A Primer on Bitcoin and Other Cryptocurrencies
January 2018 by Scott Harn
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
Given the astonishing increase in government expenditures of the past two years, one must ask if there is another parade of taxes and levies waiting in the wings, and, directly related to our precious metals, if there is some form of tax rebellion also waiting in the wings.
The combination of these two concerns—the drift toward socialism and the willingness to violate law—appear to me to be capable of raising the level of civil disorder to a point where such disorders could be positive influences on the price of gold and silver.
Investors and collectors may also be able to purchase palladium coins after President Obama signed a bill authorizing palladium coins if there is sufficient demand.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
In an effort to resolve the controversy over whether certain expenditures made by a mining operation or mining-related business are currently deductible as repair expenses...the Internal Revenue Service has finally released new regulations.
The Bawl Mill • Legislative and Regulatory Update • California: The Land of Big Nuggets—Part II • How to Interpret Assay Values • Bedrock Nugget Hunting: Tools of the Trade • Gold Hunting on Libby Creek • PLP and MMAC Update • Man's Best Friend • An Interview with Minelab Engineer Mark Lawrie • Third Largest Nugget in Existence Returns to Dallas • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices