This article, written by our Co-Founder Will Bancroft, asks whether recent drops in the price of bitcoin mean it’s all over for this crypto-currency and what the price action means for your money and for savers and investors.
A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners. It now appears Goldman Sachs (GS) is covering its short on gold as it rebounds above $1,400.
While the potential for higher gold prices is compelling, the decline in the number of discoveries and grades of resources makes mining stock selection intriguing. Niehuser has scoped out jurisdictions and finds the stars are aligning to put Nevada on top.
In theory, financial repression, together with other measures, can liquidate government debt but, in practice, it is a destructive and highly destabilizing approach that will result in a net loss of wealth to society.
If asked to name the top performing commodity of the past decade, not many would answer silver because of its notorious volatility. Yet, according to Lloyds TSB, silver prices have delivered the best gains since 2002.
This is quite a statement coming from a “mainstream” investment firm. Wall Street's usual reaction to gold is that it is a barbarous relic whose only use is in jewelry and that no sane investor should put any money into it or even paper gold instruments.
Thank Bill Gross for adding muscle this week to the already strong gold prices. The Pacific Investment Management Co. founder and co-chief investment officer said US fiscal problems will burn investors if they aren't protected by gold and real assets.
James Turk, Andrew Kaip and Ian McAvity may not agree on why silver acts the way it does but they all said that it belongs in some form in a diversified portfolio - only for those who can handle volatility.
I'm not convinced that silver has made the transformation from an industrial commodity into a monetary commodity. Due to its heavy exposure to industrial applications, it remains vulnerable to an economic slowdown.