Nov 202017
A Major Change To Our Monetary System If history is to repeat itself, then investors and savers should be on the lookout for a major change to our monetary system in the coming years. The choices today are Gold, U.S. Dollar (fiat currencies) or Cryptocurrency. Which One Is best to prepare for the future? The most important thing to ask when choosing is “whether or not Cryptocurrency, Fiat currency or physical gold will remain money. What is Money? When analyzing each asset as Money, there are seven characteristics to observe: durability, portability, divisibility, consistency, instant recognition, acceptability and intrinsic value; as well as three functions: unit of account, medium of exchange, and store of value. Precious Metals? Jordan Eliseo (Kitco) said in a report published Monday. “Precious metals are likely the best and, just as importantly, simplest means of protecting your wealth through the difficult market environment we all face in the years ahead. History shows that physical gold has no peer when it comes to protecting purchasing power over long time periods, and why it has been humankind’s preferred choice of money for millennia.” But is that true today? Gold clearly meets the first five characteristics of Money as well as the last one: In that it is intrinsically valuable – both as an display of wealth (think jewelry) and in some industrial applications.” Cryptocurrency? I’m sure that if you’re reading this article, you’re at least a little intrigued by the idea of cryptoassets and blockchain technology. Governments all over the world are scratching their heads at what to do about this new technology. It’s an uncharted area and has already given rise to one of the greatest criminal tools of all time. An amazing part of this technology though, is that everything is decentralized and happens through the Internet, so pretty much all that governments can do is criminalize the exchanging of these cryptoassets. However, any attempts to stop development on these technologies will effectively leave these countries’ governments in the dark ages, while their citizens will still be able to skirt any regulations as long as they have the Internet. I think we’re at a pivotal moment where non-tech-oriented people are only now waking up to the idea that Cryptocurrencies aren’t just fake Internet gold, and that the other cryptocurrencies out there aren’t just a different “brand” of Bitcoin, and can be evaluated entirely on their merits. (more…)
Oct 312017
The Blockchain technology enables tokenization of gold. Investors consider precious metals and cryptocurrencies as substitutes, as the value of both asset classes depends on the level of faith in the national fiat currencies. However, a few cryptocurrencies backed by gold exist, potentially creating financial ecosystems. (a complete list of gold-backed cryptocurrencies is here). The main advantage of gold-backed tokens compared to other cryptocurrencies is that they reduce the exposure to downside risk, as investors can exchange these tokens for gold. Hence, investors should not lose all their money in the case of a market crash, as the value of bullion serves as the floor price (the price of gold-backed cryptocurrency is always at least equal to the spot price of gold). And when compared to investing in physical bullion, gold-backed tokens offer higher comfort of trading. However, there are also drawbacks. Investors have to pay premiums over the spot gold price in order to cover the companies expenses. Mitigating The Risk Addressing counter party risk, all transactions are accompanied by a legally binding international multi signature smart contract minimizing exposure to any financial risk that might exist. The risk resulting from third-party participation and the usual fact that someone has to store the gold somewhere and promise to exchange tokens for the underlying metal, that risk is removed. The reason, the gold is mined from our own mines. We do the refining and minting. When redeemed, the gold is shipped by trusted and insured courier, like FedEx. And we are completely transparent about it. The Bottom Line Is, tokenization of gold is on the rise. This is good news for the precious metals market, as it will increase demand for gold. And the whole idea of gold-backed tokens is fascinating, it will revolutionize gold trading . Although there are some synergies, the marriage between cryptocurrencies and precious metals will not be quick and easy. Some doubts remain: cryptocurrencies are decentralized, while gold must be stored by some central authority. And why should investors buy gold-backed cryptocurrencies and pay a premium, just to have tokens convertible to gold for a fixed weight of Gold. One answer is that Small Gold Tokens are convertible to the one gram it represented at the time of purchase when they are exchanged regardless of the spot price. Another consideration is the trading capability of the coin itself. Cryptocurrency is recording increasing levels of market cap (more…)
Sep 062017
