As good as gold is, it’s got major problems … and not just from the trading
standpoint, which is a manipulated FUBAR mess thanks to the scumbags in silk
suits at the LBMA, COMEX, & BIS, a/k/a “The Gold Cartel” … your risk profile is
at least 5X higher than you think it is, while your reward of profits from a trade
get gutted like a fish for dinner by high spreads and horrific slippage … in other
words, they steal way too much when you win, and they pour salt and lemon juice
on the stab wound they give you when your trade is wrong … doing some “back
of the envelope” statistical calculations, and after consultation with a genuine
Jethro Bodine math whiz who used to work for the government, I figure you
roughly need 4 winning trades to make up for each losing trade over a
meaningful period of time, when you venture into gold … and of course, this is
the reason they ask no questions when opening an account to trade, cuz they
know the collective is gonna provide ample amounts of money for them, so let’s
make this as easy as possible! … sure, they’re crooks, but they ain’t stupid either.
In the modern era, gold simply can’t be used as a medium of exchange
… 1) there’s not nearly enough of it for the world’s population, 2) by backing some
form of currency transferability with paper, you introduce the possibility of
cheating and inflation, and the outright theft of the gold SUPPOSEDLY backing
the paper up, 3) you can only physically carry so much gold before it becomes a
major problem in terms of weight, 4) when it ain’t in your hands, you have to store
it safely from theft, and 5) you can’t buy anything with actual gold … you have to
convert it first through one or more intermediaries into paper, and that leaves an
audit trail even Barney Fife could follow right to you.
As a store of wealth over time, gold is great cuz it has no counterparty risk, but to
use it in terms of commerce it fails miserably … and this is where digital currency,
most notably 1) the stablecoins, and 2) the high profile Bitcoin, Ethereum, and
other major coins that have a very wide and prolific following … of course, the
most popular and visible is Bitcoin … it solves ALL OF THE PROBLEMS GOLD
HAS AND UNLIKE GOLD, THERE CAN NEVER BE ANY MORE PRODUCTION OF
BITCOINS … a fixed supply for a world screaming at the top their collective lungs
for a currency that isn’t gonna be depreciated by scumbag central bank
Apparatchiks using the CNTRL-P machine to benefit the ruling class and
government … government that steals purchasing power by spending your money
now and then repaying you later with cheaper less valuable fiat.
Quite frankly, unless anybody plans to hold title of real estate, or other types of
personal property like autos or boats, there is no reason to spend money to form
and maintain an offshore PIF [Private Interest Foundation] or IBC [International
Business company] … you don’t need a Swiss bank account or a bank account in
a tax haven like Belize or any of the other tax havens … they’re somewhat
expensive to set up, and the bank will want to know anything / everything about
you to make sure you’re not some kind of Pablo Escobar in secret … you simply
put money into a DECENTRALIZED E WALLET, that can be accessed from
anywhere in the world … of course you know that YOU ALWAYS USE A VPN
WHEN ONLINE … right? … you know this right? … [if not, you might as well just
figure the government knows what the fuck you’re up to] … for ease of use I
recommend Atomic and/or Exodus e wallets, but there’s tons of other ones that
are excellent as well … or use something like a cold storage nano ledger thumb
drive … either way, you got your proverbial “Swiss bank account” right at your
fingertips when you need it, and it’s FREE … if you’re past DEFCON PARANOID
LEVEL 1, buy and hold Monero and/or Z-Cash cuz they can’t be traced on the
blockchain and are completely invisible to government … and unless you give
your passphrase to somebody and/or tell others what you’re doing [err, not
recommended Skippy], there simply isn’t anybody or any entity on earth that
knows what your business is … and if, at a later date you need gold or another
precious metal, pay for it with crypto and either take delivery and/or store it at
BullionStar in Singapore … the problem with “offshore” has always been the
bank part … forming the entity is easy, private, and secure especially if you use
a law firm, but to do this just to protect money [i.e. cash] isn’t necessary any
longer thanks to crypto … this is 2023, not 1993!
I would expect in the months / years ahead, that everything will be traded in
terms of BTC and/or Yuan, and that dollar trading will gradually at first, then in a
mad rush, be replaced … 2 events IMHO may be the catalysts to see this
implementation … 1) Chinese Yuan convertibility into gold, and/or 2) OPEC+
demanding oil be paid for in Yuan and/or a basket of commodity currencies, thus
ditching the U.S. Dollar as a payment mechanism … whether you like it or not,
they’re both coming, simply cuz the entire world is SICK & TIRED OF BEING SICK
& TIRED OF U.S. FINANCIAL HEGEMONY … the use of the dollar as a financial
weapon for those who disagree with the agenda of Libtards in the U.S. … and
basically the world is saying “fuck the U.S. and Pimps like Biden”, we’re setting
up and implementing our own system that bypasses the hypocritical scumbags
in the U.S., who sandbag us at every opportunity … and the ChiComs are leading
the way … quite frankly, who can blame them?
