It's not quite the non-fiat singularity just yet: for that to happen, one should be able to buy gold with bitcoin, and bitcoin with gold... but thanks to Apmex, the world's largest online retailer of precious metals, one can now cross out one half of the missing links, because as of yesterday Apmex is now accepting bitcoin.
From the company's statement:
Back in May, we first reported that Goldman became the first bank to dare to ask if the Fed has lost control of the market, if in slightly more polite terms of course. This is how Jan Hatzius phrased it: "Despite two rate hikes and indications of impending balance sheet runoff, financial conditions have continued to loosen in recent months.
Authored by Jeffrey Tucker via The Foundation of Economic Education,
By Chris at www.CapitalistExploits.at
Have you ever asked yourself what happens when you place a trade?
I hadn't given it much thought until about 10 years ago when something happened which opened my eyes to a single company that holds what is probably the most concentrated risk position in the US market.
Here's what happened...
Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,