Politicians enriching themselves through their public positions is nothing new – but it is a crime. It is unethical. And it stealing the very people they have been elected to represent.
It has been rumoured that there are some in Washington DC, who may have been enriching themselves at the expense of the American people. In the past they have been referred to as ‘The Swamp’.
Starting this week – the draining of the swamp went into overdrive.
The video below by US Attorney and former New York City MayorMr Rudy Giuliani, is a must watch.
The video in conjunction with an alleged hard-drive full of incriminating emails will have massive implications for the upcoming US election. And no doubt for many other players in the US political arena.
We will continue to monitor the revelations as they come to hand. What we are likely to witness, is indeed part of our… Financial Awakening.
The following is a link to Mr Giuliani’s new website where you can access the information for yourself.
Virtual currency designs for a more beautiful blockchain experience.
The team at Goldsmith Moneyare excited to unveil our first virtual cryptocurrency series.
In honour of the rapidly expanding blockchain gaming ecosystem Taurion, we have minted our first range of virtual tokens, which we are calling our Taurion Cubit Faction Coins – or ‘Cubit Coins‘ for short.
Cubit is a dark and rich precious metal native to the harsh, yet resource rich planet of Taurion.
Cubit is rare, malleable and remarkably beautiful, making it an ideal medium of exchange on the planet.
Naturally Cubits are highly prized by all 3 factions currently occupying the planet. Their prospectors, miners & craftsmen alike, all strive to amass their cubit fortunes. Not to mention the thieves, raiders and pirates who have also made the planet their home.
Wars will be fought over Cubits and the battles will be rife. For some, Cubits will mean success and wealth beyond measure. For others, cubits will mean a lifetime of failed pursuit and shattered dreams.
Cubit Faction Coins – Series 1 (2020)
Artist – EDX Designs
From the water covered planet of Aquarion, this genetically enhanced race of seafaring villagers, now seek land, minerals and cubits on the desert planet Taurion.
Most certainly out of their watery comfort zone – will Reubo technological prowess be enough secure them success on Taurion?
With a strength forged in the lava pools of Lionis, the Jodon are brutal and uncompromising. Answering only to Baron Vostok himself, the Jodon will do whatever they must to ensure this authoritarian regime thrives in this new world.
Alternatively – could Taurion mean an end to the political class warfare, which has plagued Lionis for so many centuries? Whispers are – a ‘cubit revolution‘ is afoot.
Their home, the lush forest planet of Verdis, is a vision of beauty within a canopy of death. Both flora and fauna can kill in an instant. Regardless, this final race of Earth descendants, is both enterprising and motivated and have managed to tame the planet and survive.
As proponents of free markets and capitalism, will these masters of trade and commerce be able to overcome the strength and technological superiority of the other two factions? Time will tell. And time has historically been a friend to expanding republics.
Get your own custom Cubits!
These are the Taurion Cubit Faction Coins – Series 1 (2020).
If you would like your own customised cubit coin/s, with your own branding / avatar image on the front – please reply to this post with an expression of interest.
Virtual Mint (GM Virtual Mint)
The GM Virtual Mint webpage is currently in production. We hope to have the catalogue page up and running soon. Here you will find all our customisable virtual currency mintings, for your blockchain business, branding and pleasure needs.
Those of the Financial Awakening appreciate two things – the first is GOLD; the second is BLOCKCHAIN. The merging of the two was simply a matter of time. How this merging would take place was all that needed to be determined.
We thought it would have stemmed from the US. New state based precious metal depositories have been built over recent years. We assumed one of the depositories would have then established themselves on a blockchain. Allowing citizens to transact in gold and silver backed tokens, convertible for the metal held in the depository.
We have no doubt that this will still take place. However, it appears that the first institution to take their gold vault to the blockchain may be Australia’s PERTH MINT.
INFINIGOLD has released its Whitepaper 1.1. In collaboration with the Perth Mint they are taking the GoldPass digital certificate to the Ethereum blockchain, as an ERC20 standard token. The token has been aptly named the Perth Mint Gold Token – or PMGT for short.
Each PMGT token is backed by a 1 ounce GoldPass certificate, which is in turn redeemable for 1 ounce of physical gold at the Perth Mint.
Whilst stored physical gold is not allocated to each certificate, the Perth Mint claim that they have the gold available to meet any redemption request. It is also noted that the mint is guaranteed by the state Government of Western Australia – providing addition credit security.
So what do we make of this?
The PMGT is a terrific development for the cryptocurrency industry!
Tokens backed by physical assets will enhance public perception of cryptocurrency generally, as the tokens are now without doubt, a store of value. In time this should encourage more adoption of the tokens as a medium of exchange, outside of the failing fiat systems.
The PMGT could be good investment vehicle for some – just buy and hold. Though if you want to buy and hold gold – wouldn’t it be better to just buy and hold physical? Perhaps.
PMGT will be available for purchase on selected cryptocurrency exchanges for account holders who have satisfied the necessary KYC identification requirements. This in itself will limit early take-up. Once purchased however, these tokens can be moved onto the Ethereum blockchain to be transferred and traded within.
Redemption for physical gold would need to take place back at a selected exchange. This may not deter interest in the tokens though, as many would not be interested in converting anyway. Instead they may be simply looking to peg some of their cryptocurrency wealth to the price of gold – and the PMGT may be an ideal solution.
However, if the desired purpose of the token is everyday trade – forget it. A single transaction on the Ethereum network is costing as much as $US20 at present. The network is being pushed past capacity by the current exploding DeFi demand. The high transaction costs and network limitations will crush any chance of PMGT replacing fiat currency as an exchange medium.
In many ways it is a shame InifiniGold selected the slow and overworked Ethereum network to build their product on. There are so many other options now. In fact, one of our two favourite blockchains, Telos, is already capable of running thousands of transactions per second, with all transactions being feeless.
Furthermore, the Ethereum Virtual Machine(EVM) is built upon Telos, allowing token developers to continue to use their Ethereum style coding, on this profoundly more capable public ledger.
In the end…
the PMGT is certainly a step in the right direction, on the path to Good Money.
Is a new political system the only fix for democracy?
For many of the Financial Awakened – the problems in society are stemming from the obvious. There is a political and bureaucratic swamp engulfing the world. They are enriching themselves and their masters, but at the expense of the working middle-class and underprivileged.
There are some who want to drain the swamp. A noble cause indeed. However, what if the swamp cannot be drained?
What if our political system, the Democracy we treasure so deeply – is itself, deeply broken? Broken to such an extent that change is now impossible. Corrupted beyond all chance of repair.
Is it time we had a new form of Government?
This is the theme behind a recent and thought provoking publication by Mr Daniel James Larimer (Dan for short).
For those who don’t know Dan, Dan is a blockchain engineer. He is not just any engineer though. He is the mastermind and builder of the Delegated Proof of Stake (DPOS) concept and protocols.
Dan has been ultimately responsible for 3 generations of DPOS blockchain development. First BitShares, then Steem a popular social media blockchain and now the third generation EOSIO utility blockchain.
Bitshares and Steem were both highly successful in their day, always abuzz with activity.
Currently the two most active blockchains in the world (accordingly to blocktivity) are EOS and Telos – both based upon Dan’s DPOS EOSIO protocol.
I mention Dan’s history to ensure that you fully understand that this is one self-made and HIGHLY INTELLIGENT individual.
Just as important in Dan’s resume however, is his staunch and long time advocacy for individual liberties, free markets, property rights and small government.
In his article titled (perhaps controversially) ‘Can we end riots with a new kind of Government?’, Dan highlights the critical failings of the current political system in the US – which we deem to be applicable to most Western nations.