By Paul Ebeling on September 6, 2017 China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract that is convertible, aka backed by physical Gold. The contract will enable China’s largest Crude Oil suppliers to settle Crude Oil sales in RMB Yuan, rather than in USDs, and then convert the RMB Yuan into Gold on exchanges in Hong Kong and Shanghai. This is a significant step in removing the global reserve currency status of USD, and resetting the global economic and geopolitical “landscape.” Over the past several years, China has quietly established RMB Yuan-based currency exchange facilities, which has set up the ability to implement this new non-USD trade settlement financial instrument. According to the Brookings Institute, 34 Central Banks around the world have signed bi-lateral local currency swap agreements with the PBOC (Peoples Bank of China) as of the end of September 2016, including the major Crude Oil-producing countries. With this new contract, China’s largest Crude Oil suppliers will now be able to transact directly with China, and other Crude Oil importing countries, using RMB Yuan which are directly convertible into Gold to settle the trade. This is a mechanism which is likely to appeal to Crude Oil producers that prefer to avoid using USDs, and are not ready to accept that being paid in RMB Yuan for Crude Oil sales to China is a good idea yet. Since Y 1973, OPEC Crude Oil has been quoted and traded using USDs, otherwise known as “Petrodollars.” The “recycling” of petrodollars into US Treasuries has been the life-blood of the US economic and political system. In addition to reducing a major source of funding for the US Government’s enormous deficit spending, the introduction of a Gold-backed RMB Yuan Crude Oil futures contract is an important step toward removing the USD as the world’s reserve currency. More significantly it re-introduces Gold into the global monetary system. As the new Gold-backed “Petroyuan” will allow Crude Oil producers to sell Crude Oil for Gold rather than US Treasuries. Furthermore, it reduces the ability of the US Government to impose its will on the rest of the world. And is a strategic step toward not only ridding the (more…)
Jun 162017
BREAKINGVIEWS-Review: Gold's financial fascination never dies by Reuters Friday, 16 June 2017 13:33 GMT (The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Kate Duguid NEW YORK, June 16 (Reuters Breakingviews) – Before winning the presidency and replacing the Oval Office's red drapes with lamé, Donald Trump was lionizing the gold standard ( He wasn't alone. Campaign rivals Texas Senator Ted Cruz, Kentucky Senator Rand Paul and Ben Carson also backed reviving a policy that had been abandoned by the global financial system 40 years earlier. James Ledbetter's new book "One Nation Under Gold" helps explain why the outdated idea won't die. These Republican presidential contenders were not proposing sincere policies with white papers and serious co-authors. Bullion-backed bucks had been discarded for good reason: it was an impractical constraint that, even when it was the law of the land, had to be abandoned when the United States needed money for war or to combat recession. No countries in the world operates on a gold standard today; there is no consensus on what a standard would look like or how it would be implemented. And, as Ledbetter puts it: "there will never be enough gold in the world to support the U.S. economy at its current size." Yet gold, the book argues, is woven into the American DNA. It is enshrined in the Constitution which says that states may not "make any Thing but gold and silver Coin a Tender in Payment of Debts." Ledbetter chronicles two centuries of debate over the clause's exact meaning and its implications for a federally distributed currency. The California gold rush of the mid-19th century established the West as a locus of political and economic power, largely because of the immigration it brought, and the subsequent development of industry. The gold rush became part of America's founding myth, and for early settlers, evidence of divine providence. Sound money, as commodity-backed currencies are known, also appeals to an American tradition of small government. A limited supply of gold necessarily limits the supply of money a government can issue, which in theory limits government spending. Gold remains of interest to Americans not just as a basis for currency, but also as an investment. Though it pays no dividends and, unlike a company, the size of the asset will not grow, the precious metal is still popular, particularly amid economic insecurity. To (more…)
Aug 182015
This week we are going to begin at the beginning to integrate your WordPress blog with the power of Markethive, the rss cocktails, the groups, the ability to track, manage and build a huge SEO presence backed up by a huge social net.   Markethive offers the most sophisticated and powerful platform for building huge blog clouds, capture pages, press releases, forums, that all work in concert, complementing the entire portfolio of assets, utilizing chaos structures, that Google and other search engines reward because it is all following their good practices. And it all begins here, at this first web based conference. These lessons will be recorded and published within the MarketHive and on our YouTube channel too.   Picking up where I left off over a year ago, with my Establishing A Credible Hive Part #1. You can watch it here or in the MarketHive.       This week, WordPress is the word, and Markethive is the engine to build the content and drive your campaign. Check the Calendar below for the appointed times in our conference room.     Access the conference room via the Blog    CYA There,   Thomas Prendergast CMO Chief Marketing Officer Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Aug 172015
