fiat currencies Tag

Posted On September 27, 2017By HoudiniIn Articles

Gold As The Monetary System’s Sun

For millennia, people believed that the sun revolved around the earth, appearing, as it did, on the eastern horizon in the morning and setting on the western horizon in the evening. Greek astronomer Aristarchus of Samos is generally credited with the concept that the universe is heliocentric, with all the planets revolving around the sun. Yet it took a further eighteen centuries before Nicolaus Copernicus came along and convinced people that this was the case. So, we can be forgiven if we educated modern-day people sometimes have difficulty in understanding thatRead More
Even with all the hand-wringing about bubbles in stock and bond markets, it’s hard to ignore what’s going on in the world of cryptocurrencies and bitcoin. The value of the largest digital currency continues to soar to record highs after weathering a split last week. It has increased more than threefold this year, compared with a doubling in the value of Vertex Pharmaceuticals, the best performer in the S&P 500 Index. At the record price of $3,486.73 reached Tuesday, one bitcoin could probably fund a nice vacation. By comparison, one share ofRead More