Will Crypto-currencies Replace Gold as Money? 

Alasdair Macleod, Robert Carrington and Michael Oliver return as guests on the radio program.

Some people think that crypto-currencies will replace gold as money, but Alasdair Macleod who sits on the board of directors of Goldmoney provides a very well informed opinion on that issue. Goldmoney recently has begun accepting crypto-currency accounts and it accepts a large number of various crypto-currencies for the purchase of gold, silver, platinum and palladium. How might crypto currencies exacerbate the next credit collapse and threaten fiat money? Is there a reason to anticipate crypto-currencies would then hold an advantage over fiat money?

Assuming gold prevails as the ultimate money, we want to own successful exploration companies that are finding gold money in the ground like Robert’s Newrange Gold Corp. Robert explains that company’s ongoing success and as always Michael updates us on major markets of concern.

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Alasdair Macleod runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. Alasdair has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation.  His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts

 

 

Robert Carrington, BSc., PGeo, QP,  is President & CEO, and Director of Newrange Gold Corp.

Robert Carrington has had more than 30 years of exploration, production and executive management experience with various junior mining firms. He is the former CEO and a Director of Gold Canyon Resources and the CEO and founder of Colombian Mines Corporation, now Newrange Gold Corp.  As an early explorer in Colombia (since 1992), his experience was the basis for formation of Colombian Mines Corporation, which company is now active with a very promising project in Nevada. 

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism