Commodity Trade Mantra

Posts Tagged ‘Alternative Currency’

Does the Current Gold Price Justify the Big Gains in Gold Stocks?

Despite the 25% decline in the gold price since 2013 to $1,050, profit margins only fell by 12% as the industry responded by cutting costs and restructuring their operations. With gold now trading at $1,350 per ounce and AISC holding steady, net profit margins for the industry have increased from $220 to over $500 per ounce – an increase of 127% in just 7 months.

Greece Preparing "Alternative Currency", Kathimerini Says

It now appears increasingly likely that Greece will be forced to return to the drachma currency or will at least be compelled to issue some manner of scrip in the face of an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods.

BITCOINS - The Second Biggest Ponzi Scheme In History

Bitcoins are not illegal but also not money or even an alternative currency – Bitcoins have to have stable purchasing power if they are to serve as money: Bitcoins cannot possibly fulfill their supposed purpose: to serve as an unregulated currency unit.

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