The #Bitcoin Bubble Could Lead to a #Recession. The Bitcoin Bubble Could Lead to a Recession. A reported endorsement from Square Inc.
(NASDAQ:SQ) seemed to give the bitcoin bubble new momentum on Nov. 17, as the price nearly cracked $8,000 per coin. The dominant cryptocurrency, with 57% of the industry’s market cap, was at $1,000 in January. Why #Banks Rob Depositors: "Because That's Where the #Money Is" Why Banks Rob Depositors: "Because That's Where the Money Is" Institutional #PreciousMetal Mining #Investors are Becoming Restless. Institutional Precious Metal Mining Investors are Becoming Restless. During the Sep. 2017 Denver Gold Forum, a twenty-six page slideshow entitled “Gold Equities: Myths, Dreams and Reality” was presented by Paulson & Co. partner Marcelo Kim, speaking on behalf of the firm’s founder, John Paulson.
Will Shareholder Activism Tame The Gold Miners? _ – SeekingAlpha, Sep. 2017_ In addition to holding gold mining shares, Paulson’s position in $GLD as of Mar. 31, 2018 was 4,320,022 shares. During gold’s price run to its 2011 high, Paulson made an estimated $5 billion on his precious metal investments and remains a solid gold bull to this day, despite the bear phase that transpired up until the Dec. 2015 low, where it appears that gold finally entered another primary bull accumulation phase. The presentation given by Marcelo was chock full of nasty data and notes, pointing out that up until 2017, average shareholder returns on their gold mining investments were at -65% since 2010.