  The Customer Centric Model It has been my agenda for nearly 20 years to reform an industry that is for the most part has been built upon a shifting and unreliable foundation that has always been broken and is heading for total annihilation. If you have attempted to build a business in MLM you will relate to what I am addressing. For over a decade this vision has grown in urgency and definition to help direct a broken industry towards developing a customer based centered direct sales model.  All of this was originally inspired by a maverick move towards customer acquisition by a company called Trivita. In 2001. I was introduced to this new direction in MLM by the simple statement, “just buy your customers”. I had already been engaged in the MLM industry for nearly 10 years at that time. My first exposure to MLM was in 1992 with the first to market consumer (customer) based ISP, nationwide dial up Internet access for $20 per month. I have been an entrepreneur my whole adult life and a good portion of my teen years as well, with my first business started at the age of 14. Prior to my exposure to MLM, I was and still am a traditional business entrepreneur. Therefore to say, I found the MLM model of exclusive distribution to and consumption by distributors and only motivated to this action by pursuing profit; alien, illogical and disturbing. Let me explain: My introduction and very successful sojourn to this day with Trivita helped me discover the stark contrast between the artificial economies of a distributor based sales company in contrast to a customer based sales company.  I studied this comparison for many years and it became painfully clear, the reason traditional MLM fails, regardless of the compensation plan, regardless of the motivational speakers, regardless of the training to sell the “Hope and Dreams” as that is the only way to promote when the products and or services are frankly, always overpriced and usually underwhelmingly ineffective. There are very few exceptions.  So the glaring difference I found in Trivita was the fact that for every distributor I recruited, I averaged 100 customers. Then the fact, I did not have to sell Hope and Dreams and instead, the pitch was just buy customers. The reaction from the potential distributor was always extremely positive and the close rate of a distributor was (more…)
Jul 262015
Gold – Visualized in Bullion Bars There’s surprisingly little Gold in the world & this infographic shows all the Gold ever mined. In this Gold infographic everything is calculated with Gold price at $2000/oz. When Gold reaches $3110/oz, 1 oz of Gold & a $100 bill will have equal value in weight and it won’t matter if you have 1oz of $100 bills or 1oz of Gold. Gold is usually measured in Troy Ounces. A Troy Ounce is about 1.09 regular Ounces.   Gold – Size Chart This is a chart of standard Gold bullion size comparison. The cubes are measured by volume & Gold weight of 19.30 g/cm?3. The plates are typical Gold bar dimensions of same Gold weight. 1 Gram of Gold Photo Example 10 Grams of Gold Image of woman Holding 10 Grams  20 Grams of Gold 5 Grams of Gold 1oz of Gold( 1 Troy Oz = 31.103 grams) 50 Grams of Gold 250 Grams of Gold 100 Grams of Gold 500 Grams of Gold 1KG of Gold   There’s surprisingly little Gold in the world & this infographic shows all the Gold ever mined. In this Gold infographic everything is calculated with Gold price at $2000/oz. Gold – Visualized in Bullion Bars There’s surprisingly little Gold in the world & this infographic shows all the Gold ever mined. In this Gold infographic everything is calculated with Gold price at $2000/oz. When Gold reaches $3110/oz, 1 oz of Gold & a $100 bill will have equal value in weight and it won’t matter if you have 1oz of $100 bills or 1oz of Gold. Gold is usually measured in Troy Ounces. A Troy Ounce is about 1.09 regular Ounces.   Gold – Size Chart This is a chart of standard Gold bullion size comparison. The cubes are measured by volume & Gold weight of 19.30 g/cm?3. The plates are typical Gold bar dimensions of same Gold weight. 1 Gram of Gold Photo Example 10 Grams of Gold Image of woman Holding 10 Grams  20 Grams of Gold 5 Grams of Gold 1oz of Gold( 1 Troy Oz = 31.103 grams) 50 Grams of Gold 250 Grams of Gold 100 Grams of Gold 500 Grams of Gold 1KG of Gold   There’s surprisingly little Gold in the world & this infographic shows all the Gold ever mined. In this Gold infographic everything is calculated with Gold price at $2000/oz. 400 Troy Oz of Gold 999.9 (more…)
Jul 212015
