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 Goldscape.net. Originally from Melbourne, he has been a digital nomad since 2003, running a location independent business while travelling the world.

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