With cryptocurrency debit cards now a reality and no longer just a dream, how long will it be before Bitcoin becomes the dominant method of payment worldwide? According to recent reports, if Bitcoin continues its current pace of adoption it could gain more widespread adoption than its competitors within a decade. Visa, Mastercard, Paypal, and […]
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The numbers aren’t looking good for international trade. Industrial production, exports, and imports are all falling around the world. While President Trump gets a significant portion of the blame for that from the mainstream media, the fault isn’t entirely his. Yes, tariffs on Chinese and European goods have exacerbated trade disputes and worsened the trade […]
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According to the World Economic Forum, over 40 central banks around the world are eyeing the opportunities afforded by blockchain technology, many with an eye towards issuing their own digital currencies. But while studying the technology is one thing, actually getting to issuance of a digital currency is quite another. Thus far only one relatively […]
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With the price of gold still hovering around the $1,300 per ounce range, many investors are impatiently waiting for a breakout. As with any other investment, patience is a virtue. Investing in gold is a long-term strategy, not a short-term get rich quick type of investment. But those investors who have been patient and who […]
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Another month, another report of more Chinese gold purchases. For the fourth consecutive month the Chinese government has added to its official gold reserves, with another 360,000 ounces, or 11 tonnes, of gold purchased in March. That brings the country’s official gold reserves up to 60.62 million ounces. The fact that China continues to purchase […]
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A recent study of Bitcoin trading claimed that about 95% of all reported Bitcoin trading volume is a hoax. The transactions are mostly spoofed in an attempt to manipulate Bitcoin prices for various reasons. If that is in fact the case, does it even make sense for people to invest in Bitcoin? It’s important to […]
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One of the cornerstone concepts in economics is the law of supply and demand. If the supply of a good decreases, prices for that good will rise. If the supply increases, prices will fall. Conversely, if demand for a good decreases then prices will fall. If demand increases, prices will rise. When looking at gold, […]
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For weeks Bitcoin traded in a fairly narrow price range. The $4,000 barrier was an upper bound that Bitcoin had only periodically breached but which was an important one psychologically. Bitcoin needed to be able to smash through $4,000, and then there was no telling how much more it would appreciate over the course of […]
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A recent report commissioned by the United Nations Security Council has indicated that North Korea has been behind many major hacks of cryptocurrency exchanges. The regime sees cryptocurrencies as a means of evading Western sanctions, as their quasi-anonymity and ability to be laundered multiple times with ease allows the regime to steal funds and use […]
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While millions of investors understand the importance of gold as the ultimate money, they also understand that governments everywhere make it difficult to use gold as money. Until restrictions are lifted gold will have difficulty in reclaiming its monetary role. But the future of gold as money will be digital, with consumers being able to […]
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