Many gold pundits have dismissed Bitcoin as simply inferior to physical gold. “Gold is everything that Bitcoin is, and even more,” they tell us, “so why use Bitcoin?” Their analysis seems superficial, focusing on things such as (the lack of) physical-backing and the sheer limits of the quantity of gold or Bitcoins that can ever be mined.... »
Gold or Bitcoins? A Real, Non Black-and-White Comparison
February 14 2014
Olav Dirkmaat
How My Mother-in-Law Suffers and How Gold Would Have Protected Her
February 7 2014
Venezuela is like a surreal field experiment of failing economic policies. But sometimes the macroeconomic figures we read about deceive us; they show the harsh reality intellectually, but the human suffering behind those numbers is never revealed to us on an emotional level. Even Joseph Stalin apprehended this asymmetry when he said: “The death of one man is a tragedy; the death of millions... »
Olav Dirkmaat
Killing Volatility: The Euro Crisis Revisited and the Role of Gold
January 24 2014
Bond yields of debt-ridden European countries have been falling recently in line with the gold price. Below the surface, however, things don’t look that pretty in Europe. ‘Bad’ bank loans as a percentage of total bank credit have been increasing in both Spain (13%) and Italy (8%),... »
Olav Dirkmaat
