A Primer on Bitcoin and Other Cryptocurrencies—Part II
February 2018 by Scott Harn
We’ll conclude by digging a bit more into the regulations and pitfalls, and discuss what they are used for, their relationship to gold, and what the future holds.
The idea of decisive action in 2014 will be at the heart of my presentation at the ICMJ Gold Prospecting and Mining Summit of April 5-6 in Placerville. I look forward to meeting you all then.
Unquestionably, it was the other side of the Atlantic Ocean—that is the European side—that provided virtually all the political, economic and social fireworks during the past month.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
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.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
…one thing is certain for the precious metals—these events reflect growing instability—and growing instability has historically been positive for the prices of gold and silver.
The Bawl Mill • Our Readers Say • Ask The Experts - Help with an assay report • Ask The Experts - How do you ship uranium samples to a lab? • Legislative and Regulatory Update • The Hill of Gold • Bedrock Gold: When It’s There and When It Isn’t • Mass Wasting & Gold Deposits • The “Push” for Gold—The Great Nevada Adventure Continues • The Wild Rush to Find More Cobalt—Part I • PLP and MMAC Update • The Black Diamond of the Forest • Follow the Line • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices