Vinny was a tall, skinny Dutch guy I’d met while backpacking around Canada when I was 18. We became firm friends and kept in touch for many years. I, toiling amongst the pointy shoes in the city of London, and he, managing a family business in Holland. This meant that
Has Bitcoin just become a geopolitical tool in an increasingly politically fractious world? We look at how and why Russia is moving forward with cryptocurrency both in mining and blockchain development. The $100m investment into mining follows blockchain technology being reportedly viewed as a “promising tool to assist Russia in diversifying its economy beyond oil and gas” by President Putin.
“Freddie experienced the sort of abysmal soul-sadness which afflicts one of Tolstoy’s Russian peasants when, after putting in a heavy day’s work strangling his father, beating his wife, and dropping the baby into the city’s reservoir, he turns to the cupboards, only to find the vodka bottle empty.” ― P.G. Wodehouse, The Best
Regular readers will have been very well positioned to take advantage of what is happening in emerging markets and specifically currencies as we can see from the fairly dramatic chart below. We’ve been positioning for a USD bull run for some time now. Back in October we made the call
The Russian Central Bank continues to buy gold. Just yesterday the news came out that Russia had added another 200,000 ounces in June, and that their total reserves have reached 22.8 million ounces. They’ve been on a tear for the last several years, as you will see from the chart