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Telsa buys $1.5 billion in bitcoin and wants to buy gold too
'Elon Musk's Tesla Buys $1.5 Billion of Bitcoin Causing Currency to Spike
From BBC News, London
Monday, February 8, 2021
Elon Musk's car firm Tesla has said it bought about $1.5 billion (L 1.1billion) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in the future.
The news caused the price of Bitcoin to jump 17% to $44,220, a record high.
Tesla said it was trying to maximise returns on cash that is not being used in day-to-day running of the company.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
It comes days after Mr Musk added "#bitcoin" to his Twitter profile page, which drove up the price.
He removed it days later, but has continued talking up Bitcoin and other cryptocurrencies, including Dogecoin, which jumped 50% after his endorsement.
In a stock market filing, Tesla said it "updated its investment policy" in January and now wanted to invest in "reserve assets" such as digital currencies, gold bullion, or gold exchange-traded funds.
It said it had already bought $1.5 billion of Bitcoin and could "acquire and hold digital assets" in the future. ...
... For the remainder of the report:
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