We start the week for the PAMM going back over to the DOW30 … as I said on
Friday, I don’t see where we have any choice … gold is sooooo fucked up in
terms of pricing, spread “scumbaggery & fuckery”, and horrific slippage, that
nobody can tell me with any assurance what kind of reward / risk ratio this so
called trading market offers … it’s so manipulated by scumbag bullion banks [with
the FEDS help] front running every order over 1 OZ, and then fading order flow
while butchering stops [see Friday’s sell stop horseshit on any m1 chart, and
then tell me how you didn’t get your ass kicked in by being long?], you can’t be
in anything and not feel like the entire account is at risk from these Assholes
… there are simply NO RULES any longer to where any of this shit can go … so
we’ll see how the DOW30 works out.
By contrast, “The Syndicate” over @ IQCENT is trading BTC with a 1 penny
spread and no commissions, and the very same bat shit crazy [BSC] conditions
gold sees, it’s “spades” in Bitcoin … WITH ONE VERY BIG MAJOR DIFFERENCE!
… THERE ARE NO SCUMBAG, THIEVING, BANK OR HFT LIQUIDITY PROVIDERS
[LP’S] DOMINATING PRICING AND VOLATILITY [VIX] … NONE! … NADA! … THEY
AIN’T THERE! … instead, it’s a game made up of 3 parties … 1) retail specs like
Mrs. Watanabe & Gal Pals, the Chuckleheads, and various other Newbie types
who either just read a book on technical analysis, or watched a YouTube vid from
some self proclaimed “guru” and are thrilled to gonna be making a trillion dollars
next week … 2) “Whales” … those who sling around a minimum of $1+ million
worth of BTC at a crack, and basically treat party #1 like their personal slaves
… 3) “Arbs” [arbitrageurs] … those who provide most of the second to second
liquidity on any and all platforms by buying / selling BTC from the dozens of
platforms and exchanges around the world … quite frankly, it’s the truest form
of providing “LIQUIDITY” to a market cuz it’s guaranteed money for the arb
… like a bank getting an ATM fee for your withdrawal of cash.
With the way Bitcoin moves, I could care less knowing that IQCENT [which btw
acts as their own LP through their proprietary brokerage house arm] has bought
BTC a few pennies cheaper somewhere else I don’t know about, then fills me
instantaneously at my price … 3 .. 2 .. 1 … it’s gonna move folks! … and if it stops
moving and stalls, no problem cuz I don’t have to worry about paying 0.06%
“gas fees” [a/k/a commissions] on each side of the transaction, I simply get out
and it’s the same process in reverse … only, I’m reacting off the true market of
specs and/or “Whales”, NOT SOME FUCKING BANK WHO’S GIVING ME A
BULLSHIT, PHANTOM PRICE, THEN FUCKS ME WITH SLIPPAGE TO BOOT!
… I’ve been in BTC trades for “the Syndicate” that haven’t lasted 10 seconds!
… in, it immediately rallies $20+, out … no problem, no slippage … deja vu baby!
… I feel like I’m on the trading floor … somebody pinch me, is it 1986 all over
again? … you simply can’t get this from any group of LP’s [bank and/or HFT’s]
on the MT4 and/or MT5 platform where you are dependent on pricing from one
of these scumbag outfits … that’s why I say, if you are a trader sitting out there
and wondering what to trade and where to trade it, the guesswork is
OVER Skippy?!
Use the alternative trading algorithm and open an IQCENT account through my
affiliate link and get your ass in gear! … [using my link costs you nothing, but
helps me a little … thanks! … and “EL MUCHO!” thanks to all that have done so
already.] … and as I’ve said before, if BTC is simply too rich for your blood and
the action too much for your heart, simply pick another from their list, like
Ethereum or Doge and get going … you’ll get the same conditions I enjoy in BTC
… and quite frankly, once you’re up and running you’ll never go back to trading
traditional shit ever again … why? … you can’t give me even one reason that
makes sense!
Directly below, this week’s 20 Day Range MA’s for selected markets.
Onto the week! … OUTTA HERE … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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