Money – Bitcoin, ‘Dollars’, Gold & Silver

Posted | 27/02/2014 / Views | 1936
Back to News
Next Article

The collapse of Mt Gox, the world’s largest Bitcoin exchange this week has added doubt over the robustness of this new form of ‘money’.  China, the US, Japan and UK are creating record amounts of currency – China now apparently deliberately devaluing its Renminbi/Yuan with the biggest drop this week since 1994.  Then you have gold and silver where demand is exceeding supply, can only be extracted from the earth at a certain rate, and has preserved wealth for 1000’s of years.   Each ‘money’ form, plus shares and property have merit at certain times in one’s investment portfolio.  The key is balance and spreading risk.