Offshore gold storage in another jurisdiction has three key benefits. There are a number of compelling reasons to buy gold, especially in the current market environment, not least the fact that gold has been sound money for thousands of years. The problem is, at least when you buy physical gold, you have to decide where […]
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F.O.M.O (fear of missing out) is something that can affect both new and experienced investors alike. Even minds as great as Isaac Newton have suffered from it. Newton famously sold at a profit in the South Sea bubble, before F.O.M.O gripped him and pulled him back into the market mania, where he lost £20,000. There
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The short answer is yes, I would argue that Monero is a good investment. Monero shares many similarities with Bitcoin. It is digital money that uses a decentralised peer-to-peer ledger. However, there are two key features where it is arguably an improvement on Bitcoin: By investing in Monero you are betting that either it supersedes
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Is Russia currently on the gold standard? Despite a lot of speculation to the contrary, the answer is no. In early 2022, in an attempt to defend the value of the rouble, the Russian Central Bank said that it would buy gold at 5000 roubles per gram. However all this meant was that the bank
5 Lessons From The 1897 Russian Gold Standard Read More »
The classical gold standard was the monetary system of the 1870s to 1914. It is one of several different types of gold standard but is what is most commonly associated with the phrase. The world’s industrial powers defined their national currencies as a fixed weight of gold and paper money was freely convertible into gold
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Key Takeaways The history of gold goes back almost 6000 years to the earliest years of some of humanity’s most ancient civilizations. While not formally part of the money system today, central banks still hold gold, giving it a proximate shadow status in the current system. Of all the elements of the periodic table, gold
The History of Gold As Money: From Ancient Civilizations To Modern Markets Read More »
Gold is important to the economy and the monetary system because its existence on central bank balance sheets gives fiat currency the credibility that it has. Governments and central banks like to pretend that gold is unimportant and is a relic of the past. This is wrong. While we no longer operate on any type
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Key Takeaways The story of the Weimar hyperinflation is a familiar one. But do you know what the rentenmark was and how it worked? It should be one of the most famous stories in the history of fiat currency. But sadly, barely anyone properly understands it. Read this article and you will have a better
A crypto bear market is brutal and surviving one is not easy. According to Glassnode, they last anywhere between 227 and 435 days with bitcoin drawdowns of between 75% and 84%. In bear markets altcoins tend to fall even more, often up to 95%. In all other markets, a bear market is normally defined as
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You need a cold storage wallet once you have enough cryptocurrency to make the expense worth it. Cold storage wallets are often several hundred dollars and you will incur a transaction fee when you move coins from the exchange to the cold wallet. Therefore, if you are holding a small amount of crypto, a cold
Do You Need A Cold Storage Wallet? Read More »