gold coins
Gold is money for everyone. Bitcoin is for risk takers.
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. …
If alchemists really could transform lead into gold, what would that do to the price of gold?
The practice and promise of alchemy have been around for thousands of years, with roots in Europe, North Africa and the Far East. In spite of a long history and broad range of interests, alchemists are undoubtedly best known for their obsession with the transmutation of base metals into noble metals. In other words – …
Bitcoin or Gold… Which is safer?
People are becoming increasingly concerned about the safety of their money. Why? Because almost all of their money is held by banks and investment houses. And distrust of these financial institutions is at a higher level than ever before. For good reasons. Trust a bank? I don’t think so! I don’t even trust the company …
In a world of negative interest rates, gold recovers a lot of its shine.
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. …
Of all forms of real, tangible wealth, gold still rules.
Let’s say you want to keep some of your money outside of the banking system. And there are plenty of good reasons to do that. In a world where more and more finance, investing and day-to-day transactions are conducted digitally, we would do well to be concerned about the security of our money. In a …
Warning: Why owning gold will soon be banned.
There is a move by governments to move all financial transactions to the digital world. The first step in that direction is to ban cash. More specifically, to ban high denomination banknotes. To that end, the European Central Bank is talking about phasing out the 500 euro note. And former US Treasury Secretary, Larry Summers, …