Below you'll find a list of all posts from February, 2017
As we move closer to the cashless society that many governments would like to see implemented, the drawbacks of the plan become more pronounced. And while the benefits of a cashless society accrue almost exclusively to the government side of the ledger, it is becoming evident that the ordinary citizens …
The new director of the Office of Management and Budget, Mick Mulvaney, supports blockchain technology. Mark Calabria, chief economist to Vice President Mike Pence has expressed his support for alternative currencies, stating, “While I’m an economist, not a tech guy, I’m very excited about Bitcoin, as I am about alternative …
Thus far in 2017 the price of silver has outperformed the price of gold on a relative basis. That means that the gold-to-silver ratio (the number of ounces of silver it takes to buy one ounce of gold) is falling. It began the year near 71 and now sits at 68.5. …
In the new world of FinTech applications are popping up that are focused on serving the generation who are the most heavy users of tech – the Millennials. This 18-30ish group of young adults has grown up with smart phones and instant access to a wide variety of information and …
Gold and silver prices have suffered over the past few years through a grueling down market. 2016 appears at this point to have set a firm bottom in place for the price of precious metals. The same appears to be true for a broader basket of commodities. In fact there is …
We live in very interesting times to say the least. Financial innovation using new technology has been percolating for years. The advent and rising popularity of Bitcoin, and more importantly its underlying blockchain technology, has thrust the question of our world’s financial future into the spotlight. Between 2014 and mid-2016 an …
One of the more visible signs that FinTech is real and growing is the trend toward smaller, more technology focused branch banks. Bank of America recently accounted that it has opened three branches in the United States with zero workers. Bank of America Opens Branches Without Workers This is the …
For those following trends in global currencies, one has emerged that has significant long term implications. That is the move toward purely digital currencies. This trend has gained momentum over the last several months. India seems to be leading the way. One of the questions that obviously must be answered is …
As promised, President Trump has taken an ax to the regulatory burden that many feel has hindered economic growth. His actions have been swift and far reaching. It’s too early to tell how much of an impact changes in financial regulations will have because the scope isn’t yet known. However …
Many gold and silver bullion owners are all for hard currency. They see a need for some form of physical money. Reasons vary. Privacy is among the top concerns. However, as we wrote about last month, there is a move underfoot to move toward a cashless society. That proposal has …
