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.
One of the most popular medicines commonly available is “Dramamine,” defined to be, “… used to prevent and treat nausea, vomiting, cramps and vertigo associated with motion sickness,” according to our favorite medical dictionary. Well, after watching the various financial, political and psychological gyrations that have been taking place in the world’s markets over the past month, we might suggest that some sort of psychological Dramamine might be in order.
I believe this is a powder-keg waiting to explode down the road—with potentially devastating effects on society—but positive implications for gold and silver.
As we have noted through the years, perhaps the most direct, single influence on the future of gold and silver is their monetary opposite—currencies in general, the US Dollar in particular.
...when we begin to observe what appears to be an early indication toward a more bullish stance in one of the major miners, that can reasonably provide us with a rising degree of optimism for the sector itself.
...further strength in the Dollar, weakness in Crude Oil, and potential bearish action in gold and silver may yet be ahead.
Recent reports could be pointing toward a genuinely important change in direction for the American economy and it is a change that could be positive for the precious metals over time.
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