Dan lists some of the factors responsible to for the failings and these include:
Gerrymandering, effectively permanently captures a district for a party
Major parties don’t have to be democratic (or accountable) and make their own rules and they change them every time an outsider (e.g. Ron Paul or Bernie Sanders) threatens the elite’s choice.
Media and parties control the discussion of who is eligible for masses to consider.
Incumbent advantage leads to re-election of people with 20% approval rating!
Campaign finance that favors celebrities and big spenders.
Debate about people and not about policy.
All valid criticisms of the current political system of course.
If Dan had of left it at that, this would be the end of the discussion. However, in the usual helpful style of any good engineer, Dan has offered the world a potential solution, based around a whole new political system.
Dan has named this system –
Randomized Hierarchical Representative Government
Let us refer to this system as RHRG for short.
Dan outlines the basic process as follows:
Randomly assign people to small groups (~10 people)
Each group must select a representative from their members with 8/10 approval.
Randomly assign selected representatives to small groups (~10 representatives)
Every election season would start with people assigned to different random groups.
Under this process:
incumbents would have no power as any single group of 10 people could prevent an incumbent from advancing.
Celebrities have no power because you can only vote for people in your group.
Identity politics has no power, because you can only vote for those in your group.
Special Interests have no power, because there are no long-term relationships with incumbents and 8/10 must agree.
Vote fraud has no power, because how can you cheat a vote of 10 people?
Political Parties have no power, because you must reach consensus on a representative with 8/10 people.
Campaign finance has no power, because the only people you have to communicate with are the people in your group(s).
In a country with 100 million eligible voters, each group of 10 could be given 30 days to discuss and reach consensus on a representative and it would take at most 8 months to pick a president and a hierarch of people under them. Each step in the process eliminates 90% of the candidate’s.
The output of such a system would be a form of government which should represent the will of the people (to the extent such a thing exists). The system is neutral with respect to political opinions regarding the size/scope of government. It is neutral to Republican and Democratic opinions. It is neutral with respect to race, money, religion, abortion, war, etc.
What are the benefits of this system?
Dan goes on to discuss historical instances of small group voting for representatives up a hierarchy and the advantages and potential drawbacks of RHRG. As you come here for the Goldsmith Money opinion however – here goes.
Assuming a grassroots movement could gain enough moment to usurp the current democractic system – RHRG would indeed lead to:
A higher quality of political representative.
A better majority representation on important issues.
Lower levels of political interference from unions and other special interest groups.
Lower levels of media interference in the election process.
Less power for minority interest groups holding the majority (and sometimes all of society) to ransom.
However, the first drawback to spring to mind what that there could be a loss of continuity, political memory and experience. This could be detrimental to the outcome – particularly in the short term. This disadvantage could be easily overcome by staggering implementation and term commencement.
To his credit – Dan briefly mentioned this above failing and offered a similar solution, along with countering a few more potential criticisms of RHRG.
To conclude, Dan briefly discusses some of the amazing new technologies which could be utilised to ensure the successful implementation and management of this proposed political system.
So does RHRG have merit?
But that does not mean that we do not seek the opinion of other thought leaders in the libertarian establishment.
Mr Douglas Horn, chief architect of the governance enhanced Telos blockchain (mentioned previously) offered Goldsmith Money a technical dissertation on the RHRG proposal.
We will go into the full details of Mr Horn’s review in a followup article in a week or two. In brief though, Mr Horn states.
The tyrannies Dan Larimer mentions in his article about Randomised Hierarchical Representative Government will feel quite tangible to anyone paying attention to American politics of the past century or more.
Mr. Larimer’s excellent treatise on a new look at electoral processes would be better served by proposing that we first show the value of this Randomised Hierarchical Representative Government through other means.
Unfortunately, you will need to wait for the full story.
At the very least… RHRG is worth discussing.
You can find Dan’s full article here on the new blockchain based social media platform – Voice.
Dan states that if we want change ‘the first step is to raise awareness of a new form of representative government.’
We at Goldsmith Money have taken our first step – we have started a conversation and created awareness. The question now – what will you do?
Please be sure to subscribe to Goldsmith Money updates here; along with our YouTube channel for all manner of discussion – monetary, blockchain, gaming or otherwise.
Be well friends.
Looking for more on politics, try The Political Pendulum – it is sure to put a few political ideologies in perspective.
According to an article by Mr Jeremy Eng-Tuck Cheah, published in The Conversation, on 26 August 2020… it very well could be. Link here.
DeFi stands for Decentralised Finance and according to Mr Cheah, this financial industry has grown from US$2.1 million to US$6.9 billion in the past 3 years.
DeFi refers to and I quote…
… financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.
DeFi smart contracts began with the Ethereum blockchain network and have now evolved into much, much more – encompassing a wide range of blockchains and decentralised applications (Dapps).
Lending, trading, cross-platform trading, derivatives, currency pegging and hedging are all being done within smart contracts; and, are but some of the use cases.
In a recent announcement by the Telos blockchain – they will be providing the infrastructure to tokenise a EURO 30 million property in Croatia. In partnership with Dapp development platform Katalyo and other stakeholders, they plan on tokenising both the property ownership and the rental revenue income. Another new example of DeFi in action. Article here.
In a YouTube broadcast last week (embed below) we discuss both the above articles and the financial opportunities that continue to arise in the blockchain and cryptocurrency industry.
Enjoy the video and remember the term – DeFi. For you will be hearing it more over the years to come.
What is Blockchain?
Check out one of our recent blogs on just this topic.
The value of a cryptocurrency is derived from what has been coined, its ‘Tokenomics’. A portmanteau of the words ‘Token’ and ‘Economics’.
The tokenomics of a cryptocurrency consists of a large range of inputs, all of which impact its value in the decentralised market place. Inputs with respect to the characteristics of Good Money include:
Number of tokens in existence – Scarcity.
Energy inputs into token creation – Difficult to create.
Number of users / transaction frequency / future use potential – General Acceptability.
Security of chain and code – Indestructibility.
Level of annual token inflation – Scarcity.
Level of decentralisation – Trustless (level of third party risk).
Wallets and associated infrastructure – Portability / General Acceptability.
Quality of the development team who are driving the use cases and chain growth – General Acceptability.
For various reasons blockchain will change their tokenomics and in these cases, you, the Financially Awakened – will sit down and work through the changes.
Increasing inflation will place downward pressure on token prices. Burning tokens on the other hand, (permanently removing tokens from circulation), will have the effect of increasing the price of the remaining tokens.
Let’s take a look at a current scenario – theTaurion Burn Sale.
Last night we examined the proposed tokenomics changes for the XAYA blockchain in a Goldsmith Money YouTube review. Embed below.
Whilst it is not possible to put an exact price on a token, now or in the future – it is possible to get an understanding on how different stakeholders will be impacted and the possible directions the token prices might take – ceteris paribus (all other things being equal).
Enjoy the video. And if you feel you would like to discuss the matter of blockchain tokenomicsl or, the XAYA Taurion Burn Sale – please drop a comment below. You can also read more about the Taurion Burn Sale here.
Otherwise, warm up those gaming chairs, because things are about to get rather hectic in the blockchain gaming space. Final testing on Taurion and Soccer Manager Elite is merely days away – and then human mining will begin.
“If you are not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”
– Malcolm X
This provocative, yet insightful quote by Malcolm X, is a value proposition for political news editor and journalist Mr Chuck Norton and his political news web publication ‘Political Arena’.
The current political news sphere is a murky bog of lies, half-truths, misrepresentations, propaganda, ulterior motives and hidden agendas.
Mainstream media seem to be doing their utmost to have you believe that:
Free markets are oppressive;
Opinion is fact;
Statistics are racist;
Popular consensus is science;
Mathematics is offensive;
Capitalism is evil; and,
Government loves you.
