Executive Summary For 46 years, Guild Investment Management has had one goal: to help investors succeed. We have historically focused on investing in stock, bond, currency, and gold markets in the U.S. and worldwide. In recent months, clients and readers have asked us to consider launching an investment partnership for Read more…
Let’s start with a review of U.S. and global economic, trade, finance, and banking outlooks. • The U.S.: Bullish economics, very strong. Trade negotiations not a lasting problem. • Europe: Neutral. Avoid. • Asia: Growth companies are attractive. The U.S. dollar is strong; this is neutral for Asian commodity exporters. If and when the Read more…
In January, 2009, bitcoin’s founder, known only by the pseudonym “Satoshi Nakamoto,” launched the cryptocurrency era by mining the first bitcoin block. Since then it has been a wild ride for bitcoin users, enthusiasts, speculators, and traders, with digital assets ranking as among the most volatile financial assets in history. Read more…
U.S. Economics Economic data continue to impress, with wages finally moving higher by about 3% year over year, and S&P 500 profits expected to rise by 15–16%. More positive news is that the U.S. has become a net natural gas exporter, and with the creation of several new gasification and Read more…
Digital assets such as Bitcoin, Ether, and others have appreciated so much in 2017 that their interest and appeal are irresistible — not just to speculators, but increasingly to institutional investors. Anyone who has not participated in the rally is faced with a conundrum. At every step of the way, Read more…
What Are Digital Currencies — And What Do They Mean For Gold? Guild Investment Management June 22, 2017 Bitcoin is in the news, once again driven by a price spike that makes speculators and would-be speculators start counting their unhatched chickens. This time, the granddaddy digital currency has competitors — Read more…
The Bitcoin Fork Bitcoin’s wild gyrations have this year become even wilder, driven largely by an ongoing “civil war” within the community of coders and miners who make up the cryptocurrency’s ecosystem. Source: Bloomberg So what’s the nature of this civil war, what are the stakes, and what might Read more…
Digital Currency “ICOs” and the Regulators Two weeks ago, we wrote an introduction to digital currencies in which we pointed out how fast these new instruments have proliferated. Nearly a thousand are currently available — and almost a hundred more are now listed on coinmarketcap.com than when we ran the Read more…
Beyond Bitcoin Last week we wrote a simple introduction to digital currencies, describing the motivation of their creators, the technologies that underlie them, and some of the pitfalls that may be waiting for speculators. A lot of readers found the piece helpful; if you haven’t seen it, please feel free Read more…
What Are Digital Currencies — And What Do They Mean For Gold? Bitcoin is in the news, once again driven by a price spike that makes speculators and would-be speculators start counting their unhatched chickens. This time, the granddaddy digital currency has competitors — “altcoins” — which are also attracting Read more…
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