Sound Money Update: Gold, Silver, Bitcoin, Ethereum – 11.10.2017

Approximate spot prices

Gold: $1,275 per paper ounce
Silver: $17.00 per paper ounce
Bitcoin: $6,500 per BTC
Ethereum: $300 per ETH

The storm is definitely brewing. What has taken place in Saudi Arabia is nothing short of monumental. How it will play out is anybody’s guess, but my hope and prayer is that we will witness the exposure of the incomparably wicked powers that have controlled the affairs of human governments and institutions for decades and even centuries – perhaps millennia. Perhaps this won’t simply be in our lifetimes, but in the near months. Many investigators believe we are on the cusp of a true revolution in humanity. Others believe we are on the cusp of the apocalypse. Dear reader, please do your own research. Investigate your worldview. Make informed decisions. Understand how to make decisions. Now is not the time for weakness. Be strong in the Lord and in the power of His might!

Gold

Gold has been chopping around underneath $1,300 for a decent period now. The key event I’m looking at is what will transpire between Saudi Arabia and China. The Aramco IPO and the potential for a petroyuan to interrupt the decrepit, decaying petrodollar regime are game changers. Many are forecasting that a petroyuan standard would then quickly pave the way for it to be backed by gold. These paper prices are still under control. There isn’t anything from future Fed chair Jerome Powell to indicate that the precious metals will be set free from manipulation by policy. Keep your eyes on the east.

Silver

Please please please continue to accumulate silver as part of your savings. Hold on for dear life. Average your cost down. Size up those stacks.

Bitcoin

When people figured out that if you own bitcoin prior to a fork you receive both branches of it afterwards there was a big trade up in advance of the SegWit2X fork. When the fork was abandoned, there was a selloff. This current pullback is overdue, and because the highs are close to $8,000 you could see prices spike back to $5,000 the same way they dropped to $3,000 momentarily before recovering, basing, and rallying. It’s been almost a year since I bought my first bitcoin. My trade was covered long ago and now I’m in the HODL crowd (hold on for dear life). We’ll see where things go, but I’d rather stash my bitcoin aside – along with the other iterations that have forked already (bitcoin cash, bitcoin gold) – and see how the next few years pan out. It’s never too late to get some skin in the game. Grab $20 worth of bitcoin and watch it. In any case please do your homework on the blockchain. It’s never too late to start. The best opportunities in the space likely still don’t even exist. Don’t chase. Be patient. Buy the dips if you’re buying at all. Never sell unless you have to and it’s a crazy new spike high.

Ethereum

Ethereum has settled down somewhat over the past couple months trading above and below $300 in a relatively narrow range. My primary interest now are in particular tokens that have proper use cases and disruptive potential. Your attention should be on companies that are coming to market with a product. If you’d like to know which ones I own, go to the cryptocurrency contributions page of The Amateur Society website. There’s enough information there for you to find out. Also, note that many companies are giving away tokens to all ethereum wallets. Now would be a good time to make a paper wallet even if you don’t make any purchases.

Conclusion

DO NOT KEEP YOUR CRYPTOCURRENCIES IN THIRD PARTY WALLETS. HOLD YOUR OWN PRIVATE KEYS. NEVER GIVE THEM AWAY TO ANYONE. LOOK UP THE GLACIER PROTOCOL. ASK QUESTIONS AND GET INFORMATION.

Keep praying. All must come to light eventually, but we need it to happen soon if we are going to escape the paradigm of Luciferian control, debt slavery, and occult oppression.

Disclaimer: These are one amateur’s fallible opinions. Holding any asset is risky, so do your own research and make your own investment decisions.