Partners in Crime : Gold and Bitcoin Breaking Out Together

in #investing5 years ago

Only criminals and crazies own Gold and Bitcoin right? Well if you believe the mainstream narrative then that’s what you’ve been taught to think, but if you’re here reading this post on STEEM then chances are you’re a bit smarter than that. You might have even heard Gold Bugs trashing Bitcoin as a scam or Bitcoin Zealots Maximalists claiming Gold is just a relic and a pet rock – just like the Central Bankers would have you believe. Don’t be fooled though. These two Alternative Assets are on the same team.

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"What team is that?" You ask. This is the team that acknowledges there is something fundamentally wrong with our Financial System and the smartest thing any investor could be doing right now is getting the hell out of it. If you’re looking for the Exit Door then look at Gold and Bitcoin because they are a great place to START.

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The Mainstream Media don’t really like talking about either of these two alt-assets but when they do they usually dismiss strength in either as a result of the Trade War or fears of a Hot War with Iran. Just like they pointed to Brexit or the Trump election in recent years – it’s all a misdirection to try and keep you from figuring out the truth. Our Financial System is broken and like a giant Ponzi Scheme the only thing that is holding it up is Confidence. Yes – Todays Central Bankers and Politicians are running the biggest Confidence Trick of our lifetimes, possibly even the biggest in human history and at the centre of this scam is Fiat Currency. Paper backed by nothing but the empty promises of increasingly bankrupt governments.

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The real reason that Gold and Bitcoin are breaking out together is because the Smart Money has figured out that the global economy is rolling over and we have a major problem on our hands with the massive asset bubbles that have been created since the Great Financial Crisis. They know (as do our elite bankers) that the system is highly leveraged and the Central Banks and Politicians have no choice but to try and pump stimulus into the asset bubbles to try and keep them inflated or we'll suffer a horrific crash as the leverage unravels. In Layman terms that means Quantative Easing Printing Money and Low Interest Rates More Cheap Debt. This Road to Ruin inevitably results in Currency Debasement, High Inflation the paper or plastic in your wallet being worth less and less. The Smart Money wants to get out of Fiat Currency before it blows up.

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But don’t just take my word for it. Listen to the markets because they are telling you what’s going on. Gold and Bitcoin have both been on a tear lately. Gold has hit a 6 year high in US Dollars and has broken through key resistance. It’s up over 10% in just the last month - which is a HUGE move for Gold.

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Meanwhile Bitcoin has just cracked $11,000 US Dollars again and already looks ready to take another leg higher. It’s up 175% in the last 3 months.

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As they say "Money talks and bullshit walks" so listen to what the money (markets) is saying and ignore the bullshit (mainstream media). These alt-assets have been held down for a while now, but when I listen to the markets I hear them both singing with full voice "I’m gonna break my rusty cage and run!"

DISCLAIMER – This information is for general information only and should not be taken as financial advice. I am not a financial adviser and I encourage all readers to seek independent financial advice before investing in Gold or Bitcoin


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I never looked at market movements on Gold, & after checking - Its true the two are moving up together and a smart description of the primary reasons are highlighted on this post. 👍

Posted using Partiko iOS

They are not always correlated, but at the moment for sure they are.

You fucking rule buggs! It is exactly this ⬆️
👊😎

Thanks mate. I know that with you I am preaching to the choir, but I appreciate the encouragement anyway! :)

Be careful of BitCoin and the other Crypto Currencies... There's no telling what will become of them, once the U.S. Crypto Coinage is activated and backed by U.S. Bullion Coinage...
June 24, 2019...

Bitcoin literally cannot be stopped.

I don’t think BitCoin will be the Crypto of Choice... Just keep that in mind...

Correcto-Mundo!
😎👍

What the Dumas doesn't seem to understand, is that the Face Value of U.S. Bullion Coinage, can be exchanged for an "equal" Face Value amount of U.S. Clad Coinage, U.S. Paper Coinage or U.S. Crypto Coinage if my Pocket Change Theory is Correct...


June 25, 2019...

Dude, i’d Say yer gonna’ be counting coins on the street if you stick with your theory... but you’d probably agree with me!!! 😜😳😁🤣😂🙌

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I don't know buddy. I like Bitcoin. I like crypto in general, I have almost 25 years in cyber security under my belt!

But fuck me... can it get better than gold? I don't think so, not long term. Silver is even better now short term. Bitcoin, yeah, rather than any other right now. But, long term... I'm not sure. EOS is better.

There’s one last Week in this Month... Use it wisely... You really do need to read my last Blog... The Reset will bring BitCoin to $112.50 in U.S. Bullion Coinage... What does it take to open your eyes...???

Classic comment. Well played sir.

I'll still like Silver and Gold... Even when they reach a Melt Value Price of $3.50 and $35.00 per Ounce after the U.S. Monetary Reset... BitCoin will reset to $112.50 in U.S. Bullion Coinage, if the Reset were to have happened today...

By the way... The Coinage I’ll be Counting, will be U.S. Bullion Coinage... And it won’t be in the Streets... U.S. Clad Coinage is only a "means" to that end... You just don't get it...

Congratulations @buggedout! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

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Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Kick ass #buggedout. Thank Jimminy Cricket I have a little gold. I wish I had the means to have BTC but I just don't have any dolla's.

At least you've got something my friend. Puts you ahead of 99% of people out there I am certain.

No doubt brother its not gonna get better. Buy it up

Wish I could buy more....

There is no doubt that gold and cryptocurrencies and especially bitcoin are two assets that will have a lot of prominence in the near future, a very good article.

We just need silver to join the party my friend, cheers mate.

I am looking for the right silver play as we speak. Unfortunately not a lot of good silver deposits here in Australia.

Hey, @buggedout.

Very interesting indeed, and something I was expecting would happen way before now (a rise not only in bitcoin, but gold as well), but somehow, things just manage to keep floating along (the stock market, the economy at large).

I guess it's a good thing the education system has been dumbing us down for generations now, so that we think free means things come from thin air or that whoever pays for it will be able to do it forever with no consequences.

I guess we'll see how much longer all of this can last.

We will find out soon enough. Honestly if it's just a recession with a bit of inflation and a few sporadic defaults then we'll be very lucky.

I don't know about everywhere else (my guess is, it's got to be similar), a recession in the middle of a presidential campaign is rarely good for the incumbent, so if it manages to come before November, 2020, we will probably see a Democrat president. If it waits, then Trump will more likely be he winner again.

Since they've digitized everything, they seem to have a little bit better control over things as far as keeping things afloat. I marvel at it, as much as I wish they would leave well enough alone.

Dear @buggedout

I just visited your account to see if you published anything new only to realize that you seem to give up on Steemit? :(

Hope you're not done with this platform yet.

Yours,
Piotr

I haven't left. I'm trying to post once a week but do tend to miss a week or two here and there.

Hi again @buggedout

20 days later .... :) still no new publications to read bububu :)

I'm still here. Planning a post for the next 48 hours to update on a recent topic ;)

Dear @buggedout

I've noticed that you just published new post. Going to read it right away :)

ps.
Since you're so responsive, I thought that perhaps I could share with you my latest publication and ask about your own opinion on discussed subject:
"DID OUR WORLD LEADERS JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?"
https://www.steemit.com/economy/@crypto.piotr/did-our-world-leaders-just-push-global-recession-away-from-our-doorsteps

I would appreciate it greately.

Yours
Piotr

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