Monday , May 10 2021
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Tag Archives: Bitcoin

Are Central Bank Digital Currencies the Future of Money?

Today we had the pleasure of participating in the (virtual) ringing of the NYSE closing bell to celebrate the six-year anniversary of the launch of our airlines ETF. It’s been an incredible journey, and we extend our gratitude to everyone who helped make it possible. Wheels up! In case you missed it, you can watch the replay of the bell ringing by visiting nyse.com/bell! Central Banks Have Been Net Sellers of Gold So Far this Year Some major changes could be coming soon to a central bank...

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Fun on Friday: Why Not Both?

The other day a friend of mine asked me, tacos or burritos?My response: why not both?I think saying that annoyed him. He wanted me to pick one. Just one doggone it!We are very much a “pick one” kind of society. Everybody expects you to take a side on everything. Food, sports, entertainment, investing — and especially politics. (My choice there is usually “none.”)Oh, and if you choose poorly, they will want to argue about it. A lot.I will grant you that there is a time and a place to...

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We’re on the Cusp of Mass Crypto Acceptance

It’s happening. The acceptance of digital currencies as a form of payment expanded greatly this week, foreshadowing the increasingly important role cryptos such as Bitcoin and Ether will play in our lives going forward. Both Visa and PayPal announced they will begin allowing the use of cryptocurrencies to settle transactions. This comes a week after Tesla said it will now accept Bitcoin as a method of payment, and a month after Mastercard signaled it would start supporting cryptos sometime...

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He’s Baaaacccckkkk!

A Pfennig For Your Thoughts March 18, 2021 * Currencies & metals continue to be held to the chopping block… * One shining light in the currencies is the Indian rupee…  Good Day… And a Marvelous Monday to you! Well… Chuck was away, and the currencies didn’t rally! See what I’ve been saying? That the world of markets is upside down… What’s good is bad and what’s bad is good… With most of the market activity dominated by the what’s bad is good… I had a great week of vacation with my daughter...

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What If We’re Measuring Inflation All Wrong?

Inflation is top of mind right now for many consumers, businesses and investors. Responding to a recent Bank of America survey, asset managers around the world agreed that inflation is the number one market risk, displacing COVID-19 for the first time since February 2020. Another survey conducted this month found that over three quarters of Americans were either “very” or “somewhat” concerned about inflation. Perhaps not surprisingly, younger Americans who have not yet reached their peak...

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China’s Digital Currency Is Ready For Prime Time…

A Pfennig For Your Thoughts March 10, 2021 * There was no follow up in the currencies yesterday…  * Gold & Silver gain throughout the day on Tuesday…  Good day…. And a Wonderful Wednesday to you! Well, things were back to normal yesterday, after my morning routine, I went out to the deck with a book and started reading, in the sun… 2 hours later it was time to come in from the sun and take a nap… And then it was a get together around the pool with condo friends… I kept a watch on...

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Peter Schiff: The Only Thing the Economy Has Going for It Is the Fed

Last week, Peter Schiff appeared on to talk about the Federal Reserve’s increasing dovishness. He said despite all of the assurances from Jerome Powell that the central bank’s monetary policy isn’t stoking inflation, the economy and the dollar are both at risk for collapse. The Fed is the only thing standing in the way and it can’t stand there forever.During this interview, Peter also touched on his recent Twitter debate with Elon Musk about bitcoin.Jerome Powell claims that the Federal...

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Yellen Disses Bitcoin…

A Pfennig For Your Thoughts February 23, 2021 * Currencies & metals rally on Monday… * Chuck talks about “valuing the ball”…  Good Day… And a Tom Terrific Tuesday to you! What a day yesterday! I sat out on the deck that overlooks the beach/ ocean, and read for nearly 3 hours! I wore a baseball cap most of the time out there in the sun, as my bald head has gotten enough sun this winter already! The “thaw” has arrived back home in St. Louis, and now they’ll have a couple of warmer days,...

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Texas Freezes, but a New Commodities Supercycle Could Be Heating Up

  As many of you know, I grew up in Toronto, where winters can be brutally cold. Like most people who live in northern U.S. states, I’m accustomed to driving on snowy, icy roads. But then, roads in the north are plowed, sanded and salted when there’s snowfall. With rare exception, the roads here in sunny San Antonio, Texas, do not see that kind of maintenance. There are no snow plows or salt trucks. Driving, then, can be several times more precarious when we get the kind of extreme weather...

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