All incredibly similar to the propaganda slogans expressed by the Ministry of Truth, in George Orwell’s classic novel 1984.
War is peace.
Freedom is slavery.
Ignorance is Strength.
For the Financial Awakened, navigating the ‘Fake News’ and ‘Socialist Propaganda’ can be difficult and time consuming. So discovering a current, political news website, backed up by a treasure trove of truthful political and economic history – is incredibly valuable.
Introducing ‘Political Arena’.
In Mr Norton’s own words –
‘The contributors to this site are dedicated to explaining the values of free and fair markets, and of liberty tempered by restraint and personal responsibility…‘
‘Our goal is to explain the news of the day, along with complex economic, political, and global security issues in such a way that the average working man or student can respond to.‘
As a recent subscriber to the website, it did not take us long to realise that this site is a central depository for much of the current political and economy news (real news) we seek. Factual information which we had been spending many hours a week sourcing from multiple news outlets and historical journal sources.
We would encourage our subscribers to also subscribe to this site for your real news fix. Particular those interested news stemming from the US – which we all should be.
Going forward – we are considering adding a Political Arena page to the Goldsmith Money website, as our quick link to this depository of fact. Stay tuned on this.
So please head over to https://politicalarena.org/ and have a look around. If you like what you see, kindly let Mr Norton know. And by all means – please provide your feedback on this page as well.
Finally, don’t lose faith. The more people being exposed to the ‘real news’, the less power the ‘fake news’ networks will have. We must all simply do our part.
When the Goodyear Tire & Rubber Company announced their first quarter 2020 financial numbers, it was a lacklustre affair. Sales were down 15% from the year before. Unit volumes and shipments were also down and so too was the profit. In fact the company reported a $619 million loss(including impairments).
It’s Covid19 time though, so stock markets are likely to forgive and life would go on. And then the company does the unthinkable – it got political!
Conservative warnings to big corporates are now lit up in neon.
‘Get woke, go broke’.
Tired of the of the left-wing, political correct cancel culture; right-wing conservative counterculture is hitting back. And they are doing so with their wallets.
Failing to heed to the warnings and experiences suffered by corporate peers such as Gillette; Goodyearpublished the following employee dress code. As per usual – some disgruntled employee uploaded it onto Twitter… and then all hell broke loose.
As far as conservatives were concerned, Goodyear had elected to stand with the enemy – and a conservative boycott would ensure.
And it was not just your average run-of-the-mill conservatives calling for the boycott. This message of boycott was coming straight from the top, with US President Donald Trump tweeting –
The message to business has never been clearer.
Sell your product, but keep your politics to yourself.
Do not tell your customers how to vote, think, behave or otherwise.
Do not force your employees to adopt a single political leaning.
Do not assume that you are the authority on all that is good and righteous.
With Goodyear being one of our favourite brand of tyres, we at Goldsmith Money will not be joining in such a boycott. Regardless of how we feel however, this is going to hurt Goodyear and it will hurt badly.
And for our valued readers, the Financially Awakened, the message is also clear. Do notstand in the way of the trendingconservative counterculture. This trend is growing stronger each and every day.
Since the invention of the Bitcoin, people have had the ability to be their own bank – without the need to rely on any third party.
It’s a giant, trustless, decentralised spreadsheet – and you hold the key. At least you do when you establish a cryptocurrency wallet on your PC or smartphone.
Using your cryptocurrency wallet you may be able exchange goods and services directly with like minded individuals from across the globe – 24 hours a day and 7 days a week.
Introducing – XAYA Electron Gaming Wallet
In the latest Goldsmith Money YouTube video (embed below), we take a whimsical look at the XAYA Electron wallet. Fast, stylish and completely decentralised.
And when Electron is running on your PC. you are actually contributing power (hash power) to the operations of this whole new financial ecosystem. All outside of traditional banking infrastructure.
We have a preference for XAYA over most other blockchains because of its specialised blockchain gaming design. You however, can start looking at cryptocurrencies wallets for any blockchain of your choosing. The point we make is – start looking!
The blockchain and cryptocurrency industry is filled with financial opportunities for the Financial Awakened. And your first step into this industry… a digital wallet!
There are very few industries that we are more passionate about than blockchain gaming. The growth of esports has been remarkable. Blockchain gaming is merely the next step in its evolution.
Despite our confidence in the industry however, we were still surprised by recent registration numbers reported by the XAYA blockchain team. Over 12,000 people have signed up to participate in their Soccer Manager Elite (SME) phase III beta test. To have 12,000 sign up to simply test the software really is extraordinary.
Should 12,000 to signup for the main game – financial success for the game and the XAYA blockchain looks set. Though there are never any guarantees in business.
To share in the registration excitement, we produced our own (somewhat comical) YouTube report – embedded below.
People will naturally migrate to blockchain gaming as it offers the ability to ‘play to earn‘. And who doesn’t want to earn currency playing games?
Credit where credit is due though. The XAYA team has proven to be ‘A Grademarketers’ of their ‘first class products‘. Two reasons we watch this team and this blockchain – very closely.
As with the initial beta tests, we will be live streaming some of our SME game play. So if you want to learn more about the game – subscribe to the Goldsmith Money YouTube channel and join us on our journey.
Here at Goldsmith Money we often spout the benefits of blockchain technology for the gaming industry. The trustless and decentralised ledger is perfect for the creation of massive gaming ecosystems, with financial opportunities galore.
The same may also be said for social media. Whilst Twitter and Facebook generally offer users indirect financial benefits through the promotion of their goods and services. They offer very little in the way of direct financial benefits to the true influencers and content creators on their platforms.
When built upon a blockchain, social media platforms are able to rely upon the exact same decentralised ledger attributes – trustless, auditable, infallible, cost effective – to develop their own financial ecosystem. This blockchain foundation then allows for community trust in the platform and builds value within.
In building a valuable ecosystem, the blockchain social media platform is now able to distribute system earnings directly to the creators, influencers and community builders, based on their level of contribution.
The rewards will usually take the form of the native token to the platform. The value of the tokens will then be determined by the free market, through cryptocurrency exchange participants. The value will of course fluctuate. Over time however, consistent, good quality content creators, may be able to build a reliable income stream for themselves.
is a sleek and beautiful reward based social media platform built upon the blockchain for the reasons mentioned.
Appics is not the first social media platform built upon a blockchain. However in our opinion, it is the first built to a speed, aesthetic quality and functionality high enough to take on the mainstream players for usability. And ultimately it is usability which will determine whether it is suitable for mainstream adoption.
A blockchain based social media platform will only ever be as good as the blockchain it is built upon. So it was no surprise for us to see Appics announce that they would be moving to the Telos blockchain.
Telos is arguably the fastest, most powerful and most decentralised blockchain in the world. It is also one of only a very few blockchains with built-in governance solutions. Telos has a huge technical support network, which has just recently built social media functionality into the chain itself. A testament to their capabilities.
Of course when it comes to Telos, Goldsmith Money is a token holder and highly biased as to its quality. Make no mistake however, the merger of these two platforms is most certainly value accretive for both.
So we are thrilled to bare witness to the merger and welcome Appics with open arms. See our greetings message here.
Over the next 6-8 weeks we will look to incorporate Appics into our social media tool kit, utilising this platform to build our brand and our income potential.
A consistent theme throughout Goldsmith Money is ‘Trends’. Whilst the trend into blockchain gaming is unmistakable at present, when it comes to social media, the signs are much more subtle.
What we are seeing is people now willing to move away from from the major platforms like Facebook and Twitter and into other centralised platforms such a Parler. Will this carry into Appics – only time will tell.
