Silver as an investment

Category Archives: Bitcoin

Crypto-Currency Calm Before The Storm

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com, The United States (and the world) has been using the worthless fiat federal reserve note that is not backed by any true tangible asset.  The only backing is not even the “full faith and […]

Bitcoin Tests $5,100

sunshineprofits.com / MIKE MCARA / OCTOBER 20, 2017 There’s been some talk of gold becoming an alternative to gold. Goldman Sachs doesn’t seem to agree. In an article on CNBC, we read: Cryptocurrencies like bitcoin are not the “new gold,” Goldman Sachs said in a note, advising investors that precious metals “remain a relevant asset class” in portfolios. […]

Bitcoin Prices Climb Nearly 5% Thanks In Part to Australia Ending Double Taxing

wallstreetexaminer.com / by Garrett Baldwin via Money Morning / October 19, 2017 Bitcoin prices today climbed nearly 5% and reversed course from yesterday’s downturn in part because of a new legislation in Australia. Australia’s new legislation will end a double tax on Bitcoin purchases starting in July 2018. Australians have been paying a “goods and services tax” (GST) on top of capital […]

The Next Generation Of Currency Wars: Private Vs State-backed Crypto

Authored by Tho Bishop via The Mises Institute, Recently Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies.  When announcing the move, Minister of Communications Nikolay Nikiforov acknowledged that it was in part inspired by the aim of getting ahead of other governments: I confidently […]

The World’s Largest ICO Is Imploding After Just 3 Months

Earlier this summer, Tezos smashed existing sales records in the white-hot IPO market after the company’s pitch to build a better blockchain for cryptocurrencies made it one of the buzziest ICOs in the world. As we noted at the time, the company capitalized on that buzz by courting VC firms and other institutional investors with […]

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Since the addition of the Chinese renminbi (RMB), i.e. Yuan, to the IMF’s SDR basket of reserve currencies last October, more than 60 countries and regions have added and adopted the renminbi as a new reserve currency, according to the latest report on renminbi internationalization by the People’s Bank of China. As a reminder, one […]

Where Trump is failing to fix the economy with monetary policy

(Elite E Services) 10/17/2017 — Dover, DE — It’s no secret that the US economy has diverged into a massive 2 world system where there is also a massive gap in between; the employed and the wealthy have increasingly good lives while the poor and unemployed have a deteriorating quality of life.  As we have […]

“Long Nasdaq” Takes Over From “Long Bitcoin” As Wall Street’s Most Crowded Trade

Last month, Bank of America’s survey of active investors revealed something striking: for the first time in history, the response to what the professional community perceived as the most crowded trade on Wall Street, was “Long Bitcoin” (according to 26% of respondents), followed by “Long Nasdaq”, while “Short US Dollars” was in third spot. One […]

Myths About Bitcoin That Must Die

Authored by Marcuss via ValueWalk.com, If you know anyone who spent some time in the United States in the 1970s and 1980s (or if you did), ask him or her about Life cereal, Mikey, and pop rocks. You may get a look of bewilderment. Or, you may get a knowing chuckle and an “Oh yeah, […]

The one way governments could actually kill Bitcoin

sovereignman.com / Simon Black / October 16, 2017 Something pretty miraculous happened recently. It appears that Jamie Dimon, CEO of JP Morgan Chase, went nearly TWO WEEKS without bashing Bitcoin. This must be a record for Mr. Dimon, who seems to have barely been able to last an hour without calling out Bitcoin as a “fraud”, or […]