Bad economic times and capital controls go hand in hand. In 1933 FDR used Executive Order 6102 to confiscate US citizen’s gold as mentioned in the above video. The International Emergency Economic Powers Act (IEEPA), means the same thing could happen again today.
Extreme capital controls aren’t just a possibility, they are a reality in a many parts of the world, particularly Argentina.
Continue reading “Capital Controls: IEEPA, Gold and Argentina”
The Keiser Report on Bitcoin, privacy and the counter-economy, true prices measured in gold, visualizing the world’s gold stock, a GoldMoney interview with Professor Pedro Schwartz and more.
Continue reading “Bits and Pieces 27thSep12”
In the below video GoldMoney’s James Turk and Félix Moreno de la Cova discuss gold, Bitcoin and competing currencies.
As always, Mr Turk has some interesting comments. But I think what he is really saying here is: Hey guys, Bitcoin is cool, I get it. …but I still prefer gold. Fair enough.
Continue reading “James Turk Discusses Gold, Bitcoin and Competing Currencies”
Vietnam’s gold ban, ‘ghost inventories’ in China’s steel industry, more community currencies, possibilities for exotic new transaction types with Bitcoin and more.
Continue reading “Bits and Pieces 22ndSep”
Earlier in the week this story of a fake 10 Oz gold bar found in Manhattan’s jewelry district hit the web.
If you’re worried about your gold or silver, there is an easier way to spot a fake than drilling into your bars. Ultrasonic gauge thickness testing.
Continue reading “How to Spot Fake Gold & Silver Bars”
New QE from the Fed, gold up to $1,775, Germany’s constitutional court ruled on ECB bond purchases and more.
Continue reading “It’s been a busy week…”
Would Hayek have been a fan of Bitcoin? Could ‘key disclosure’ be used to confiscate Bitcoins? Will we some day have gold backed Bitcoins?
A few interesting thoughts and links as a follow up to my last post on Bitcoin.
Continue reading “More Wrestling with Bitcoin”
BitPay passes 1,000 merchants, more Romeny/Bitcoin drama, the poor ‘opting out’ of banking, Spanish gold and hyperinflation.
Continue reading “Bits and Pieces 14thSep”
So much to blog about, so little time.
WebMoney, FBI surveillance, encryption and Thomas Jefferson, GoldMoney, and more.
Continue reading “Bits and Pieces 10thSep”
Don’t get me wrong, I’m not suggesting you sell your gold for Bitcoins. What I’m saying is although they may not realize it, Bitcoin is a goldbugs friend. It has a real chance of changing the way the average person thinks about money and that is good news for anyone who is not a fan of fiat.
Continue reading “Wrestling with Bitcoin. Why even hard-core goldbugs should respect and support cryptocurrencies.”