Something to look out for though are the celebrities. Where the celebrities go, the masses tend to follow. Should a celebrity or two turn up on Appics – mass adoption could follow shortly thereafter.
Finally – if you are still reading this article, I deem you to be one of the Financial Awakened. And as one of the Financial Awakened, you should be always questioning where you are spending your social media time and efforts. Time is money afterall.
Ask yourself, ‘do I continue investing my valuable time into Facebook and Twitter, building value for their shareholders?’
Or,‘should I consider building value in my own brand, in conjunction with the brands of others – within a rewards focussed decentralised community?’
Money talks ladies and gentlemen – everything else is mere garble.
You can learn more about the Appics at their website here; and, I hope to see you there soon.
With over 1,500 people registered to participate in the upcoming Taurion alpha Test, the demand for information is huge. As such XAYA CEO, Andrew Colosimo, took up his gaming chair once again, to provide the world with a deep dive walk through.
Naturally the excitement around Taurion is enormous! It is the first of its kind!! A true decentralised and trustless gaming ecosystem, with opportunities galore.
Trade, transport, mining, refining, manufacture, construction, marketing and security… collusion, racketeering and piracy. Basically any other type of business venture you can dream up, could very well be possible at the planet Taurion.
Should you not have the time to watch the full one hour deep dive, we have produced a 15 minute video detailing the key takeaways. Abridged video below.
If you are interested in joining this alpha test and getting a taste for this NEW era of blockchain gaming – please click on our Goldsmith Money invite link Taurion Alpha Test Invite
This alpha test is a treasure hunt and there is over $US10,000 in prizes to be won!
We hope to see you there for the start of play on Tuesday, 25 August 2020.
Wish to learn more about the benefits of blockchain gaming – please see link below.
and an effective treatment is as good as any vaccine – and cheaper too.
Let it be stated upfront that we at Goldsmith Money, do not know the first thing about medicine.
However, we imagine that medical authorities the world over must be thrilled with the data coming out about the hydroxychloroquine, zinc and antibiotic combination. A combination which is being used as a HIGHLY effective treatment against the Covid-19 coronavirus.
In an opinion article in Newsweek on 23 July, Professor of Epidemiology of the Vale Public School of Heath, Harvey A. Risch, discusses hydroxychloroquine and states –
When this inexpensive oral medication is given very early in the course of illness, before the virus has had time to multiply beyond control, it has shown to be highly effective, especially when given in combination with the antibiotics azithromycin or doxycycline and the nutritional supplement zinc.
Professor Risch then goes on discuss results of recent studies where the outcome for treatment is extremely positive. In one study, 400 high risk Covid19 patients were treated by Vladimir Zelenko, using the combination above – and there were zero deaths recorded.
Four other studies involving a total of 500 high risk nursing home and clinic patients, all being treated with the combination above – also recorded zero deaths.
You can read more about what Professor Risch has to say here. Even without formal medical training, it is hard not to interpret these results as highly encouraging (if not fantastic).
Is this combination the cure?
The article is indeed consistent with the statements of Dr Stella Immanuel who claims to have curedover 350 Covid19 patients using hydroxychloroquine, zinc and the Zithromax antibiotic. See her press conference video is embedded below.
Is zinc is the key?
On 10 July, Inga Wessels, Benjamin Rolles and Lother Rink published a perspective article on Frontiers in Immunology. The article was titled ‘The Potential Impact of Zinc Supplementation on COVID-19 Pathogenesis’. A link to the article is here.
Their review examined the potential for zinc to be used an inexpensive preventative and therapeutic agent in the fight against Covid19.
Zinc is an important element in the development and function of the human immune system. Zinc is particularly important to the body in combating viruses.
As demonstrated in the diagram above, the study found that there is an impressive intersection of known risk factors for zinc deficiency (blue circle) and the predisposition for a severe COVID-19 infection (red circle).
In conclusion the study found that whilst much data was still pending, the enumerated evidence strongly suggests great benefits from zinc supplementation as a preventative against Covid-19. This was especially true for the elderly and those with chronic diseases, who might have become zinc deficient.
Assuming the medical professionals quoted in this blog are correct – could we conclude that a simple and effective treatment and preventative for Covid-19, as being just as good as a vaccination? If not better?
And of course this is Goldsmith Money – where we want to understand the monetary costs of viable alternatives.
Suggestions have been made that the combination treatment above could be distributed at a cost under $US20 per course.
At the same time, the vaccine cure cost estimates appear to be ranging between $US2,000-$US3,000 per person and is likely to be more than 12 months away.
Fiscal prudence surely dictates that Governments of the world focus their efforts on the discussed treatment and prevention therapies. And no doubt those governments would be very eager to adopt such low cost solutions to the Covid-19 pandemic.
When all is said and done, there was one world leader who saw the potential of this combination early on. This was The President of the United States, Donald Trump.
Credit must be given where credit is due. Not only was President Trump one of the first national leaders to close borders to contain the spread of the deadly virus. He was also the first leader to discuss this potential cure, leading medical professionals down the correct path of study.
A great big THANK YOU to all the new subscribers to this site and our YouTube channel.
In last night’s report (below), we discuss the progress of the Soccer Manager Elite beta test – with Phase 3 to commence next week.
The big news however… is Taurion. The official launch date for the much anticipated alpha test is Tuesday 25 August 2020. This alpha test / treasure hunt will run until Sunday 9 October 2020 and there are many hundreds of prizes to be won – all up valued at over $10,000.
Should you wish to participate in Taurion Treasure Hunt, please click on the following referrer invitation link and sign up. There have been 1,500 registrations so far… and the more the merrier. INVITE
Looking for more information on Taurion?
Check out Andrew Colosimo’s recent deep dive into this massive NEW decentralised virtual reality.
Our CHI Giveaway
Don’t forget Goldsmith Money is giving away 1,500 CHI to Taurion fans. Want to be involved? Just click on the link below and follow the instructions.
And we are not talking about the Lone Ranger’s horse.
For the past 3 years we have been great advocates of silver. And with good reason. It is arguably the most amazing metal on Earth.
Silver is the best conductor of electricity of all the metal elements – making it a modern necessity for the myriad of electronic devices we have. Smart phones, computers, LED monitors and televisions.
Silver is an excellent conductor of heat and has a particular light sensitivity making it ideal for photovoltaic cells and photography, including radiography.
Silver has antibacterial properties. In seafaring days of old, two silver coins would be placed in a water barrel to keep the water fresh and microbe free. These days it is used for surgical bandages and in advanced antimicrobial nanotechnologies. Plus, it gets added into sports clothing to keep athletes smelling nice.
Silver is highly malleable and ductile and it does not rust. As such silver has been used a monetary metal for going on 3,000 years.
And as you can’t print silver – silver is indeed ‘Good Money’.
For many a Silver Stacker it has seemed a very long time for the market to again recognise the true value of this amazing metal.
Three months ago the silver spot price was a mere $US15 per ounce and this was the middle of a pandemic. We say ‘mere’ as silver was trading at $US50 back in 2012 and even back in the 80s.
There were many reasons put forth on why the price of silver was so low – which we will not go into now. More importantly for the silver investor and stacker however, the silver price is now flying.
Between May and mid-July the price saw a steady rise to $US19. Over the past month it has really taken to the sky. Just 12 hours ago it looked as though it would break $US28. As I type this post now it has broken $US29 and is tapping on resistance at $US30.
In the midst of a global pandemic, geopolitical uncertainty and unprecedented levels of currency printing – investors are once again turning to the tried and tested safe haven that is SILVER.
To get your head around the current silver story and the physical silver shortage we are seeing – we suggest you start here.
