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Is bitcoin a better hedge, freer from government market rigging than gold?
8:23a ET Sunday, March 31, 2013
Dear Friend of GATA and Gold:
Is bitcoin a better hedge against currency devaluation than gold is because its issuance is tightly regulated and the market for it is less vulnerable to manipulation by government?
Some of gold's friends seem to be starting to think so, like Trace Mayer, proprietor of RunToGold.com, who has written about bitcoin and GATA in the new issue of Bitcoin magazine --
http://www.amazon.com/Bitcoin-Magazine-Issue-February-2013/dp/1622096703/
-- and last week was interviewed about the digital currency on the BBC Newsnight television program --
http://bitcoinmagazine.com/bbc-newsnight-bitcoin-segment-daniel-knowles-...
-- and on the Financial Survival Network's Internet site:
http://financialsurvivalnetwork.com/2013/03/trace-mayer-kenton-ralph-toe...
Meanwhile, writing for Bloomberg BusinessWeek, computer programmer Paul Ford isn't sure whether bitcoin is the currency of the future or a joke, but concludes that, for the moment, anyway, it works as a currency that requires no trust in government. Ford's commentary is headlined "Bitcoin May Be the Global Economy's Last Safe Haven" and it's posted here:
http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-globa...
Of course if bitcoin continues to succeed, government isn't likely to leave it alone in a free market for long. While GATA's hands are more than full, maybe soon there will be a need for a Bitcoin Anti-Trust Action Committee as well.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
and which stocks to buy now
Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.
Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.
To learn about this report, please visit:
http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...
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http://www.goldrush21.com/order.html
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http://gata.org/node/wallstreetjournal
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:
http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata
