Wednesday , 24 April 2024

New Developments in the World of Money

Due to concerns about inflation and money printing, the last 20 years has seen anbitcoin-435cs061112 incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story.

The above words of Will Bancroft (the realasset.co.uk) are edited excerpts from the introduction to his following infographic* entitled The growing digital challenge to government money.

[The following infographic is presented by  Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample hereregister here). This paragraph must be included in any article re-posting to avoid copyright infringement.]

digi-money-infographic

*http://therealasset.co.uk/digital-money-infographic/ (© Copyright The Real Asset Company 2013. All rights reserved.)

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What currency is feared by the European Central Bank as a threat to fiat monetary institutions?  What currency is cash-like, but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer?  Bitcoin. Read More »

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For weeks commentators have been discussing the possibility of Greece leaving the eurozone and how a return to the drachma might be facilitated…The drachma is not Greece’s only option however….In some parts of Greece social entrepreneurship, technology, and skepticism of politicians have already given rise to alternate trading mechanisms and created an environment where a cyrpto-currency by the name of “Bitcoin” could become increasingly popular. [Let me explain.] Words: 709 Read More »

 

 

 

One comment

  1. As ever more investors become leery of flat printed money expect to see additional forms of “monetized” wealth become ever more popular. It will be interesting to watch as the Government(s) find new ways to make them illegal, in an effort to support their own flat money economies. Because Central Banks and /or the Fed can enable naked trades to keep PM’s posted values down they have no such lever for “monetized” instruments since they are valued by their owners…