The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings.
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Tag Archive: Dubai
Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze
Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter.
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Digital Gold – For Now Caveat Emptor
Bitcoin surpasses gold price - a psychological and arbitrary headline. Royal Mint blockchain gold asks you to trust in the UK government. Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers. Invest in a gold mine using cryptocurrency - but wait until 2022 for your gold and trust the miners that it is there. Blockchain and gold will likely make a "good...
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Gold Market Charts – A Month in Review
BullionStar has recently started a new series of posts highlighting charts relating to some of the most important gold markets, gold exchanges and gold trends around the world. The posts include charts of the Chinese Gold Market, the flow of gold from West to East via the London and Swiss gold markets, and the holdings of gold-backed Exchange Traded Funds (ETFs).
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Best Countries To Store Gold: How Did America, A Serial Defaulter, Make The Cut?
An era of slowing growth, falling corporate profits, record debt levels, and currency debauchment has many investors buying gold as a bet against global central banks. Holding that gold outside the banking system, and for some, outside one’s own country, are increasingly popular options. Canada, Switzerland, and four other countries have particularly attractive characteristics.
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The World’s Dominant Gold Refineries
There are many precious metals refineries throughout the world, some local to their domestic markets, and some international, even global in scale. Many but by no means all of these refineries are on the Good Delivery Lists of gold and/or silver.
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Golden Stockpiles – The Key to Gold as a Store of Value and Safe Haven
The behaviour of the gold price allows gold to play the role of unique financial asset that retains its purchasing power over time, acts as a safe haven, diversifies risk, and provides hedging benefits.
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Best Countries To Store Gold (How Did America, A Serial Defaulter, Make The Cut?)
An era of slowing growth, falling corporate profits, record debt levels, and currency debauchment has many investors buying gold as a bet against global central banks. Holding that gold outside the banking system, and for some, outside one’s own country, are increasingly popular options. Canada, Switzerland, and four other countries have particularly attractive characteristics.
Read More »
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On Swiss National Bank
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Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar
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Canadian Dollar remains vulnerable after strong US Retail Sales
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2024-04-09 – Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times
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Main SNB Background Info
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SNB Sight Deposits: increased by 17.0 billion francs compared to the previous week
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The Secret History Of The Banking Crisis
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SNB Balance Sheet Now Over 100 percent GDP
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The relationship between CHF and gold
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CHF Price Movements: Correlations between CHF and the German Economy
2016-07-22
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