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Absolute and Real Returns for the ByteTree BOLD1 Index

Absolute and Real Returns for the ByteTree BOLD1 Index

ByteTree BOLD We published the first monthly BOLD1 Chart Book last week, and Dr Peter Warburton wrote in: “Fabulous slide pack. I suppose the remaining questions are:” a) how likely is it that BOLD1 will make an absolute return? b) how likely is it that BOLD1 will make a positive

The BOLD Chart Book - July 2022

The BOLD Chart Book - July 2022

ByteTree BOLD Bitcoin and Gold have recently suffered along with everything else, but the signs are that we’ve seen the worst. US$ strength looks exhausted, which is a relief for risk assets, but can we be complacent about the inflationary outlook? This week we present the BOLD Chart Pack,

Why Is Gold Ownership so Low?

Why Is Gold Ownership so Low?

The chart below shows the performance of gold against the S&P500 and NASDAQ since 2000. Gold has demolished both. It’s a striking picture because this has been achieved during a golden age for equity investing. Yet it seems that few investment portfolios have any proper strategic allocation

Beating the BOLD1 Index - It Is Possible

Beating the BOLD1 Index - It Is Possible

There are 137 equity ETFs listed on the London Exchange that have traded for five years or more (with USD tickers). Over that period, the ByteTree BOLD Index (BOLD1) returned 150.3%, and not a single one of those ETFs has kept up. Over the past three years, the list

The Best Inflation Hedge of All

The Best Inflation Hedge of All

Atlas Pulse Gold Report - Issue 72; By definition, a liquid inflation hedge must be somewhat detached from the financial system and is unlikely to pass ESG screening with flying colours. You could point to inflation-linked bonds, but if things went badly wrong, they would be first in line for

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

We have been asked on more than one occasion why we don’t throw silver into the BOLD (bitcoin and gold) mix. It’s a commodity with similarities to gold - mainly in so far that it has been used as money - so wouldn’t it be a good

Bitcoin: Where from Here?

Bitcoin: Where from Here?

In this piece, we argue that bitcoin should be considered as an option on a store of value. We also look at the reasons behind the current weakness and whether financial repression is likely to go away. Lastly, we look at where we are in terms of bitcoin’s valuation