Connecting the Steam gaming platform with the Telos blockchain
Blockchain gaming is moving forward in leaps and bounds – and Telos is sure to have a big role to play in this.
Farm Game has opened up a world of opportunity for gamers, linking all the benefits of blockchains (decentralised and trustless financial ecosystems), with the massive Steam gaming universe.
Starting with the multiplayer, online battle arena video game Dota 2, Telos will allow gamers compete with one another for decentralised tokens and assets. Subsequently these assets may be transferred, spent or otherwise – instantaneously and globally.
Whilst still at early stages of integration, Farm Game offers a great taste of gaming developments to come.
For further information, check out the Goldsmith Money YouTube video below.
And if you are interested in connecting to Farm Game to play in the Dota 2 Telos events – please use the following invite link. PC only at this time.
For those of you who have been following this blog for some time, the headline above will be of no surprise. Yet it will be very exciting nevertheless.
Yes – it has happened. The gold spot price has broken the previous intraday high of $US1,923.70 per ounce set in August 2011.
At this time of drafting this blog post, the gold spot price is $US1,46.92.
With unprecedented levels of money printing; geo-politics tensions; political and civil unrest; coronavirus; and social media warfare – the environment seems to be just right for a growing gold price. And this could be the case for many, many months to come.
So hold onto those gold coins.
And for the silver stackers – don’t feel left out. For the silver spot has just rocketed past $US24 an ounce – following a few days of resistance at $US23.
For the reasons outlined above – safe haven demand for these monetary precious metals is HOT, HOT, HOT, right now. Congratulations to the prepared.
For more information about the investment potential for gold see the following Goldsmith Money blog articles.
To say the team at Goldsmith Money was ‘excited’ about the upcoming Taurion Treasure Hunt – would be a mammoth understatement.
Aside from the game looking awesome and thousands of dollars worth of prizes to be won. This is the final Taurion test before it goes live to the world. The Alpha Test.
This is likely our final chance to get a simple the feel for this new global, trustless and decentralised gaming economy – which promises to open up a whole new world of player driven opportunity and entertainment.
Yes – we have our new gaming PC ready to go – 32GB RAM; ASUS RT2060 8GB Graphics Card; a couple of ASUS 27″ Gaming Monitors and a new webcam. Far more than is actually needed to play.
Yes – there will be plenty of Taurion Alpha Test videos. There will also be plenty of Alpha Test live streaming – both YouTube and Twitch. But all this is hardly important to Goldsmith Money. The only thing that really matters is of course…
With more sponsors than the Italian Grand Prix, the Taurion Treasure Hunt promises to be bigger than Ben Hur.
The Prize Partners
Age of Rust
Crypto Space Commander
Soccer Manager Elite
The Six Dragons
Xaya / Ubisoft Lab
And the list of prizes is just huge… super HUGE! Too many to report on here – just click on the prize link and see for yourself.
So many great prizes to be won and Goldsmith Money plans on winning many of them. And we are not afraid to get our hands dirty to do it. Raid, plunder, loot, steal, destroy. All is fair in the resource rich, yet desolate alien planet of Taurion.
So what does Taurion look like?
Well just recently the following video began circulating within the Twitter sphere…
TAURION: The 3 Starter Cities are now “safe areas”. Opposing factions may not enter. Speed of vehicles are 3x faster than normal.
Make sure to register to claim a FREE starter pack (5 free units and an account) so you can help test and WIN.
Yes there will be ‘safe spaces’ for the faint of heart. Goldsmith Money doesn’t plan on spending too much time here though. Instead we plan on being out hunting for the prizes. I dare say the only time we will be returning to said ‘safe spaces,’ is to claim our many, many prizes.
Want to be a part of the Taurion Alpha Test Treasure Hunt?
Just click on this Goldsmith MoneyINVITE LINK and claim your free Taurion Starter Pack.
Hope to see you there!
Oh – and one more thing. Just in case you have not yet Pledged Your Allegiance. Think BLUE!
Aligning yourself with us, might just save you a whole lot of heartbreak.
Long before silver was being used in your smartphones, television sets and ipads – silver was money, just like gold.
Countries over the world have implemented various types of silver monetary standards, at various stages throughout their history. In fact, the US was still using 90% silver coins up until 1964 and 40% silver in their coins until 1970.
Today silver seems to be used for everything but money. Electronics. Solar Cells. Jewellery. Antibacterial clothing and medical equipment. Water purifiers.
However, there is a devoted group of conservatives, called Silver Stackers. Us Stackers believe that one day the world will return to ‘Good Money’ and that silver will have a large roll to play in this. Because unlike paper currency –
You can’t print silver!
And it is relatively scarce – just as money is meant to be.
Today us stackers have cause for celebration. The spot price of silver has finally broken $US20 – the first time since 2016.
Of course, if you are wanting to buy physical silver, expect to pay a lot more than $US20. However, it is certainly nice to see the futures price catching up to reality.
As a part of your Financial Awakening – I suggest you learn all you can about silver.
Here at Goldsmith Money we pride ourselves on identifying trends early. One of the more recent trends identified is the rise of what some social media pundits are calling the ‘Conservative Counter-Culture’.
This conservative movement is no longer satisfied with ‘populist’ victories at the ballot boxes. These advocates of small and fiscally responsible government, individual rights and freedoms – now demand that their voices be heard!
However, mainstream social media platforms weren’t having a bar of this. These multi-billion dollar platforms were more than happy to censor any political thought stemming from anywhere outside of Karl Marx’sDas Kapital.
Even Nobel Prize winner Milton Friedman’s work on free market economics is considered far-right and radical in the current political climate. And he would have likely been stripped of his social media accounts for so called… ‘Hate Speech’.
The final straw for many a conservative thinker however was Twitter flagging a second post of President Donald Trump, on 24 June 2020. They labelled a Tweet with a strong message for protestors, as a ‘violation of their policies.’
Well fed up with the unjust conservative censorship and the tyrannical restrictions on free speech, nearly 1 million conservatives created accounts on the conservative social media platform Parler, in the week that followed – with many in Trump’s team leading the way.
So what is Parler?
Parler claims to be an unbiased social media platform whose content is moderated only based on FCC and US Supreme Court case outcomes. This gives Conservatives reassurance that they will not have their speech arbitrarily censored, based on the daily whims and personal prejudices of the platform’s executive management.
It is not an open slather though – according to FCC and Supreme Court case law, there can be –
No Unsolicited Advertisements.
No Fighting Words or Threats to Harm.
No Indecency (no sexual organs – picture, cartoon or otherwise).
No Obscenity (sexual in nature).
I imagine that there would be very few conservatives who would actually be turned off by these restrictions though. In fact, if they are anything like me – they would find these policies reassuring.
More important to all this however – how does Parler feel?
It actually feels… FANTASTIC!
The platform is fast and the aesthetics are great, particularly on mobile devices and in ‘night mode’.
The interface is easy to navigate, though give it an hour or two to really learn your way around. Searching for hashtags and people is also easy.
It is early days for me – meaning I do not have many followers yet. This being said, I do have 25 extremely wonderful followers who I do value greatly.
It doesn’t take long before you start to get the addictive taste for all the upvotes, follows and echos (similar to retweets) in the your notification page though… so be careful.
The posting (Parlay) of external website pages is a real plus for Parler. They really do look terrific embedded in the feed.
Another Parley advantage over say Twitter, is that you have a full 1,000 characters per post, verse Twitter’s 280. So you can post a quick thought; or a long one – the choice is yours.
I can see many, many conservatives flocking to Parler over the months and years to come – so Goldsmith Money is happy to build a social media home here. We naturally hope to see you here too. Here is a quicklink to our account page, please be sure to follow.
