Oct 31, 2017

Madness of the Crowds: Bitcoin

Charles Mackay wrote a book, Extraordinary Popular Delusions and the Madness of the Crowds and I think if they republished that book they should add a chapter so they can put Bitcoin in there because it's all the same mentality, that's the lesson. Everybody (investing in Bitcoin) should read that book.


The Federal Reserve Will Not Upset The Status Quo

The Federal Reserve does not want to do anything that might upset the status quo. And at this point, the Fed is between a rock and a hard place. The central bank can normalize interest rates, which will ultimately pop the stock market bubble, or it can continue with its easy monetary policies and wreck the US Dollar. The Federal Reserve will ultimately sacrifice the currency (US Dollar) on the altar of the stock market.

Related trading instruments: SPDR S&P 500 Index ETF (SPY)

Oct 30, 2017

Real Vision: Discussing Gold and the US Dollar


Peter Schiff on Real Vision discussing the markets in general and gold in particular.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

The Downside Risks Of Gold & Bitcoin

Bitcoin is approximately $6,000 a coin right now, It could be $600 a month from now. We don't know that, I mean it could be higher, it could be $10,000! Gold it's not likely to crash and if it goes down, you know gold has a real cost of mine and there's a lot of demand for it so there's a limit really. I mean if the price goes down there's not going to be any more of it made. (SPDR Gold Trust ETF (GLD))

Oct 27, 2017

Tax Cuts: Bullish For Gold, Bearish For The Dollar

If we get these tax cuts the US Dollar is going down, not up and gold is gonna go way up not down! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares Silver ETF (SLV))

The Problem With Bitcoin

The only person who would be willing to buy my Bitcoin is somebody who believes he can also sell it to somebody else at a higher price.

So you always need the idea that there's always gonna be somebody else willing to buy my asset at a higher price than I paid because there's no other use for it. You can't do any thing with it, it's not going to generate any income if it just sits there, you can't use it in industry, there's no actual function that it serves other than my ability to sell it to somebody else.

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