Here is this weeks pick of gold news for the week ending 10 August, 2018.

Gold News Around The Web

Fewest gold sellers since Aug ’08 on price drop – [BullionVault]

Gold is not in a bear market, it’s just ‘out of favor’ for now – ScotiaMocatta – [Kitco]

Panel formed to create domestic gold council – [India Times]

The treasure-hunting team behind the dig for a Nazi gold train have split – [News]

Korean police raid firm in fraud ICO probe of $130 billion shipwreck – “South Korean police have raided the office of the company that claims to have discovered the shipwreck of a Russian pre-World War 1 battleship carrying $130 billion in gold bars and coins.” [CCN]

Gold-backed crypto news

The First Asset Backed Crypto Summit will be held in Lisbon on 28-29 September, 2018. The conference will cover various topics on blockchain technology and how tokens are using assets (such as gold) to secure its value.

Torokina – a cryptocurrency with a dream to ‘rescue’ Papua New Guinea – “One way to ensure the stability and attractiveness of Torokina is to take advantage of Papua New Guinean’s natural endowment and peg Torokina to the price of gold.” [Asia Pacific Report]

See the complete list of gold-backed cryptocurrencies.

For the easiest (and safest) way to buy gold with bitcoin go to Vaultoro.

James Clark

James Clark is the editor of Originally from Melbourne, he has been a digital nomad since 2003, running a location independent business while travelling the world.

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