Equity Rotations, Cash-Secured Puts, and Gold Dislocations - Lyn Alden
Bitcoin, invented by a mysterious figure, Satoshi Nakomoto, whose true identity is the subject of many a conspiracy theory, experienced even more of a rollercoaster ride than gold in 2011, soaring in value from less than $1 a bitcoin to almost $30, before plunging below $5. Many thought that this apparent bursting of a bitcoin bubble would put an e
... See moreMichael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)
When comparing prices of goods and services to the value of government money and gold, we find a significant rise in their prices as expressed in government money, but relative stability in their prices in gold. The price of a barrel of oil, for instance, which is one of the key commodities of modern industrial society, has been relatively constant
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
Say you are a pension fund that needs an 8% return to meet its liabilities without difficulty. And say that stocks have been inflated to the point that you can in all honesty expect only a 2% return over the long run from here given reasonable assumptions about valuation metrics returning to something sensible at some point. You might be tempted to
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
It was a fear of the economic and social upheaval that might be caused by money losing its value that drove Britain to adopt "sound money" policies nearly 300 years ago. This move coincided with an unplanned switch to using gold instead of silver as the basis of money and, ultimately, to the accidental birth of the gold standard. Its &quo
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