Bitcoin Bounces Back! – Morning Linkfest (May 30)

When the world goes to hell in handbasket, gold could be your portfolio’s best friend. Except owning gold is soooo last century. Today we have crypto-currency Bitcoin to get us through the economic mess … or buy fire-sale priced bedspreads on (OSTK). And after a series of mishaps earlier in the year, Bitcoin prices are starting to rise. So is it legit? Should you pay attention? CNN Money’s Assistant Managing Editor Paul R. La Monica has the rundown.

CNBC (Matt Clinch): Speaking of gold prices, the Federal Reserve’s tapering of bond purchases might be due for … uh, a taper, and that’d help out gold, says Morningstar five-star-rated fund manager John Hathaway.

All-Star Charts (J.C. Parets): You know what? Forget about gold. Palladium has the best technicals of them all.

WSJ/MoneyBeat (Neelabh Chaturvedi): Don’t bother watching the World Cup next month. Goldman Sachs already knows who’s going to win. Hint: It’s not Cameroon, Japan or Honduras. (Shara Tibken & Connie Guglielmo): Apple (AAPL) plans on injecting Beats with a hefty dose of “steroids.”

New York Times/Bits (Vindu Goel): Maybe it’s Apple that’s really getting injected with steroids. Beats co-founder and music executive Jimmy Iovine is already shaking things up in Cupertino. (Morgan Housel): You’re spending too much time tracking your portfolio and following financial news. The best way for average Joes to win? Let company profits and dividends accrue over long stretches of time. Preach.

Beyondbrics (Andrew England and Javier Blas): Africa has so much promise for investors, but can the continent ever be more than just a commodities paradise? Hopefully “inclusive growth” won’t be just a buzzword.

Quartz (Matt Phillips): Why you really shouldn’t focus on the revised and negative GDP growth in the U.S. during the first quarter.

The College Investor (Robert Farrington): In honor of 529 Day yesterday: Saving for your kids’ college can be a daunting task. But it can be as simple as Y-E-S.

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