And finally, as this blog post is going straight to Parler – please be sure to hit that upvote button and echo. If you believe that this post adds value to you and the platform, that is.
In my opinion, the conservative movement to Parler, is a huge strike against established social media platforms; and, the financial implications will be sizable! Do you agree? Please be sure to comment below – or in Parler.
We borrow the following chart from a Money Management article by Russel Chesler titled ‘The Gold Factor‘. The link to the article is here.
The article begins –
‘With the world mired in debt and economic despair, the price of gold precious metal has rallied to nine-year highs and could soon surpass its all-time high as systemic financial risk grows with every dollar spent by governments trying to stimulate economies.‘
Russel Chesler – Head of Investments at VanEck
And here at Goldsmith Money, we are seeing the world the exact same way.
Previously we have discussed Good Money and the Dollar. We concluded that dollars are not good money, because they could be printed at the will of Central Banks and Governments.
The following chart from abovenoted article is an example of this exact behaviour.
In the past 4-5 months the US Federal Reserve (FED) has printed 3 trillion dollars and flushed it into financial markets. This is $3,000,000,000,000.00!
Since 2002 the amount of currency digitally printed onto the FED balance sheet has risen from $1 trillion to $7 trillion. A 700% increase in the circulating currency supply (stemming from the FED), over a mere 18 year time frame.
Worse still – this is just one nation’s Central Bank. Consider that there are many other central banks around the world dong the exact same thing.
Worried? Well you should be!
All this new currency are new claims on the limited land, resources, products and services around the world. Effectively diluting the current claim of every person who has been saving dollars (or any other paper currency), for their own future economic benefit.
So how might one combat currency expansion of this magnitude? Might we suggest saving in assets which can’t be printed.
Gold – as the article suggests.
A business selling products or services with an inelastic demand. Primary production perhaps?
Cryptocurrency?With consideration to specific blockchains, their network security and adoption – perhaps?
Let us know what you think in the comments below.
Mass currency printing in various forms has been attempted the world over for 2-3 millenia – and the outcome has always been a disaster. Perhaps this time it will be different though. Perhaps?
However… we at Goldsmith Money, will not be taking any chances.
Gold chart thanks to Gold Hub and Silicon Cloud Technologies.
A spreadsheet is simple and functional in design – horizontal rows crossing vertical columns and where the two meet, a single cell is born. Beautiful! And into the newly born cell the author may attribute anything they like. A person, a place, an asset, a liability, a balance.
Spreadsheets have not always looked the way that do now, spanning the width and height of a computer monitor. No – before Microsoft Excel there was IBM’s Lotus. Before Lotus there were paper spreadsheets, often referred to as worksheets or accounting worksheets.
Worksheets themselves have been used for many hundreds of years. It is known that in 1494, the first book about double-entry transaction recording was published by Luca Pacioli – and this gave birth to what we now call Accounting. Pacioli did not invent ‘Accounting’ as such, he merely detailed the manner in which the merchants of Venice would record their business transactions on worksheets, these pages combined into journals.
Prior to this there have been records uncovered of transactions inscribed on ancient timber, stone and clay tablets recording inventories, barter trades, assets and liabilities – again early forms of spreadsheets.
So the spreadsheet has been around for a very, very long time. Over this time it has served mankind very well. These spreadsheets were records of financial transactions and asset ownership. They enabled free market trade to flourish.
There was one proviso in all of this however – you had to TRUST the person who administered the spreadsheet. And many a war, both internal and external, has been fought for the right to administer the spreadsheet. Whilst currency wars are outside the scope of this blog post – know that those who control the spreadsheets, control the economy.
The days of stone tablets and accounting worksheet are long gone. Banks, Central Banks, Exchanges and Governments around the world maintain massive computerised spreadsheets, journals and ledgers, which record asset ownership, liabilities and transactions.
However, spreadsheets are not just being used for currency control. The combination of spreadsheets affects every aspect of our life now – business management tools, logistics, manufacturing, supply chain distribution, engineering, client management systems, social media and basically all computer based software. At the heart of all computer software – is a spreadsheet.
A computer based game – again, at its heart is a spreadsheet. Recording moves, points accrued, levels gained; plus, setting the rules of the game, along with running the algorithms which control the artificial opponents.
Computerised information databases – again at their core – a spreadsheet.
So… ‘just a spreadsheet!’ There is no ‘just a spreadsheet.’
Spreadsheets are everywhere. Spreadsheets are in nearly every modern technology. Spreadsheets are ‘spectacular!’
Regardless however of how important spreadsheets are, both historically and at present – the issue of TRUSTremains.
Until now – ownership and control of spreadsheets has be centralised. One entity would own and administer the spreadsheet and could do with it as they pleased (at least as far as laws would permit). Create new assets. Create new liabilities. Transact on accounts. Create new currency, diluting the value of the old.
Then along came blockchain. Beautiful decentralised spreadsheets capable of doing everything a centralised spreadsheet can do. Yet running on servers around the world, simultaneously. Allowing for worldwide collaboration, new financial markets and new economies, with no single point of failure. Trustless. Instantaneous. International. Belonging to no one and yet… belonging to everyone.
Blockchains are not just spreadsheets – they are amazing spreadsheets. Journals and ledgers born out of cryptography, the internet and an untamable human spirit.
Blockchains are not just spreadsheets – they represent liberty and freedom. Well… they might one day. Watch this space.
The financial world is quickly awakening to blockchain gaming. More specifically, the roles that these decentralised, trustless and provably fair virtual economies will play in relation to our entertainment, social interaction, recreation and trade in the near future.
There is one blockchain however which is really setting the benchmark with respect to this new gaming phenomenon – a relatively unknown blockchain called XAYA.
Now it should be mentioned that Goldsmith Money did in fact stumble upon the XAYA team a few years back and we were suitably impressed. We did decide to invest monies accordingly, so we are not exactly unbiased in our assessment. Regardless, we were thrilled with the much anticipated Taurion Teaser Trailer, released less than 48 hours ago.
Many of us have been watching this true blockchain game develop over the past 18 months, bearing witness to an evolution. The new teaser trailer however, takes this association to a whole new level.
Through the trailer we are first introduced to this dangerous and arid planet via a view from space. From here the trailer pans into the vast, windswept dunes and razor sharp rocky outcrops.
Next comes an introduction to a solitary scout vehicle belonging to the Reubo House, one of three civilizations of Earth descendants, looking to establish themselves upon this harsh, yet plentiful world.
Shortly thereafter – the battle charge begins. Houses Ethrati and Jodon launch a simultaneous attack upon a Reubo outpost and the result is devastating.
In this 1 minute 30 second cinematic trailer, the XAYA team have managed to capture the full essence of Taurion – hostile and urgent; voilent yet rewarding; dangerous yet plentiful. The rewards for those who survive could be huge! If you survive that is.
Goldsmith Money has prepared a review of Taurion Teaser Trailer, included here for your viewing pleasure. Keep in mind however, the trailer itself may not be suitable for young children.
Congratulations to the XAYA team for bringing the planet Taurion to life in such a dramatic manner.
The next Taurion beta test begins in July and this is open to all, with prizes to be won. You should visit the taurion.io and xaya.io websites for further details.
There was zero social distancing in the hall, This gathering would be attended by all; A cryptocurrency bonanza, A blockchain – extravaganza.
Bitcoin veterans suave as could be, Buterin’s boys singing Ethereum Me. Binance reps were strutting the floor, Litecoin ladies gave greeting at the door.
Ripple was there, but feeling unwelcome up-back; with the Monero men, all shrouded in black. Tezos was seated, Zcash was too, NEO and NEM had just stepped out to the loo.
As Satoshi softly keyed the grand piano, Closely nearby stood the likes of EOS, Xaya and Cardano. The Tron team was all in here of course; Along with the Hive guys, showing little remorse.
