Our guest notes
the price of gold
would be much higher
if the trade war
were a legitimate
threat to economic
growth.
Gold
aficionados will
be rewarded for
their patience once
the EU experiences
a renaissance in
economic output.
While
Oanda remains bullish
on the oil sector,
during the summer
months production
increases tend to
boost output.
The
host / guest agree
that the digital
blockchain revolution
will be the foundation
of the global economy.
The
unique portfolio-beta
balancing qualities
of cryptos make
adding a modicum
of digital assets
to portfolios sound
advice. Signal Hunters
is excited to present
blockchain embedded
images from Mars,
courtesy of NASA,
in a Bitcoin fork
token - contact
the host for detailsgsradio@frontier.com
The Bitcoin Bubble
- the exponential
rise of Bitcoin
/ Cryptos in 2017,
where Bitcoin ascended
from $1,000 to $20,000
in only 12 months,
a 20x advance was
a bubble: the
host / guest draw
parallels with the
epic Nikkei market
zenith. However,
the host finds similarities
with the Dot.com
bubble where many
companies survived
and thrived, such
as Amazon, Google
and eBay.
Governments
can shutdown cryptos
easily: Mr.
Pento notes the
small number of
BTC holders and
core developing
team as potential
challenges. The
host counters, citing
the decentralized
nature of many coins
and peer-to-peer
structure of Bitcoin
In addition, Bitcoin
remains a national
currency of Japan,
extremely techno-friendly
country.
Crytocurrencies
are not money or
currencies:
Mr. Pento says cryptos
are not rare and
indestructible,
the host counters
with the nearly
indecipherable nature
and immutable aspects
as well as the distributed
digital ledger -
cryptos maintain
value, albeit highly
volatile, ideal
peer-to-peer digital
currencies.
Gold
is real money but
not silver:
Gold is the king
of currencies, silver
is the prince and
cryptos share many
similar qualities.
Bitcoin
has been diluted
by Forks (similar
to dividends) and
10,000 other competing
tokens: The
host agrees that
there is dilution,
however, there are
also over 15,000
stocks trading on
US exchanges and
many companies within
each industry; dilution
does not detract
from the value of
cryptos but is de
facto evidence of
the need for diverse
tokens.
Cryptos
have no value?
Mr. Pento advocates
digital wealth as
a chief means of
transferring wealth
abroad. The host
directs the dialogue
to the Bitcoin revolution
underway in Venezuela
where people are
fleeing the nation
in droves amid 10
million percent
inflation, as forecasted
by the IMF in a
Reuter's article
on GATA.org.
Moving wealth across
borders is challenging
given that $300,000
could soon
be required to purchase
a $3 loaf of bread,
just 2 years earlier
and a gold coin
$120,000,000 or
$120 million!
Parallels are drawn
between the numerous
inflationary fiasco's
from the genesis
of civilization
until today, including
Ancient Greece,
Rome, China, 100
years of inflation
during the 1700's
in France, perhaps
best illustrated
by the easy to read,
Fiat Money Inflation
in France (White,
1876), free
PDF / HTML copies
here. In the
last century, hyperinflation
ravaged the economies
throughout Europe
as well as Zimbabwe.
Michael
Pento outlines his
less than favorable
Bitcoin price forecast
via the Pentonomic
multivariate-regression
model.
Bob
Hoye,
Editor
&
Chief
Investment
Strategist
of Charts
and
Markets.com
rejoins
the
show
with
must-hear
commentary.
The
US equities
market
and
the
precious
metals
sector
seem
like
safe
investment
strategies.
The
duo
comment
on the
market
correlation
in the
cryptocurrency
market.
Bitcoin
and
most
Altcoins
share
low
correlations
with
competing
asset
classes.
Digital
currencies
are
solid
investment
portfolio,
beta-boosting
asset,
for
risk-tolerant,
investors.
The
discussion
includes
an overview
of financial
bubbles
and
the
implications
for
future
market
prices.
Please
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Real Audio
MP3
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click above & "Save Target As..." to
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visit the FAQ.
