Commodity Trade Mantra

Posts Tagged ‘Bitcoin’

Cryptocurrencies will Never Replace Gold for a Number of Good Reasons

Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin? Both assets, after all, are sometimes favored as safe havens. They’re decentralized and accepted all over the world, 24 hours a day. Transactions are anonymous. Supply is limited. But I don’t think for a second that cryptocurrencies will ever replace gold, for a number of good reasons. Here’s why.

World's Biggest Hedge Fund Manager: Bitcoin Is A Bubble, Gold Is Money

There are two things that are required for a currency. The first thing is that you can transact in it, it’s a medium of exchange. The second thing is it’s a store of value. Bitcoin today…you can’t spend it very easily. Unlike gold, let’s say, which reflects the value of money, its more stable than the value of money, bitcoin is a highly speculative market. – Ray Dalio.

Silver - The Market's Stepchild will have a Major Move before the Month is Out

Right now we have the absolute PERFECT STORM lying right in front of us as investors. With stock valuations now higher than any time other than 2007 & 2001, bonds in a bubble, cryptocurrencies in nosebleed zones, and with silver depressed, the big investment pools have few places to go other than “value plays.” Silver is, in my opinion, just that & will have a major move before the month is out.

Is a US Dollar Rally Imminent or will Gold and Silver Continue Rising?

The past three weeks have seen a sharp increase in Commercial long liquidation coupled with accelerated shorting but the aggregate number of shorts is still well below the level seen at major tops in the summer of 2016 and with gold approaching U.S.$1,400 per ounce. The risk in this assumption that the U.S. Dollar index ($USD) is about to stage a reversal to the upside, forcing the algo’s to sell gold.

With Fundamentals in Place, a Breakout & Compelling Technicals - Watch Gold Take-Off

We think the breakout in gold is here, the fundamentals are in place, and the technicals are compelling. The technical situation, in the dollar, flips off to the technical situation with the gold extremely well right here. If you get above $1,300 here, then you’ve got $1,377, and beyond that, this is a new gigantic structure type of bull market going on where gold will be going to new all-time highs.

Blockchain Revolution is Gunning for the $27 Billion Gold Market Trading

About $27 billion of gold changes hands every day in over-the-counter markets where settlements can sometimes take days, leaving price risk for buyers & sellers. Using blockchain promises more transparency, security & speedier deals. It also could attract new participants at a time when investors are souring on gold-backed ETFs, a key source of growth in physical demand over the past decade.

Why Cryptocurrencies Can Never Replace Physical Gold

Gold is rare enough to be a true store of value. There’s no danger of it becoming ubiquitous, even if a dozen super-high-grade deposits were discovered tomorrow. If ever the lights go out, due to an electromagnetic pulse, either as an act of war or through a strong solar flare, Bitcoin will vanish instantly. Physical gold, on the other hand, will still be there and ready to use as needed.

Gold or Bitcoin - What's more likely to be Valuable a Hundred Years from now?

If you were to ask me which I think is more likely to be around a hundred years from now, it’s gold… every time. Nothing has usurped it for millennia as a globally-accepted medium of exchange or store of value, and I don’t think bitcoin will do so either. Gold can’t be altered. Bitcoin runs on a protocol that can be changed. Gold has stood the test of time of thousands of years. Bitcoin is just beginning.

Stock Market Meltdown - Real Test for Gold & Cryptocurrencies

The real test for gold and the cryptocurrencies is going to come when the stock market enters bear-market territory. Gold provided a solid safe-haven during earlier financial crisis & will likely do so again. Bitcoin and Ethereum have the potential to do so, but they are unproven and carry additional risks. It all comes down to your risk tolerance. Do you want to shoot for the moon or want stability?

GOLD, SILVER or BITCOIN - Where Would You Prefer Investing?

