Bitcoin Magazine: Interview With GLBSE’s James McCarthy/Nefario
Earlier today Bitcoin Magazine posted the below interview with GLBSE founder James McCarthy (Nefario).
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Bullion Vault: Iran Arrests Gold Coin Dealers in Bid to Support Rial
Police in the Iranian capital of Tehran closed the city’s open currency market and arrested up to 100 people at the weekend, including Gold Coin dealers according to local reports.
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Bitcoin Stock Exchange Shuts Down Suddenly
GLBSE is a stock exchange for shares of companies denominated in Bitcoins. Late last week, without warring, the exchange was closed. “Nefario”, the owner of the website, shut it down with no explanation given.
Singapore Scraps it’s 7% Tax on Gold and Silver
Singapore scraps it’s 7% tax on gold and silver in an effort to turn the city into a precious-metals trading hub to rival London and Zurich. “There has been a dramatic increase in customers wanting to move out of paper, that is over-the-counter gold, and into physical,” said Cedric Chanu, director, Asia precious-metals trading at Deutsche Bank. “We’re seeing customers wanting to move their gold from Europe into Singapore.”
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Capital Controls: IEEPA, Gold and Argentina
Bad economic times and capital controls go hand in hand. In 1933 FDR used Executive Order 6102 to confiscate US citizen’s gold as mentioned in the above video. The International Emergency Economic Powers Act (IEEPA), means the same thing could happen again today.
Extreme capital controls aren’t just a possibility, they are a reality in a many parts of the world, particularly Argentina.
How to Spot Fake Gold & Silver Bars
Earlier in the week this story of a fake 10 Oz gold bar found in Manhattan’s jewelry district hit the web.
If you’re worried about your gold or silver, there is an easier way to spot a fake than drilling into your bars. Ultrasonic gauge thickness testing.
Bits and Pieces 10thSep
So much to blog about, so little time.
WebMoney, FBI surveillance, encryption and Thomas Jefferson, GoldMoney, and more.
Not a Good Publicity Day for Bitcoin
Yet another Bitcoin business shuts down after a large heist and someone is claiming to be holding Mitt Romney’s unreleased tax returns hostage in return for $1million in Bitcoin.
Monetas is bringing ‘banking’ and business tools to the worlds mobile phone users with two new products.
Monetas is a digital finance company run by Johann Gevers and “Fellow Traveler” Chris Odom, the creator of the OpenTransactions open source software. The aim of the business is to build high-end applications using the OT software, and they have just announced two new products.
New Debit Cards Offer Options but Come with Compromises
Euro Pacific Bank’s gold debit card has been available since late last year and now BitInstant has a Bitcoin backed debit card in the works.
While these are wonderful new innovations that no doubt will help alternative currency users, the current options come with catches as they are compromises between the old fiat system and their more innovative alternatives.
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