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Gold is surging to two-year highs. But does the rally have legs? Gold is surging to two-year highs. But does the rally have legs? 19 Hours Ago | 02:30 Gold soared to two-year highs this week as uncertainty rattled the market. The bull run isn't over yet, says one strategist. "I am a buyer. I really do like it," Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC's "Trading Nation" on Wednesday. It's "retaking its mantle as the key defensive asset against bitcoin, which has certainly suffered a lot over the last couple of months." As...

A family of Venezuelan immigrants to Colombia are repurposing their worthless bolivars into origami-made paper wallets, belts and even purses as the currency plunges further in value amid four-digit inflation. Each collector item produced by Richard Segovia fetches between $10 and $15 — a huge markup from the pennies that bolivars retrieve on Venezuela's black market.

Many modern East Asian currencies have roots in Ming dynasty trade and Chinese traders’ faith in the Mexican silver dollar. Attempts to dislodge it, such as the Hong Kong-minted silver British dollar, were not always successfulAt the antiques market near the old Qingjing mosque in central Quanzhou, a city in China’s south-eastern Fujian province, it is sometimes possible to purchase unusual silver objects that reveal much about the currencies in circulation in East Asia today. On one stall, crammed with opium pipes, blue-and-white ceramics and jade trinkets, is a small, dome-shaped lump of metal in a rusty tin box. It...

The official value of the shekel slipped an average of .023 percent on Monday in mixed trading against the featured currencies on the Bank of Israel's foreign-exchange list. The United States dollar was fixed at NIS 3.442, up .35 percent from Friday, while the Euro declined .056 percent to 4.2819 shekels, and the pound sterling was set at 4.8348 shekels, down .932 percent ...

Bitcoin prices plunged sharply to below $11,000 on Friday, shedding a third of its value in just 24 hours, according to data from CoinDesk.com. It later rebounded slightly to around $12,000 — but that’s still a stunning 25 percent less valuable than bitcoin was Thursday morning. Prices had approached $20,000 as recently as Sunday. The turbulence comes on the back of a few days of bad news for bitcoin, which has still soared by more than 1,000 percent since the start of the year. On Thursday, a bitcoin spinoff called bitcoin cash was suspended from one of the most popular...

Full title: Coinbase, one of the biggest bitcoin marketplaces, says buying and selling is temporarily disabled amid price rout Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that trading was temporarily disabled amid a price rout in cryptocurrencies. "Investigating - All buys and sells have been temporarily disabled. We are working on a fix and apologize for any inconvenience," Coinbase said on its status website at 11:11 a.m., ET. The company added in a subsequent statement that "due to today's high traffic, buys and sells may be temporarily offline. We're working on restoring full availability as...

Ripple briefly retook its place as the third-largest cryptocurrency, with a market value of $47 billion, a milestone it reached earlier this month.

Goldman Sachs is planning to get into the business of trading digital currencies such as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter. "In response to client interest in digital currencies, we are exploring how best to serve them," a Goldman spokesperson said in a statement to CNBC about the report. The new trading desk would "make markets" in the cryptocurrencies and is set to get up and running by the end of June, if not earlier, two of the sources said in the report. The bank is still trying to work out security issues on how...

Almost half of Germans what to see the Deutsche Mark restored, with just 41 per cent saying they want to keep the euro. The YouGov-Institute survey, commissioned by the newspaper Bild, found that 49 per cent of Germans want their nation to have its own, independent currency again. Meanwhile, 41 per cent of those questioned wanted to stay with the euro, the single currency of the European Union (EU). Nearly 77 per cent of the 1,068 Germans quizzed thought they had not profited from the adoption of the euro currency. A decisive 60 per cent said they would vote against having...

Landing a job in the world of cryptocurrency has become a lot easier over the past few months. Given the surge in the popularity of Bitcoin and most tokens, that is not necessarily surprising. As it turns out, there are two main reasons as to why the number of job openings in this industry has increased exponentially. Whether or not these trends will remain in place a year from now remains to be seen, though. 1. Initial Coin Offerings Although most people have no love lost for the ICO industry, no one can deny a lot of jobs are created...

As President Trump is in deep contemplation on the North Korean dilemma, he understands that the military might of the United States is now also its currency. Nations around the world are being led by China and Russia to remove the US dollar as the primary world reserve currency. This is a gang-up against the United States to destroy its long-held standing as the number one world economic power. But how does this current economic battle to circumvent the US dollar affect President Trump’s decision to show North Korea the military might of the United States? If the United States...

Today Russian President Vladimir Putin declared war against the hegemony of the U.S. Dollar. Of course, he couched the declaration in a statement saying Russia would work to counter the ‘excessive domination’ of certain reserver currencies. The comments were published in an article in the runup to the BRICs summit scheduled to begin Sept 3 in China. “We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies. We will also work towards a more balanced distribution of quotas and voting shares within...

WASHINGTON — Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman’s future on the $20 bill could be in jeopardy. In a CNBC interview, Mnuchin on Thursday avoided a direct answer when asked whether he supported the decision made by the Obama administration to replace Andrew Jackson on the $20 bill with Tubman, the 19th century African-American abolitionist who was a leader in the Underground Railroad. “People have been on the bills for a long period of time,” he said. “This is something we’ll consider. Right now, we have a lot more important issues to focus on.”

WASHINGTON -- Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman's future on the $20 bill could be in jeopardy. Mnuchin is avoiding a direct answer when asked whether he supports the decision made by the Obama administration to replace Andrew Jackson on the $20 bill with Harriet Tubman, the 19th century African-American abolitionist famous for the Underground Railroad. During last year's campaign, Donald Trump praised Jackson, the nation's seventh president, for his "history of tremendous success" and said the decision to replace him with Tubman was "pure political correctness."

U.S. Treasury Secretary Steven Mnuchin will check out the nation’s gold stash when he pays a rare official visit to Fort Knox on Monday -- while keeping an open mind for future film projects. “I assume the gold is still there,” the former Hollywood producer joked to an audience in Louisville, Kentucky, 40 miles (64 km) north of the U.S. Bullion Depository. “It would really be quite a movie if we walked in and there was no gold.” Fort Knox has been seared into the public imagination since the 1964 James Bond movie “Goldfinger,” in which the British spy, played...

All the war talk is turning out to be great for bitcoin. It's been on fire since January, 2017 when it for the first time reached $1,000 U.S. Dollars. It's now worth 3 times the price of gold. I bet it will be up to $5,000 in early September and over $7,000 by the end of October. We will see how it plays out.

The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti. ... US President Donald Trump approved the law imposing new restrictions on the Russian banking and energy sectors.... The new law will punish individuals for investing more than $5 million a year or $1 million at a time in Russian energy export pipeline projects or providing such enterprises with services, technology or information support.

An experimental penny made of glass during World War II is about to be auctioned. Owner Roger Burdette says the coin is the only known unbroken glass penny in existence. During the war, copper was needed for ammunition. The U.S. Mint authorized tests that included making uncirculated pennies from other metals, plastic and rubber. The Blue Ridge Glass Co. in Tennessee made experimental pennies using tempered glass. Burdette says the impressions on the coins weren't precise, the weight and size weren't uniform and the coins developed sharp edges that cut fingers. He says they were likely destroyed. He says only...

Some people don’t know that two dollar bills are real, so when Mike Bolesta used over 50 of them to make a purchase at a Best Buy store, an encounter with the police and Secret Service ensued. VIDEO