Most investors who have been concerned about the massively inflated Bubble Markets and the Greatest Financial Ponzi Scheme in history, have been investing in gold and silver. However, a new kid on the block, called Bitcoin and the other crypto-currencies, have gained a lot of attention due to the huge increase in their prices over the past few months. So which would you choose to invest in?

The Perfect Precious Metals Storm - Made In America

The America as we have known – forever changed last night. And with it, the odds of the dollar’s death as “world reserve currency” increased dramatically. The one thing I’m sure of, is that if you hold at least a modicum of precious metals – physical gold and silver, held outside the financial system; no matter where you reside, your financial path forward will be exponentially easier.

Buying Mania Will Push Silver Prices Much Higher

Even though the silver price and precious metals sentiment have fallen considerably, the market has no clue just how undervalued the shinny metal truly is. When the buying mania from the Institutions, Hedge Funds, Retail & Physical investors comes in to the market, watch as the Dow-Jones-Silver ratio falls back towards 50/1 from the current 1,200/1 & the silver price hits a all-time new high.

Why Digital Safe Havens won’t ever Kill the real ones - Gold and Silver

Gold and silver are real & tangible assets, similar to currencies but unlike stocks & government bonds. Gold and silver are also durable with an effectively infinite longevity & thus completely different to any other assets & this gives them a prominent position as safe havens, and they are precisely what the likes of Bitcoin lack. Can the intangible assets really replace the tangible?

Would You Invest in Gold And Silver Bullion or Bitcoin?

From $412, one year ago, to $1290 on Friday, bitcoin has gained over 200%. Compared to the price action in bitcoin, gold seems boring. While this is a virtue for gold to be used as money (and a vice for bitcoin), it does tend to attract those who just want to get into the hottest casino du jure. There’s more than enough irony to go around.

U.S. Favors Debt over Equity, Speculation over Investment, Buy Gold while You can

While the animal spirits may have taken over the equity markets and have ignored the gold market, we should recall that there is a reason why Keynes called them animal and not human spirits. Americans have ransomed the US economy because their policies have favored debt over equity and speculation over productive investment, placing gold in a more envious position.

Why Uncertain Times in the US & UK Have Made Precious Metals Surge

Hard Brexit talks by Theresa May & recent actions by Donald Trump in the US may have had a significant impact on precious metal prices. The events on both sides of the Atlantic have seen investments in things that are not tied to stocks or currencies like precious metals & even Bitcoin surge, and these are going to be watched very closely by anyone concerned with the markets in the coming weeks.

Gold Price Forecast: The Factors Influencing Gold Prices in 2017

Here are three things that are currently taking place that could have significant positive impacts on gold prices. They shouldn’t be ignored by investors, whatsoever. Every day that gold prices remain subdued, the precious metal becomes an even better opportunity. Keeping everything in mind, I am not ruling out $2,000/ounce gold prices in the next few years. It’s possible.

Cash Is No Longer King: The Phasing Out of Physical Money Begins

The stage for inevitable demise of paper money is set. The cash that allows free transactions without tax burdens or state scrutiny won’t be around much longer. There will be many rationalizations for a cashless society in the years to come, but without fixing this broken financial system first, this will only ensure that despotism gains an even sturdier foothold.

A Path to Making Gold and Silver the Currency of the 21st Century

For better or worse, the digital economy is here to stay. It can be mostly for the better. Electronic gold and silver payments using innovations like BitGold and the Gold Standard Society’s Digital Gold 2.0 may prove in the future that free-market hard money is viable for everyday transactions. All it will then need is the right to compete directly with the U.S. dollar as legal tender.

Bitcoin Or Gold: What Is More Valuable?

Mr Ferrier is alleged to have told Mr Wright gold was good security in the event the ‘funny money’ of Bitcoin failed. In December 2013 Mr Wright filed actions in the Federal Court and NSW Supreme Court suing for his share of the gold, claiming the sum of $84.42m based on the market value of the alleged Bitcoin payments for the gold.

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