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.
This is welcome news. Many silver market commentators have stated publicly that the price of silver, currently hovering around $23.50 per ounce, should be much higher due to the scarcity of supply and the lack of faith in fiat currencies such as the US Dollar.
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
It is difficult to look at unrestrained growth in such important monetary indicators without becoming concerned about the future stability of America's economic system.
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