Showing posts with label jim rickards bitcoin. Show all posts
Showing posts with label jim rickards bitcoin. Show all posts
Bitcoin vs Gold Debate with James Rickards and Roman Skaskiw
Caution in the World of Bitcoin
Bitcoin is an interesting phenomenon. I�ve actually read a number of the technical papers, a number of legal briefs on them. I�m not anti-bitcoin or [a] bitcoin basher. I don�t invest in them personally, I don�t recommend them to clients. I understand them technically. They seem to appeal to technophiles and libertarians.
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
The only thing I say to bitcoin people is, watch out for a couple of things. Number one, if you buy a bitcoin at one level and you redeem it for goods or services at a higher level, you have a taxable gain you have to put on your tax return. I daresay, very few people are doing that so they�ve all sort of become tax evaders.
And, a lot of people think if you�re in the bitcoin cloud the government is not watching, they are watching. So, consider the fact that you may be a tax evader and the government is looking over your shoulder, this will play out in time. So there is a little bit of caution in the bitcoin world.
- Source, Finance News Network:
http://www.finnewsnetwork.com.au/archives/finance_news_network25563.html
Jim Rickards on the Recession of 2014 and Greek islands for sale
And is there no where safe to keep your bitcoins? Sadly, that might be the case. Some "bitcoin-bandits" made off with over $1 million worth of electronic booty. We'll tell how they did it.
Finally, we have seen an unprecedented expansion in the monetary base over the past decade. However this phenomenon is not just limited to the US: Canada, South Africa, and Japan have all facilitated extraordinary expansions of their monetary bases, leading some to call this a competitive debasement of currency. In 2010 Guido Mantega, Brazil's finance minister, famously proclaimed "We're in the midst of an international currency war, a general weakening of currency." That was three years ago, so where are we now? We talk to James Rickards, author of of the bestselling book, "Currency Wars."
- Source, Russia Today:
Jim Rickards - Currency War's Update
Jim Rickards is interviewed by Future Money Trends. Jim gives a status update on the ongoing currency war's and talks gold, silver, bitcoin and much more. Enjoy the interview!
- Source, Future Money Trends:
The Great Bitcoin Debate
Ribbit Capital's Micky Malka and Tangent Capital Partners Jim Rickards debate the pros and cons of bitcoin from the Bloomberg Link Next Big Thing Summit in Half Moon Bay, CA.
- Source, Bloomberg TV:
http://www.bloomberg.com/video/bear-and-bull-the-great-bitcoin-debate-yOOpf~n4TQqRl~K_I~Tg6A.html
- Source, Bloomberg TV:
http://www.bloomberg.com/video/bear-and-bull-the-great-bitcoin-debate-yOOpf~n4TQqRl~K_I~Tg6A.html
Subscribe to:
Posts (Atom)