If you’ve been reading my posts over the last few months, you know I’ve invested some money in Bitcoin. Fans of Bitcoin often say it democratizes money. It’s “money for the people”. No banks required. No other intermediaries required. No permission required. Anyone can receive or send Bitcoin through the blockchain, unregulated. That’s all true. …
I wrote recently about how governments around the world are waging war on cash. This war has too fronts. The first involves phasing out high denomination banknotes, like the $100 bill and the 500 euro note. The second involves banning cash transactions over a certain level. But now there is a third front opening up. …
When should you be buying more gold? Some people make this decision very complicated, listening to analysts on a daily basis, scrutinizing technical charts, and so on. That’s not how I make my own buying decisions. First off, I’m not a trader or speculator in gold. I’m an owner of gold. I buy physical gold …
While I always remain skeptical about the opinions of gold experts, I do take notice when a few of the more notable gold buyers start stocking up on my favorite metal. Over the last few days I have read a number of stories about well-known investors buying more gold. John Paulson and George Soros have …
Since March of this year Turkey has exported $11.7 billion in gold bullion, over 90% of which was carried over the border on its way to Iran or the United Arab Emirates. What’s happening? Turkey is buying oil. Not with wire transfers or cash, but with gold bullion. They can’t buy Iranian oil through the …
By the 0.1% I mean, of course, the ultra-wealthy. This is not the same group as the 1%. The 0.1% play at an entirely different level. These are the folks who are worth hundreds of millions of dollars, and sometimes billions. They use their money to buy influence at every level of government. Their financial …
