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.