Guest
Bios
Bob
Hoye
Institutional
Investors
With
a degree in
geophysics
and a number
of fascinating
summers in
mining exploration,
one winter
in "the
bush"
quickly led
Bob into the
financial
markets. This
included experience
on the trading
desk and in
the research
department
of a large
investment
dealer, which
led to institutional
stock and
bond sales.
Bob's
review of
financial
history provided
the forecasting
models designed
to anticipate
significant
trend reversals
in the sometimes
alarming volatility
typical of
the transition
from rampant
speculation
in tangible
assets to
fabulous speculation
in financial
assets.
In
anticipation
of the latter
opportunity,
a monthly
publication
for financial
institutions
was started
in January
1982.
This
competently
covered the
stock market,
the yield
curve, credit
spreads as
well as metal
and energy
prices.
In
1998 the Institutional
Advisors website
was started
as a forum
for unique
and reliable
financial
research.
With
more than 20 years trading experience,
Ed
Moya is a market analyst with OANDA,
producing up-to-the-minute fundamental analysis
of geo-political events and monetary policies
in the US, Europe, the Middle East and North
Africa.
Over
the course of his career, he has worked
with some of the worlds leading forex
brokerages and research departments including
Global Forex Trading, FX Solutions and Trading
Advantage. Most recently he worked with
TradeTheNews.com, where he provided market
analysis on economic data and corporate
news.
Based
in New York, Ed is a regular guest on several
major financial television networks including
BNN, CNBC, Fox Business, and Bloomberg.
He is often quoted in leading print and
online publications such as the Wall Street
Journal and the Washington Post. He holds
a BA in Economics from Rutgers University.
Safe
haven assets are the investment
du jour amid record financial
volatility - Goldseek.com Radio
presents its new sponsor, Northern
Vertex Mining Corp. Americas
newest gold producer is focused
on low cost gold and silver
production and exploration in
the USA, at it's 100% owned
Moss Mine located in NW Arizona:
The
Northern Vertex Mining Corp. (NVM) team
has solid experience in every area of
operations, mine development, exploration,
acquisitions and financing of mining
projects.
The
NVM flagship Moss Mine is expected to
consolidate additional producing or
near-term production gold assets within
the Western US.
Through
mergers and acquisitions the NVM mission
includes reaching mid-tier gold producer
status at a rate of over 200,000 ounces
of
gold production annually.
To
find out more about Northern Vertex
Mining Corporation, listeners are
encouraged to direct their web browsers
to www.nothernvertex.com.
The
ticker symbol is NEE.v
and on the International Nasdaq OTC:
NHVCF.
The
Blockchain revolution is transforming
the global arena, disrupting every industry
in its path. Goldseek.com is excited
to introduce an off the chain opportunity
in digital gold and silver from our
friends at APMEX
and Sprott
Inc.
The
first online marketplace to offer
secure and convenient buying, selling
and redemption of digital PMs.
OneGold
uses VaultChain, a secure, immutable
blockchain ledger developed by Tradewind
Markets, the leading innovator in
digital precious metals distributed
ledger and blockchain technologies.
OneGold
digital gold and silver are 100% redeemable
through OneGold for delivery of physical
bullion to customers doors.
VaultChain
gold and silver are available for
purchases of any size and competitive
prices with low transaction and storage
costs.
OneGold.com
is secure and accessible 24/7 on any
device, offering convenient purchases
and sales of precious metals.
Easy
recurring transactions, makes passive
saving and dollar cost averaging the
gold price, as easy as a mouse click.
As
a special offer and for a limited
time only, OneGold is offering gold
and silver at spot price, with no
additional premiums.
VaultChain
sets the industry standard as a fully
backed physical asset, with easy redemption
in coins, rounds or bars offering
clients peace of mind and full transparency.
Blockchain
Conservation Imitative - Proof of Safe Tusk
(PoST)
The
host proposes a blockchain based, conservation
effort (PDF
Paper) to bring a stop to the cruel
and unnecessary ivory trade - if you know
someone who would like to get involved and
or support the effort, contact Chris at
gsr@hughes.net.
On
the cusp of a new year, season 14 of Goldseek.com
Radio, the head of The
Morgan Report rejoins the broadcast
with unique insights on the financial
markets.
Part II. - Peter Schiff &
Chris Waltzek Ph.D. - December 11th, 2018.