Bitcoins, an electronic currency not backed by any governmental or corporate institution, were recently the subject of a bi-national currency play. You could pay for a bitcoin in U.S. dollars, and sell it for considerably more in Chinese yuan. The gap for this play peaked on Nov. 19 with a 30% spread. However, bitcoins are still vulnerable to the currency controls of governments. Chinese officials announced last week that commercial banks are forbidden from dealing in bitcoins.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: