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 …
Regulations, FinTech, and the Future
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 …
The Curse of Cash Part 1
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 …
Interest Rates and Gold: Reversal vs. Range Bound
As interest rates signal a trend change it is important to consider all the possibilities. Certainly one can make a case for rising interest rates due to inflationary pressures. However because of all the cross currents that rising rates and a strong dollar would create, it is possible that it will …
Bitcoin Got a Lot Right – But Not Everything
Since it’s inception in 2010, Bitcoin has been the subject of a great deal of spilled digital ink. The idea of a currency outside of the control of governments has been the dream of libertarians and an interesting idea for many fiscal conservatives. However, as much as Bitcoin brought to …
The Interest Rate “Line in the Sand” – Bill Gross Sounds Off
Analysts have been calling for the end of the three decade old bull market in bonds for several years now. To be sure, if transitional market forces (read non-government intervention) were allowed to exert force on the bond market, rates would be much higher than they are today. So why …
FinTech Flop – The US is Being Left Behind
Innovation is key to the ongoing health and prosperity of a nation. Technological innovation is exploding across the world. Few industries benefit more from this phenomenon and are set to contribute more to the long term health of the global economy than FinTech. Unfortunately, the United States regulatory agencies just …
Millennials On Saving For Retirement – How About Gold?
Millennials are probably the most scrutinized generation ever. Why? Because technology today enables vast amounts of personal data collection and this group loves to use technology. Thus, they have given analysts the raw data they need to look into their behaviors individually and as a group. Despite their love of …
The Move Toward A Cashless Society Goes Global
First India. Now Australia is considering removing some banknotes from circulation. These are opening salvos toward a move to remove physical currency from circulation. Speculation abounds as to why this is the case. One of the major reasons is taxes. If every transaction must pass through a network, then it …
Fed Raises Rates For Second Time in a Decade
Twice. That is the number of times the Federal Reserve has raised rates in a decade. Ten years. This is not how a normal economy works. It is also evidence that we are far from having escaped the shadow of the financial crisis of 2008. So what happens over the …