The rich people have always wanted to evade taxes and legal questions. several countries have been protecting their money from taxes and securing their banking secrecy . greece had banks of this kind and the rich people went to greece to put their money. but with the passing of new international laws and sanctions ,these banks are closing one by one and now we see a very big crisis in greece , an economic crisis because of the closure of banks. the rich people has moved to switzerland. now we hear that new new laws have been imposed. in usa there are few banks that protect money from taxes, this is the war of rich people and usa govermnt, when we see the cryptomarket fall like this, we conclude that there is another place where the money went , or the banks several months ago, decide to enter market too raise the price of coins, and now they withdraw the money, giving the world a bad idea and insecurity for digital coins. and confidence for the currency, no one wants to enter this market , the goal is to make the people scared, they want to trapping money, in the end the money is return to usa govermnt.
Kommentar:
Total Market Cap: $283,029,943,735 today, market was more than 700 billion, where is the 500 billion rest ??!!!
Kommentar:
So will the Phoenix currency, (which the Economist forecast in 1988 would rise in 2018), be a Crypto$. Or will it be gold backed trading in Yuan and Ruble. Or will it be the Bitcoin mania going to $1million? We don’t know of course. But what we do know is that 2018 is likely to contain many surprises on the currency front with massive volatility not only in currencies but also in most other markets.
What we also know is that although cryptos can go a lot higher before they collapse, they offer no protection for investors seeking wealth preservation. Very few of the holders of the current $588 billion in cryptos will be able to get out before these reach zero. Greed is one of the 7 deadly sins and it always punishes mania investors.
Gold will continue to be the only currency to survive in history just as it has for almost 5,000 years. Physical gold and silver is the ultimate form of wealth preservation as well as insurance against the economic and financial calamities that the world will experience in coming years.
Whether there will be a new world currency in 2018 or not is irrelevant since all fiat currencies always fail. Gold and silver are today as unloved and undervalued as they were in 2000. It is very likely that the precious metals cycle bottomed in December for the third year running. Importantly every bottom has been higher. At $1265 we are today $220 above the Dec 2015 and $130 above the Dec 2016 bottoms.
A new currency would only be a temporary phenomenon whilst gold will continue to be the only constant money in history. The very strong up-move of gold and silver in 2018 will take the investment world by surprise. Investors must pay heed and not be left behind.
What we also know is that although cryptos can go a lot higher before they collapse, they offer no protection for investors seeking wealth preservation. Very few of the holders of the current $588 billion in cryptos will be able to get out before these reach zero. Greed is one of the 7 deadly sins and it always punishes mania investors.
Gold will continue to be the only currency to survive in history just as it has for almost 5,000 years. Physical gold and silver is the ultimate form of wealth preservation as well as insurance against the economic and financial calamities that the world will experience in coming years.
Whether there will be a new world currency in 2018 or not is irrelevant since all fiat currencies always fail. Gold and silver are today as unloved and undervalued as they were in 2000. It is very likely that the precious metals cycle bottomed in December for the third year running. Importantly every bottom has been higher. At $1265 we are today $220 above the Dec 2015 and $130 above the Dec 2016 bottoms.
A new currency would only be a temporary phenomenon whilst gold will continue to be the only constant money in history. The very strong up-move of gold and silver in 2018 will take the investment world by surprise. Investors must pay heed and not be left behind.