All-in-all the turnout was Stellar, regardless of this being one huge crypto Tether. Because soon a bombshell, was about to drop, Which nothing short of an Exodus could readily stop.
A familiar and experienced architect walked out on the stage, Matured and wise; made Ivan on Tech look a simple young page. And though this audience could sense his forlorn, He swore he would take this crowd by the Horn.
‘Ladies and gentlemen, this point I unveil, Proof of stake and decentralised governance will ultimately prevail,‘ And as the sounds in the hall rose and swirled, he exclaimed…
‘Telos will save the world’.
What started as mirth, soon became laughter, Even B1 and Larimer were rolling on the floor. How could this unknown EOSIO blockchain, Possibly lay claim to be anything more?
Undeterred by the shreeks, the jeers and the heckling, the MC threw just one question back – ‘Name the single biggest problem all the world faces? And give this here Telos blockchain a crack.‘
Crypto-enthusiasts are curious by nature, And will never let a problem go unsolved. So the room went dead quiet in this moment. And would remain this way until problem resolved.
‘Covid19’ was the response from the gallery, Some Theta fan from within the BAC rank, The reply however was swift and decisive, ‘Telos keeps all the virus data for Genobank.’
Dogecoin weren’t taking this matter too lightly, the world’s biggest problem was ‘Fake News‘, of course. ‘And this is why Telos has ‘Unbiased’, to gather the news and the facts from the source.‘
‘The problem is Social media censorship,’ Berwick and the libertarians proclaimed. ‘And this is why Telos has Murmur, Peeranha and Unbiased again.‘
‘Come on, get real’, said the Steem crew, ‘Unrewarded content creation’ is the problem that breeds. ‘You are right’ replied this grinning conductor, ‘And Telos has Newlife, Zeptagram and Seeds.’
Tensions were beginning to rise now, And the frustrations you could cut with a knife. For everyone knew where this was going, and the urgency had just become rife.
According to Xaya – ‘Game Worlds and human mining was the solution, And, Telos doesn’t have games!’ ‘Well actually, we’ve partnered with Unity through Qudo, We’ve also got Angry Warlords, Blox and V8 Planes.’
‘Our journey with games doesn’t stop there though, we have dRealms coming soon, prey tell. Not to mention our last massive announcement, the Steam Gaming Platform, via Farm Game, has started using Telos as well.’
You could have heard a pin-drop, with the room in a complete state of shock. This Maestro had picked up a hammer, to decisively crushed the last block.
‘Decentralised and trustless document storage, we are calling this our dStor, Quick, uncensored and interplantary, it is IPFS, plus video, plus more.‘
‘Do we need to remunerate musicians and lyrical artists? Well Telos has Zeptagram for this. Crowdsourcing and rights trading; it is, New art, new sound, new world bliss.‘
‘You are forgeting the poor and disadvantaged,‘ Called out one mislead member of Dash. ‘No way – we are most certainly banking the unbanked, And for this we have Sesacash.‘
‘Or are you talking food assistance? Another “world saving” place to start, Telos is scaling All_EBT’s public welfare programs, A virtual card with a heart.’
‘Worried about the real world communities? We’ve got them here at Telos too. Africans, South Americans and Christians, Our blockchain based societies – just to name a few.‘
‘We’ve got a working foundation, worker remuneration, and double digit REX staking rewards – does it get any better? Yet we never had the need for ICO money, So we are not a security – and we even have a legal letter!
‘Please excuse the brief off-topic, sorry to digress, Saving the world needs free and fair elections, to ensure true democracy. For this we have Telos Decide – blockchain ballots and voting, End intimidation, illegal voting and political hypocrisy.’
‘Why don’t we cut to the chase and be honest, Blockchain is let down by one major theme. Twelve transactions per second…. Would always stop us from going mainstream.’
‘Telos has solved this problem, Thousands of transactions per second have been seen. All for free on our decentrized blockchain, With our efficiency keeping the environment green.’
‘Forget about a lightning network, Forget about Ethereum fast, Now through our Transledger partner, You can transfer Bitcoin and Ether on Telos… instantly… en masse… for free… at last!’
In a recent article by Money Management, they reported that the 5 year average annual returnfor Australian superannuation funds was now sitting at 3.7%. This was according to the latest data released by the Australian Prudential Regulation Authority (APRA). A link to the article is here.
I make the assumption now that these returns would be indicative of diversified pension accounts world-wide, which general focus on equity and fixed income asset classes only.
This annual rate of return, 3.7%, is barely keeping pace with the headline inflation numbers (don’t get me us started on actual inflation). It is also likely that these workers were paying highly interest rates on their home loans. So again I ask the question –
Why are the workers of the world being forced to direct circa 10% of their salary to these superannuation and pension accounts?
Isn’t the most prudent retirement strategy one that ensures home ownership in retirement?
Wouldn’t that final circa 10% of salary and wages be better off directed to paying down home loan debt quicker? There is no investment risk paying down debt.
Who is really benefiting from the superannuation and pension systems?
We would love to get your thoughts, ideas, answers and comments below.
Compulsory learning for any Financial Awakening (includes SME case study).
Regardless of whether you are investing or gaming, you will eventually come to a fork in the road. It will be a financial choice, or series of choices you must make. Do you allocate your limited resources to venture A or B, or C? This decision might be long lasting, so best that you do not get it wrong.
More often than not a sound investment decision can be made by simply comparing the current yields of the available investment options. On the Goldsmith Money YouTube channel yesterday (embed below), we examined the current yields of Soccer Manager Elite teams Dinamo Zegreb and Arsenal, based on their most recent game dividends. It is apparent that a decision one way or another will have major long term implications on an investor’s financial success. So regardless of whether you this is an SME beta test or the real world, we generally want to be maximising our returns and this is how it is done.
The formula is: Dividend per share / Current share price.
A share trading at $100 pays a $5 dividend – the dividend yield is $5 / $100 = 5%
In this example the share is providing the investor with a 5% yield. If only one dividend is paid per year – this share would be said to provide a yield of 5% per annum. Should it pay 2 x $5 dividends per year, it might be said to provide a 5% semi-annual dividend. Alternatively the dividend are added together and the share is said to provide the owner with a 10% annual dividend yield.
Yield doesn’t have to be limited to just dividends. It might be calculated on interest income or business earnings.
You deposit $100 with the bank for 1 year and at the end of the term the bank pays you $2, plus returns to you the principle. Earnings / Principle = 2 / 100 = 2%. This was interest income (yield) derived from the single bank deposit is 2% per annum.
Your business into which you invested $100,000 produced a net profit for the year of $10,000. Earnings / Capital Contributions = $10,000 / $100,000 = 10%. The earnings yield of the business is 10% per annum. This financial measure is sometimes referred to as the Rate of Return (RoR).
When it comes to making a financial choice between multiple investments; it is prudent to compare the yields of those investments first.
Soccer Manager Elite Beta Test – Case Study
In last night’s Soccer Manager Elite (Beta Test) we compared the yields of Dinamo Zagreb and Arsenal shares. Let’s examine the numbers.
Dacho had used 30,000 coins to buy 300 shares in Dinamo Zagreb at a price of 100 coins each. After Wednesday’s game Dacho received a dividend of 93 coins. Calculating the yield:
Dividend per share = Total dividend / # of shares = 93 / 300 = 0.31.
So investing in Dinamo Zagreb is providing shareholders with a current yield of 0.31%per game. Over a season of 40 games this would equate to a 12.4% return on Dacho’s initial investment (all other things being equal).
