Episode 130 – There’s No Such Thing as a Free Lunch… or College

UBS Chairman loves the blockchain, hates bitcoin. Gold buying spree in China and elsewhere as the price is down. Venezuela threatens hoarders with jail time as conditions worsen. Bitcoin: be your own bank. College education can’t possibly be free, someone is going to pick up the tab.

 

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Traditional Market

Gold $1084

Silver $14.28

Oil $40.73

DOW 17,245

US 30y Treasury 3.056%

Crypto Markets

BTC $323

LTC $3.05

ETH $0.99

News

UBS Chairman: Bitcoin Currency Will Fail, Has No Lender of Last Resort

http://www.financemagnates.com/cryptocurrency/news/ubs-chairman-bitcoin-currency-will-fail-has-no-lender-of-last-resort/

Gold buying spree in China

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/11989749/Gold-price-fall-and-market-panic-sparks-bullion-buying-spree-in-China.html

http://www.businessinsider.com/china-on-gold-buying-spree-2015-11

Venezuela threatens hoarders

http://panampost.com/sabrina-martin/2015/11/12/hoarders-face-10-years-in-jail-under-venezuelas-fair-prices-law/

Bitcoin Bank

http://techcrunch.com/2015/11/12/nextbank-aims-to-be-the-first-all-bitcoin-financial-institution/

Bitcoin Core

http://www.newsbtc.com/2015/11/13/bitcoin-core-0-11-2-candidate-released/

Weak Jobs Report

http://www.politico.com/story/2015/09/the-fed-economy-interest-rates-213282

Bitcoin overtakes yuan on Google trends

http://themerkle.com/news/bitcoin-overtakes-yuan-on-google-trends/

US Backs Adding The Yuan to Special Drawing Rights

http://www.reuters.com/article/2015/11/13/imf-china-yuan-usa-idUSL1N13830O20151113?feedType=RSS&feedName=usDollarRpt

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