formulas. The currency is extremely volatile, subject to even daily wild swings in value. It is not regulated by any official government organization. And can be used for all manner of illicit trafficking, especially on underground site like the Silk Road, a popular place to score illegal goods.

By taking Bitcoin as payment for a physical commodity, Agora is giving high-risk speculative traders one more way to play the market. And the added bonus is that the transaction can be 100% anonymous. The risk of using such a currency, especially now that it can be transferred to precious metals, raises all sorts of questions about money laundering, organized crime, theft by hackers, and whether terrorists will see this opportunity before regulators get their hands on it.

But the company is going even deeper into anti-spying territory than that. They are offering their customers encrypted service for all their digital correspondence.

Joseph Castillo, President of Agora Commodities commented, “In today’s world, privacy is quickly turning into one of the people’s most precious commodities. I was inspired by an ISP provider in Utah that refused to give his customers data over to authorities when it was not properly requested with a warrant. Agora Commodities first and foremost respects its customers’ privacy. This was the best way to show that respect”.

Questions about Bitcoin are already being asked in earnest in the halls of government around the world. But for now, we find ourselves in one of those heady days where something is loose in the world that has not yet been clamped down on and regulated. There are millions to be made, and someone sitting in a basement somewhere is hacking out the way to do it.

Source: http://www.webpronews.com/commodities-dealer-accepting-bitcoin-for-gold-2013-07

Silver Set To Advance A Remarkable 800% From Current Levels

With continued uncertainty in the gold and silver markets, today a 58-year market veteran told King World News that silver will advance roughly 800% and gold is set to soar over $3,000 from current levels.  Ron Rosen, who has been at this business for almost six decades, also spoke about the mining shares..

Eric King:  “Ron, you’ve been doing this for 58 years, where are we right now as you see it in the gold and silver bull markets?”

Rosen:  “We are on the verge of the biggest move in the history of the precious metals market, and it’s not far away from beginning.  It’s going to be a monster move….

“What I don’t understand is why everybody doesn’t see it.  There are so many analysts out there and if they just knew how to look at a monthly chart, and put it in a logarithmic form, they would see that gold and silver are going to explode.

This explosion higher in the price of gold and silver will just be Mother Nature at work, and there is nothing on the face of this Earth that can stop it — no individual, no central bank, no country, and no collection of countries.”

Eric King:  “You went through the bull market of the 1970s.  How do you think this market will compare to that one?”

Rosen: “It will outperform it to such an extent that it will almost be beyond belief.  We are looking at a massive move in front of us that will top sometime in 2014.  At that point there will be a correction.  Then, a massive blowoff will take us probably into early 2016.  People who have been tortured by this long corrective phase, they will be thrilled if they have the ability to hang on.  They just need patience here.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/15_Silver_Set_To_Advance_A_Remarkable_800_From_Current_Levels.html

Here Is The Summer Catalyst Which Will Launch Gold Higher

On the heels of the release of the Fed minutes, and with crude oil trading above $105, today a legend in the business spoke with King World News about what is taking place in the gold, silver and bond markets, as well as what is taking place in Europe. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also cautioned that we should expect to see more fireworks coming out of Europe this summer which will impact the gold market.

Barron: “Today the FOMC minutes came out for June. The gold price bounced briefly before retreating. Clearly it scares all market participants if the word ‘tapering’ gets mentioned. The bottom line is that most Fed members were still in favor of continuing with QE because the job market continues to be weak.

When Bernanke was interviewed about the effects of QE, he was asked why interest rates were going higher? He responded by saying he ‘was puzzled.’….

“Well, to anyone who understands economics, when you print massive amounts of money it always results in higher interest rates over time. It’s only because of government interference that bonds held up as long as they did. The bond market had also been resilient for a longer period of time because of the fact that the economy is not really in stagflation or deflation, it’s really in a depression.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/10_Here_Is_The_Summer_Catalyst_Which_Will_Launch_Gold_Higher.html