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.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
…there is now concrete evidence that growing numbers of investors and other concerned observers are now turning to gold as a storehouse of value in these potentially troubling times.
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