Tyki on the other hand decided to invest 23,000 coins in Arsenal. He bought 230 shares for 100 coins each and subsequently received a post-game dividend of 718 coins. The current yield on the Arsenal shares is:
Dividend per share = Total dividend / # of shares = 718 / 230 = 3.12 coins.
The dividend yield per game on the Arsenal shares is 3.12%. Over a 40 match season the total dividends received would equate to a whopping 124.8% return on Tyki’s initial investment (all other things being equal).
In this scenario the shares in Arsenal are yielding circa 10x those of Dinamo Zagreb. Whilst there might be other strategic reasons for any investment decision, the matter of YIELD should never be overlooked. If you can capture a high, reliable, and regular yield early; this income can be used to fund many more investment decisions – generating even more income for this savvy investor.
Congratulations to the following SME managers who successfully located the treasure –
Winners have now been sent their 50 CHI prizes and the competition is now closed. Thank you to all the participants.
Please be sure to subscribe to the Goldsmith Money YouTube channel so to avoid missing the next XAYA / SME competition.
Over the past month Goldsmith Moneyhas found itself thoroughly involved in XAYA game beta testing. This is the beta testing for one of their two major blockchain gaming projects, being Soccer Manager Elite(SME).
Over the course of testing we produced a number of SME review videos and uploaded these to YouTube. The aim of these videos was to both provide a visual report on bugs that might be found in the game software; and, to aid in promotion (of both SME and our own branding). Importantly, it has been a lot of FUN.
We now move into phase two of the testing and it appears that all testers are stepping it up a notch. Game-play is now thrillingly serious and at times can involve a mild level of sledging. There are now others also promoting SME with YouTube game clips and written articles.
This week Goldsmith Money stepped it up a notch too, by introducing a treasure hunt prize being 200 CHI, with a 50 CHI prize being available to 4 of the current SME Managers.
CHI is the native money for the XAYA blockchain and a necessary fuel for participation on the chain. It is of course the velocity of money which will builds thriving economies, so sharing a little CHI around could produce some new blockchain growth.
Similarly, the team at XAYA HQ have just announced a 50 CHI prize for all team managers who win their upcoming games. So you can be sure that managers will be setting and adjusting lineups, formations, tactics and substitutions, right up to the 12 hour cutoff.
We are now at 80+ managers testing the software and I hope they are all enjoying it as much as I am. And hopefully for everyone this type of enthusiasm continues into the full release.
Finally – the following is a link to the YouTube clip from last night which announced the treasure hunt.
I am very pleased to announce that we had 2 treasurer hunters who found the ball from the video at Good Money and the Dollar. Congratulations to SME managers UiGoku and Dacho 1888 – CHI has been sent your way.
There were some participants who thought that the SME Balls may have been the ball in the video – unfortunately this was not the case. So no prizes here. As such the remaining 100 CHI will be carried over to a new Goldsmith Money SME Treasure Hunt in a week or so.
Stay well everyone and keep gaming – because this is where the money is. Better yet… keep Blockchain Gaming – because this is where the future is.
Please see our ‘Medium Story of the Day’ YouTube video presentation below.
Whether you are an employee or in business for yourself, diversification through multiple income streams is an important risk management tool.
For his story, Chris gathered together the latest in YouTube financial data, painting a bleak picture on current YouTuber income.
Supporting the data was commentary by a range of social media industry experts, expressing concerns about the financial impact Covid19 was having on YouTube video creators. Of particular focus, was the impact the virus lockdowns were having on the advertising and marketing budgets of large corporations.
So despite rising YouTube usership, revenues for creators have fallen dramatically. Those who have fared the best are those who managed to diversify their income stream prior to the pandemic.
Coronavirus lockdowns have increased traffic to YouTube by 15%. However, YouTubers are reporting revenue declines of 30%-50%.
It is a combination of lower ad spending and increased content creation is putting downward pressure on YouTuber Costs per Mille – meaning less money in the pot to be shared among more creators.
Digital advertising spending is presently down 33%, with large corporations slashing their marketing budgets. All indications are that budgets will not be returning to pre-pandemic levels anytime soon.
YouTubers operating in the restaurant, aviation and tourism industries have been the most impacted by the pandemic, with most industry participants putting a halt to advertising altogether.
YouTubers who had diversified their income streams through merchandise, sponsorship and through other social media platforms are faring the best.
With respect to your Financial Awakening, Chris’s story provides a valuable lesson –
Diversify your income!
Whether you are an employee or in business for yourself, diversified income streams are an important risk management tools. Not only against pandemics, but against all types of risks such as cashflow and supply chain disruptions; along with debtor, creditor and business failures and bankruptcies.
For an employed individual – diversify income streams through rental income, dividend income, interest income, royalty income or maybe even a second job.
For the small business person – you want to strive to service multiple clients and customers. Servicing one major customer makes you dependent upon the financial wellbeing of that customer. Servicing say 7 or 8 large clients or customers is a more prudent business model.
Thank you to Medium for providing this platform for knowledge sharing and thanks to you for reading and watching.
According to those in the know – being those speaking with bullion dealers, wholesalers and the mints daily…
‘The shelves are now empty!’
Much like the toilet paper and grocery runs we are seeing at the supermarkets, demand for physical gold and silver is up 10 fold in the past 7 days.
Speaking with a dealer yesterday – they claimed they were experiencing ‘unprecedented account registrations’ as people sought to buy physical. Unfortunately for these new comers, this dealer had no stock on hand and the orders they would take – expect an 8 week delivery time-frame.
Tuesday night the Perth Mint sent out a message to distributors – they were no longer taking orders for their 100 ounce and 10 ounce silver bars due to ‘unprecedented demand’. Yesterday their website was updated to indicate that they had no silver bullion in stock at all.
There is still gold available, however be prepared to pay $AU2,700+ per ounce plus delivery costs.
At this time the gold and silver paper spot prices continue to be the prices quoted by the media. These paper prices are down. However, there is now a huge disconnect between the physical prices being charged.
Customers are reporting that dealers who do have stock on hand are charging 25%+ premiums over the spot price for gold, with anything from 50-100% on silver. As one industry observer put it – ‘the dealers aren’t even looking at the spot prices anymore.’
At present the silver spot price is $US12.50 per ounce. Single ounce Liberty Eagles however are now selling for around $20+ on ebay.
I expect that the news of this surging demand will go mainstream within a week. At this stage the only discussion is taking place is on Twitter and in other social media sites.
There have now been a couple of industry articles published explaining current conditions in more detail than I will here – excerpts and links follow.
The disconnect between paper prices for precious metals and demand in the bullion markets has never been clearer. Nervous investors are frantically buying coins, rounds, and bars. Dealer shelves quickly emptied of more popular products and delays are now being quoted on many products – especially in silver.
The demand experienced industry-wide over the past 5 days has been unprecedented. This is worse than Y2K, 9/11, or the Great Financial Crisis. It is the speed at which demand spiked (seemingly overnight) that has crippled the industry. Volume is up over 10x (in some cases much more) in a matter of days. This has strained customer service, logistics, and – relevant to this article – supply. The industry is built for elasticity. We are used to big spikes in demand. We can handle a 1 or 2 standard deviation move. We can’t handle a 5 standard deviation move in 5 days.
Distributors sold out of stockpiles in 48 hours. Dealer inventory disappeared immediately. Precious metals are the toilet paper rolls of the financial markets – under appreciated until there isn’t much left.
Sales of the one-ounce American Silver Eagle coins were at 3.1 million so far this month, as of Wednesday, compared with total sales of 650,000 in the month of February, according to data from the Mint.
As discussed previously, it is important to hold ‘Good Money’ – not the paper promises which are currently being printed by the trillions. Some people are waking up to this and a new trend is forming. Perhaps for most however, it is already too late.