July, 2020 | Moneytruths

Space to grow into – a key feature of my Bitcoin bet….

Earlier this week Tesla’s Price-to-Earnings (P/E) ratio stood at a mind-boggling 10919.85….

You didn’t read that wrong. Investors buying Tesla stock right now are paying that many dollars for a single dollar of earnings….

And plenty are buying. On Monday, US trading platform Robinhood reported that 10,000 traders per hour were piling into Tesla stock….

Tesla is already worth more than multiple mainstream and established car manufacturers – but hasn’t yet made a profit, is yet to produce 500,000 vehicles per annum and isn’t exactly tearing up the tarmac with sales growth….

Buying Tesla stock seems like madness to me. But I guess some people would say the same about Bitcoin….

Betting on hardness….

You’ll find no shortage of people in the financial world who believe Bitcoin is headed for zero….

Investment guru Jim Rogers, for example. Only last month he was reiterating his view that Bitcoin is essentially worthless. Warren Buffett is another critic. There are many more….

But there just as many proponents of Bitcoin specifically and cryptocurrencies generally….

Over the past few years, I’ve stayed neutral – adopting a strict watching brief and waiting to see what happens.… Click here to read more

Wednesday, 1^st July 2020

Why I’m finally about to make a bet on Bitcoin….

Gold is on a tear right now….

It’s no surprise. I told you to expect rising gold prices back at the start of April….

The yellow metal is up 12% over the last 3-months….

Current spot prices haven’t been seen since 2012 and we’re 70% ahead of prices at the bottom of the last bear market in 2015….

Right now, gold is testing the psychological price barrier of $1,800 per ounce….

Should it break through that ceiling, gold holders will sail into previously uncharted territory….

Laughing at the cautious….

Gold is the traditional safe-haven investment during times of financial turbulence, turmoil, and trouble….

Plenty of capital is seeking out that shelter. But not everybody gets it….

Ardent stock traders – ever confident of perennially rising markets – laugh at this caution….

The FTSE has just posted its best quarter since 2010, they scoff….

European stocks – driven primarily by Germany – haven’t had as good a quarter since way back in 2015….

Over in the US, the Nasdaq has been hitting new highs. The S&P 500 just enjoyed its best quarter since 1998 and its best Q2 results since 1938….… Click here to read more