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Tuesday, March 7, 2017

Bitcoin and Gold Equal in Price As Venezuela Sell-Off Imminent

Bitcoin and Gold Equal in Price As Venezuela Sell-Off Imminent

Bitcoin became equal to gold Thursday as a future Venezuela sell-off may have influenced the precious metal’s 10 percent drop in value.

Exchanges indicate approximate both assets are now worth approximately $1,238.

The parity comes amid news that Venezuela’s national reserves are down to $10 bln, of which $7.7 bln is held as gold.

Having previously shipped gold to Switzerland to repay its debts, commentators are assuming a repeat performance in 2017 as the country struggles to pay off $7.2 bln in outstanding payments.

Full story at http://bit.ly/2lOqiUN

 

 

 

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