Why Bitcoin, Other Crypto Coins Have Value

“Where is the value of Bitcoin coming from, actually…?” Pretty simple: Bitcoin has evolved into something that a lot of people want — like, or even more so than, a dollar or a yen — and Bitcoin is in limited supply due to the complex proof-of-work requirements underlying Bitcoin. This means, that even tough the system continues to crank out “coins”, this will stop when it reaches 21 million. The underlying idea of Bitcoin was to create a currency whose value, unlike that of the dollar, could not be watered down by some central authority like the Federal Reserve. When...

Physical Bullion and Spot Prices for Gold and Silver

With spreads getting larger between precious metals spot market and high street prices for physical bullion, it is increasingly obvious that the recent breakdown in gold and silver prices has become largely irrelevant to gold and silver investors. These differences in price result from mark-ups dealers charge for physical bullion and coins over daily gold spot or silver spot prices quoted, as Phyzz is never sold at par with spot prices. Just try to get a hold of Phyzz these days, and you will discover that you wil definitely not buy anything at around $24 or €22 despite both cash...

Cyprus Provides Interesting Reading for Savers and Private Households Alike

Although officially “solved”, the crisis in Cyprus is of significance to investors, small and large savers and actually every private household in many countries. Often seen as a “small scale” model scenario for a “real” crisis in the euro or, in fact, any paper currency worldwide, the handling of the Cyprus crisis offered very interesting reading and quite alarming insight into how bureaucrats handle — or intend to handle in the future — any kind of lack-of-trust problem in the economy. Said German finance minister Wolfgang Schäuble: “Touching personal savings is of course a very sensitive area, and we need...