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.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
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.
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