Cryptocurrencies are the first self-limiting monetary systems in the history of mankind, and could be our greatest chance to check the growth of political power since the Magna Carta. Cryptocurrencies could be greatest revolution in human history, and the foundation of a truly free and prosperous planet. There’s a lot to say, but hopefully I’ll make the case here. Bitcoin is great technology and the premiere example of the coming crypto-technical world, global commerce by cryptocurrency. . Cryptocurency is genius. The public ledger of value transfer and information copyright, deeds, wills, almost anything you can think of can be implemented in the Cryptocurrency architecture. It is one of the greatest economical innovations in human history. As business interests and financial interests gained more presence in the government the voice of the people became more distant. This country became an oligarchy. It’s a government in which the wealthy class rules. It’s a modern day plutocracy. We all know this to be true and my position is that it is the fiat currency that enables this tendency in most governments and it is the politics of the fiat currency that make an oligarchy. It is cryptocurrency that can stop an oligarchy and stop a lot more besides. How is cryptocurrency a solution? What was the original money historically? Solid gold is the correct answer. Aristotle defined money as having five characteristics. It had to be portable. It had to be long-lasting and not perishable , It cannot lose its value. It had to be divisible to smaller denominations and be reassembled to primary denomination, and it has to have intrinsic value. The most important characteristic of money, intrinsic value, is that it is limited. Gold has those properties. It lasts long. You can slice it up. It retains its value. You can reassemble it and it has intrinsic value because people historically have come to value it. It’s has thousand of years of perceived value. Cryptocurrency has the same characteristics as gold, except of course, it’s digital. Cryptocurrency is divisible. It is portable. It will last as long as it is used. Once established it will not lose its value. A cryptocurrency only has value in its exchange – it has no inherent value – this is precisely the same as with a ‘conventional’ fiat currency. A dollar is only actually worth what someone is willing to give you in exchange for (more…)
Dec 302014
Our growing national debt is like being a passenger on the Titanic, and trying to change directions to do spending reform is almost impossible. We are going to crash. The citizen taxpayers of today and tomorrow are stuck with the bill and with ever increasing crushing debt obligations. We seem able only to watch helplessly as political leadership in Washington DC continues expanding government obligations — borrowing what they can and simply printing what they cannot. Each day more Americans understand the money bubble will burst, its coming. Our government is increasingly insolvent. The “global reserve dollar” is becoming less used for trade and “the Petrodollar” to be preferred less, and it may not survive at all. The Federal Reserve problem is delusional, they live in the world of dishonest money. FED officials are free to print as many dollars as they wish, the more they print the less purchasing power the dollar has. End the end, the purchasing power you had yesterday is not here today, that loss comes directly from your savings. Real money in the form of “metal-in-hand”, that is, physical precious metals, gold and sliver is a solution. Gold and sliver coins, bars, and rounds represent value that cannot be inflated away. In the long run, no other asset offers the same track record — particularly during turbulent times. Families who save using private, portable, and enduring gold and sliver have been passing wealth from one generation to the next for literally thousands of years. History shows, investments in precious metals do more than simply hold value; they produced real profits. We are likely living in the next of these periods now. Inflation is a worldwide phenomenon forcing entire populations to look for alternatives to the paper in their wallets. “What’s in your wallet”. As more and more people turn to real money, gold and silver, personal purchasing power will rise – it will be amazing — as people bid more aggressively for available stocks. Now is a particularly opportune time for wise people to invest in themselves and buy physical gold and silver coins and bars — both for protection and profit. In every instance of fiat currency collapse, throughout history, gold and silver immediately became “the money”. Why, for the time being, you can exchange your paper currency for real money, gold and silver, by making a simple and direct purchase. A person with (more…)
Dec 182014
Submitted by John Rubino via Dollar Collapse blog, To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why — all fiat currencies go this way eventually and the proximate cause is almost irrelevant). Russians who trusted their government and kept their savings in, say, a bank account, are losing their shirts. But those who own boring, doesn’t-pay-interest, in-a-bear-market gold have seen their capital appreciate in local currency terms by about 60 percent in just the past month. They’re not “making money,” but they are preserving wealth. This is how it has gone always and everywhere when governments have destroyed their currencies. In the Roman Empire, revolutionary France, revolutionary America, most of Latin America in the 20th century, and now big parts of the developing world, local currencies evaporate but gold just sits there, buying the same amount of stuff as ever, impervious to the games governments play. It won’t be long before this chart is replicated in a whole lot of other places. But by then it will be too late to prepare. The gold will be gone and those who trusted their governments will have to make do with promises. Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)