Money Morning

Why Gold Prices Are Up Today

Untitled

Gold prices spiked today (Thursday), hitting a near four-month high in early trading. In the morning session, August Comex gold soared $20.20 to $1,355.50 an ounce, its highest level since March 19. Spot gold jumped $17.10 at $1,344.25.

Investing in Bitcoin with $18 Million: Why Tim Draper Did It

Untitled

When a well-known venture capitalist like Tim Draper is investing in Bitcoin with some $18 million of his own money, there has to be a really good reason.

Draper was the sole winner of the 29,656 bitcoins auctioned off June 27 by the U.S. Marshals Service. Those bitcoins had been seized by the federal authorities that shut down the notorious Silk Road website last fall.

The post Investing in Bitcoin with $18 Million: Why Tim Draper Did It appeared first on Money Morning – Only the News You Can Profit From.