RBNZ Previously Said It Was “Too Early” For a Central Bank Digital Currency: Back in June 2018, we reported on a bulletin from the Reserve Bank of New Zealand. It discussed how a digital currency could be issued by a central bank and what the pros and cons of this would be. See: RBNZ on […]
Tag Archives: bitcoin
Gold vs Bitcoin. Is one better than the other? Should you drop your gold in favour of cryptocurrencies? Bitcoin vs Gold During the Corona-Virus Panic The chart below shows Bitcoin took a serious tumble in March in the early stages of the Corona-panic. Falling over 50%. Gold also fell initially but by less than 15%. […]
Could a gold backed cryptocurrency to settle international balance of payments be the reason why central banks are buying record amounts of gold? On 10 June 2019 the People’s Bank reported that China’s national gold reserves grew by 15.6 tonnes in May to 1,916 tonnes. (And it’s highly likely that China is not revealing their […]
For the new investor, the standard way of investing in Bitcoin and cryptocurrencies can be very confusing, complicated, and involve a high level of risk. There are many steps involved… The Standard Way Of Investing In Bitcoin and Cryptocurrencies Part 1: Convert fiat currency (NZ Dollars) to Bitcoin Determine which Crypto exchange to use? […]
We haven’t heard from Darryl Schoon in a while. He’s back with some thoughts on bitcoin and why gold and silver are just about the only assets not to have reached bubble territory in quantitative easing crack-up boom… BITCOIN, BUBBLES, GOLD & SILVER In January 2009, when bitcoin was released, its value was […]
The RBNZ today released another article on digital currencies, this time looking at the pros and cons of a central bank issuing a digital currency. The article focuses on how a public digital currency might affect four key central bank functions: Currency distribution Payments Monetary stability Financial stability The article makes 6 assumptions in looking […]
Here’s an interesting discussion on government backed cryptocurrencies. Including a gold backed cryptocurrency and how when cryptocurrencies become easily exchangeable for gold it’s going to help the markets for both cryptos and gold… Doug Casey on the World’s First Government-Backed Cryptocurrency Justin’s note: Venezuela just introduced its own cryptocurrency. That’s right… The country battling chronic […]
Bitcoin was modelled upon gold. So not surprisingly many people interested in Bitcoin and cryptocurrencies are also interested in buying gold and silver bullion. While Bitcoin has gained massively in price since its creation in 2009, it has also now become a widely accepted method of payment. Some people who have made significant profits in […]
In researching another topic we stumbled across a report from the Reserve Bank of New Zealand (RBNZ) on cryptocurrencies. We missed it back in November. It was titled: Crypto-currencies – An introduction to not-so-funny moneys It’s actually not a bad primer on cryptocurrencies for the uninitiated. The conclusion indicates that perhaps the RBNZ is not […]
This gives some thoughts as to what you should have first before buying the likes of bitcoin or junior gold and silver mining shares. Plus how gold and commodities have reached extreme undervaluation levels… Is it Time to Trade Your Gold in for Bitcoin? From Justin Brill, Editor, Stansberry Digest: Originally posted at The Crux Is bitcoin […]