Jim Sinclair sees German gold repatriation as ‘beginning of the end’ for US dollar

The Silver Doctors have posted an email from Jim Sinclair sent to his subscribers. In the email he compares the reports of Bundesbank’s repatriation of its gold holdings from the Fed to Charles De Gaulle ‘calling the hand’ of the US its obligation to convert French held dollars into gold.

History will look back on this salvo fired across US war financing as being the beginning of the end of the US dollar as the reserve currency of choice.”

Today’s report, if true, is a salvo fired at the concept that the USA has all the gold it claims and all the gold it stores for others. If true, this event is the most important gold development since Charles De Gaulle called the US hand that it would stand by convertibility which many then assumed it could not because even then the amount of gold held was publicly questioned.”

Read the email here.

GATA Fundraiser and Sovereign Social Jan 19th in Vancouver

The members and shareholders of The Sovereign Exchange will be in Vancouver on Saturday afternoon, January 19th, at 4:00 PM, for a private networking event with Chris Powell and Bill Murphy, Secretary and Chairman of The Gold Anti-Trust Action Committee, who will speak about their most recent efforts to influence transparency in the metal’s markets.

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Introducing the DGC Digital Currency Wiki

In keeping with our goal of being the best source for news and information on monetary alternatives, we have created the DGC Digital Currency Wiki.

We plan for this wiki to be a source of information on different digital currencies, currency providers, supporting technology, terminology, digital currency structures and business models, etc.

The plan had been for the Wiki to contain a large amount of content prior to announcing it. However, it seems that I have a chronic problem with dramatically over estimating the amount of time in the day. As such, we are introducing it now and will continue to add content when we can.

Editing can only be done after registration for spam avoidance purposes.

-Julia

Voucher-Safe, a Next Generation Digital Currency – Part II

Part I looks at the motivation behind Voucher-Safe, the evolution of digital currency and how Voucher-Safe transactions work.

In this part we examine the Voucher-Safe economy, trust, security and software.

Continue reading “Voucher-Safe, a Next Generation Digital Currency – Part II”

Can’t keep Indians from their gold

In 2011 Indian’s imported a record 969 tons of gold.  Imports have more than doubled since 2008.

In India gold is still seen as money and is commonly purchased for savings. According to the All India Gems & Jewellery Trade Federation  “In a country like India, there is no scheme for social security, and investment in gold is like social security.”

As the rupee weakens and the country’s current account deficit grows, 80% is attributed to gold imports, the Indian government is trying a number of methods to reduce demand. But try as they might, they can’t seem to keep Indians from their gold.

Continue reading “Can’t keep Indians from their gold”

WebMoney now available in Turkish and Portuguese

“The number of languages WebMoney Transfer system supports has been extended. Now websites, services and WebMoney applications are available in Turkish and Portuguese.”

“Moreover WebMoney users living in Brazil, Turkey, Portugal and other countries, which together number 70 mn citizens speaking Turkish and 200 mn of Portuguese speaking residents, now get financial and technical support provided in their native languages.”

WebMoney is now available in Russian, English, Spanish, Portuguese, Chinese, Turkish, Vietnamese and Indonesian.

From the WebMoney blog.

 

Bitcoin Non-Technical FAQ

Oleg Andreev, a software developer and Bitcoin blogger has compiled a list of non-technical answers to common Bitcoin questions.  It’s a good read for those new to Bitcoin or for anyone who wants a better understanding of how Bitcoin works without having to learn programing jargon.

The FAQ list covers common questions such as…

Who creates bitcoins?

How do I use Bitcoin?

What do miners do exactly?

How are transactions secured?

Is Bitcoin anonymous?

 

Read it here.