Many long-time TDV readers and subscribers know about bitcoin. I began telling them it was important in 2011 at $3 and many have made millions because of it, even at its current level of $230 (after hitting a high of over $1,000 in late 2013).
London dealing in gold saw prices retreat toward last night's new four-month lows Thursday morning, failing to rally above $1,250 per ounce as world stocks markets held flat following publication of minutes from the U.S. Federal Reserve's last policy meeting.
Wholesale prices in Asia and London for physical gold slipped again Thursday morning, dipping back below $1,300 per ounce as politicians in Washington mulled a short-term fix to avoid the $17 trillion debt ceiling triggering a government default in one week's time.
Wholesale London prices for physical gold jumped $15 from a drop to $1,384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia reported two "objects" being fired in the Mediterranean, towards the sea's eastern coast.
With the Federal Reserve intent on holding the federal funds rate at 0%-0.25% until unemployment falls to 6.5%, or even 6.0%, U.S. savers require patience – it could be up to two years before any increases in short-term interest rates.