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
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There are times in history where the government reluctantly accepts that state money has failed and the market’s money has proven superior. One such example was in the Ming Dynasty and silver. The government had initially banned silver and decreed that the citizens should use devaluing paper currency. Unfortunately for the authorities, the citizens continued
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Sir John Templeton is one of the world’s most successful investors. Although sadly he is not as well known as others such as Warren Buffett and Benjamin Graham. What John Templeton is most well known for was his September 1939 investment play where he took big positions on undervalued companies just as World War Two
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I first became a gold investor because I learned the history of it. I learned about the thousands of years gold has been money. I learned about the classical gold standard, Bretton Woods, how Nixon’s closed the gold window 1971 and how the U.S. still holds 8000 tonnes of gold. I came to understand that
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There is a lot to learn from the inflation in Rome that ravaged the empire towards the end. It is a cautionary tale and one that we can draw many insights from. It’s quite natural that we might look at the story of Roman currency and draw comparisons to our American dominated world and wonder
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The economic disadvantages of fiat currency are well known and well discussed amongst financial commentators who understand the problems in our monetary system. These include: What is not discussed quite so widely is the social harm caused by fiat currency. But when you understand the true nature of fiat currency, it is plain to see.
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Benjamin Graham’s value investing principles are timeless. Known as the “father of value investing” Benjamin Graham revolutionised the investing landscape with his simple yet ground breaking ideas such as the margin of safety and Mr. Market. His book The Intelligent Investor is a classic that is still a must read for any value investor today.
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