The only serious declines this week were in precious metals and gold stocks. The largest gains were once again in Bitcoin, which rose 11.7% to a new all-time high of 32.7 grams, so that 1 BTC can now buy more than one ounce of gold. Gold stocks again fell more than any other asset-class, dropping […]
Filed under Banking, Bitcoin, Bonds, Commodities, Cotton, Counter-party Risk, Dow Jones Industrials, nz dollars, Platinum, Silver, Stocks, US Dollar by
This week saw government-issued currencies, bonds, and major stock indexes all lower. Commodities were mixed, with precious metals higher, while food and energy were lower. The week’s biggest winner was once again Bitcoin, which gained 8.1%. Gold stocks also rose, with the HUI gaining 2.0%. The largest losses were in coffee and copper, down 6.4% and 5.0% respectively.
Click through for more details and additional commentary on Bitcoin and its relationship to gold.
Things stabilized a bit this week, with mixed results for most asset classes as investors sorted through the debris of the coming political sea-change in the US. The largest swings were in commodities, with silver the week’s biggest loser, down 9.3%, and cotton and crude oil the week’s biggest winners, up 7.9% and 7.5% respectively. […]
Filed under Banking, Bitcoin, Bonds, Commodities, Counter-party Risk, Platinum, S&P 500, Silver, Stocks, US Dollar by
This week saw rallies in Coffee and Cotton, and a decline in Copper and long term bonds. Bitcoin continues to hold at a fairly high level despite the failure of Mt Gox, once the largest Bitcoin exchange, but recently marginalized by problems with withdrawals of bitcoins and government currencies. It will be interesting to see […]
Filed under Banking, Bitcoin, Bonds, Coffee, Commodities by
All but three asset classes were lower this week, the gainers being Bitcoin, gold stocks, and long dated treasuries. Bitcoin ended the week up 51.8% at 1,392 mg, after setting another record high every day this week. The latest round of panic buying seems to have been triggered by the partial bank account confiscation plan announced in Cyprus. […]
Recently, I got a great question about compound interest. Everyone is taught the power of compounding… Usually the story goes something like “If you invested $1,000 in 1900 at 5% compound interest, it would be worth $236,000 today!”. If 100 years works that well, why not leave the money to compound for 300 years? Then […]
Filed under Banking, Bonds, Interest Rates, US Dollar by
There has never been a better time to switch to gold. By that I mean to choose gold as your unit of account, your personal money. To hold your savings in gold. To measure your investment returns in gold. To keep your books in gold. In fact, it’s not just a “good idea”, it is […]
Filed under Banking, Economy, Freedom, home currency, monetary universe, Regulation by
Although nobody wants to use the “N” word, more and more economists, including Nobel Prize winners, are saying that this is really our only choice. Of course it will only be “temporary”. Maybe it will be “partial”. But any way you slice it, it will be ugly. Thanks to a tip from Seeker Blog editor […]
Filed under Banking, Economy, new highs, nz dollars by