Bitcoin has a lingering problem that few people are talking about amid the renewed exuberance of the recent price surge.
Hardly anyone is using the world’s largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years.
Even though marque companies such as AT&T Inc. now let customers pay with cryptocurrencies, the problem is that few speculators want to use the digital coins to pay for wireless services when the digital asset’s price might surge another 50% in a matter of weeks. That’s become the main dilemma with the cryptocurrency: Bitcoin needs the hype to attract mass appeal to be considered a viable electronic alternative to money but it has developed a culture of “hodlers” who advocate accumulation rather than spending. Full Article Bloomberg
GOLD STANDARD AS THE FIRST FINANCIAL CENTER OF DIGITAL ECONOMY
Gold Standard Bank has become the most significant global multinational holding company in financial sector that has been setting new trends in the blockchain sector development. Its rapid growth is based on the understanding that the world of the future will draw on technology and gold. Over the past few years, it has become the largest venture, which has implemented a numberof successful innovative blockchain projects related to introduction and development of gold exchange transactions.
With the uncertainty in the world economy it is never too late to make a safe investment in gold. How to invest in gold can be done easily and securely and it does not matter what the price of gold is currently trading at. When you purchase gold it is a good idea to dollar cost average your purchases. This means that you will be putting a certain amount of money towards whatever type of gold investment you prefer each and every month. You will do this regardless of the price.
There are 4 different ways that you can invest in gold. These include gold bullion, gold ETF’s, gold-mining stocks, and gold ETN’s. The two more common choices are gold bullion and gold mining stocks. With gold bullion you can purchase physical gold including gold jewelry, gold bars, and gold coins.
Gold bullion, coins, and jewelry can be stored in a floor or wall safe in your home or in a safety deposit box at your bank. You can also store your gold at certain companies such as Karatbars in Stuttgart.
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data.
Realtors pointed squarely to dropping mortgage rates and home prices for the increase in demand.
“Consumers are very sensitive to mortgage rates, at least that’s what we are finding out. So as mortgage rate began to drop, there was evidently a strong pent-up demand,” said Lawrence Yun, chief economist for the Realtors.
At the start of last year, housing demand was robust and rates relatively low, with the average rate on the popular 30-year fixed right around 4 percent, according to Mortgage News Daily. That caused a frenzy in buying through the spring. But with supply remaining tight, prices overheated.
By summer, those prices were moving out of reach, especially as interest rates began rising. By November, the average rate on the 30-year fixed had spiked over 5 percent, and home sales plummeted.
Mortgage rates then began falling in December and moved decidedly lower in January to around 4.5 percent, causing the renewed interest in buyer demand. More consumers now believe it is a good time to buy a home and more believe the economy is improving, according to a sentiment survey by the Realtors in the first quarter of this year.
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors.
That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that artificially pushed one month’s sales into the next month.
Home prices have been moderating for months and were up just 3.2 percent in February, the smallest annual gain in a few year.
How to start in real estate investments? Contact me HERE
Central banks around the world have teamed up to fleece the public for centuries. Last week, the Swiss National Bank broke rank by not only lying to the public – but by lying to their Central Banking cohorts.
Why wait for governments when the Free Market can fix the currency crisis itself? Dan Girolmo, a Karatbars Gold Director Elite joins Gary Franchi to roll out the worlds first private issue international Gold Currency.
Fiat money is, of course, “fake” money. It is printed on paper, and secured by no real collateral. Commodity money is the opposite. It is still printed on paper, but is usually secured by collateral of some kind (usually gold ie: the gold standard).
Most fiat money is actually secured by the issuing government’s ability to keep its currency stable. This is how America operates it’s currency. It keeps its value based solely on the American government’s ability to not screw it up. It allows for much easier manipulation of the currency, but can be risky during economic turmoil (like right now). [Commodity Money vs. Fiat Money]
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