Blog posts tagged with 'gold'

"We know where we are in the debt cycle; we know where we are with energy. And so then it comes down to the key points: when there is tension in the market, when there's volatility in treasuries - okay, we've come to a point: they either have to let the debt default, or they have to print. The chance that they're going to let it default is like zero" - Luke Gromen

Many of you know in addition to metals investing, and I am also very optimistic about investing in Bitcoin.

Not cryptocurrencies in general, just Bitcoin.

I've been a longtime listener to "What Bitcoin Did" with Peter McCormack. Lately, this show has been featuring many macroeconomic experts as guests. There's a lot less discussion of Bitcoin and more of an analysis of the current and future effects of the tremendous inflationary effect it will have on US Dollars. There are plenty of positive mentions of gold in this show.

As Peter might say, "This one's a real banger."

There is some upfront discussion of Bitcoin and mentions sprinkled throughout the podcast.

If you're not interested in Bitcoin, power through and see what the future could hold for the US Economy.

With gold and silver prices dipping lately, now is the perfect time to buy and former Fed chairman Alan Greenspan agrees. Despite the recent dip in prices, Greenspan is recommending gold as an investment. Not usually known for being a gold bug, the former Fed chairman's comments may come as a surprise. He mentions that the time and conditions are right for buying and presented this case to the Council on Foreign Relations the same day as the announcement by the Federal Open Market Committee that the years long quantitative easing program will be coming to an end.

Some have expressed concern this may bolster the price of the dollar and negatively impact metals even more, but Greenspan argued that gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments. Greenspan also disagreed with the quantitative easing policy of the current Fed saying it, "Failed to achieve its primary goals". Gold is also still being purchased by central banks and governments worldwide as evidenced by China in a report earlier this year. China and other countries are not pleased with the dollar's world reserve currency status and though the ceasing of quantitative easing may strenghten the currency temporarily, long term the dollar still faces some serious challenges.

You can view Greenspan's comments in the video below.

Roberts & Roberts has been in the process of updating our website, and we appreciate your patience during this transition. The brokerage began accepting Bitcoin a few months ago, and we have heard many criticisms of the cryptocurrency. Some are valid, but we wanted to address the invalid claims one particular video makes. Tim Frey and Meghan Lords recently collaborated on an article for Bitcoin Magazine which addresses the claims made by Stansberry Research in one of their recent videos. The video is filled with misrepresentations, and it is important to set the record straight.

You can read the rebuttal in its entirety here: http://bitcoinmagazine.com/10327/secret-currency-vs-bitcoin-comparison-rebuttal-stansberry-research/

For an explanation of what Bitcoin is and how it works check out this brief video: