Currency
Fourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency.
“We started because we wanted to learn something new about technology – and also make some money along the way,” Ishaan tells CNBC Make It.
And they have.
Each month, the siblings make over $30,000 mining three digital coins: Bitcoin, the largest cryptocurrency by market value; ether, the second-largest; and ravencoin, an altcoin amid the top 100, Ishaan says…read more.
The gold market continues to see lackluster demand even as the price holds support above $1,800 an ounce. However, one market strategist said that sentiment could start to shift to the bullish side once again before the end of the month.
In an interview with Kitco News, Robert Minter, director of investment strategy at Aberdeen Standard Investments, said that it will soon be clear that the ongoing COVID-19 pandemic and the growing threat of the Delta Variant will continue to weigh on the U.S. labor market, which is a critical element to the Federal Reserve’s plan to reduce its monthly bond purchases.
He added that any delay in the Fed’s much-anticipated plan will be positive for gold prices. He said that another component of the labor market is if workers are still unemployed, the U.S. government could be forced to launch a new stimulus package…read more.
Quote of the Week
A well known climate activist says overstating the dangers of climate change will backfire.
Goofy Award
The doctored, misleading campaign video is not the biggest problem when it comes to healthcare.
Mike talks about our biggest election concern. A must hear interview with super strategist, James Thorne on the election, inflation and the key trends driving the future. Plus don’t miss the quote of the week as a leading climate activist says enough of the over the top threats – and the goofy on the biggest head shaker of the election so far.
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Mike’s Comment
Posted by Michael Campbell
on Sunday, 29 August 2021 9:47
Successive polls make clear that the public may express it in different ways but when it comes to our top election concerns – it all adds up to the same thing.