tag:blogger.com,1999:blog-2986124651030959736.post5507729472541273193..comments2024-03-29T08:03:35.151-05:00Comments on Stocks, Bonds & Politics: Roth IRA: Bought 50 KFNP at $24 and Sold 100 SDA at $14.13/Added 100 Cominar REIT at C$18.15, 50 SAN at $8.62/Sold 202+ TICC at $10.5 (102+ Roth IRA & 100 in a Taxable Account)/Added 50 of the Bond CEF NBB at $17.76TENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2986124651030959736.post-31678183826338738422013-11-29T11:27:18.619-06:002013-11-29T11:27:18.619-06:00CATHIE: What is the fair value of any currency? Th...CATHIE: What is the fair value of any currency? The Bitcoin at least has a limited quantity unlike the USD which seems to have an infinite quantity. As long as enough people view anything as a currency, from seashells to gold, then the item has value as a currency but there is no intrinsic value. <br /><br />More people are willing to accept the Bitcoin in payment for goods and services:<br /><br />http://www.usatoday.com/story/tech/2013/11/27/bitcoin-1000-cryptocurrency/3768821/<br /><br />I know what I can buy with a $20 bill, but what will that Bitcoin buy now or in a few days, weeks, months or years?<br /><br />Gold has a much longer track record as a currency. I would prefer owning one ounce of gold (the pretty American Eagle coin) rather than one virtual Bitcoin stashed in some computer data bank. The prices are close to converging. <br /><br /> TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-59902717988547366212013-11-29T10:37:20.486-06:002013-11-29T10:37:20.486-06:00Thanks for the link to the GMO letter. It's a ...Thanks for the link to the GMO letter. It's a pleasure to read Grantham, who not only writes well, but also has something worthwhile to say...a rare thing these days.<br /><br />I know LB has his fingers on the pulses of ten thousand things and may be pressed for time, but what are your thoughts on virtual currencies such as Bitcoin? http://www.theguardian.com/technology/2013/nov/25/is-bitcoin-about-to-change-the-world-peer-to-peer-cryptocurrency-virtual-wallet<br /><br />"...there's no fundamental reason why Bitcoin should have any value at all. The only reason people are willing to pay money for the currency is because other people are willing to as well. (Try not to think about it too hard.)"Anonymousnoreply@blogger.com