Gold is real money, store of value, alternative to cash

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News Date: September 9, 2020

Schiff: Because I think they are also underestimating just how much inflation global central banks are going to create - in particular the Federal Reserve - and how much value the US dollar is going to lose against other fiat currencies, but in particular against real money, which is gold.
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
Sources:www.zerohedge.com

China testing digital yuan in four cities

The app is available for download in four cities selected for the initial trial: Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new metropolis located on the outskirts of Beijing
Source:coindesk.com

The October 2020 Full Blue Moon, a higher consciousness

The October full blue moon also aligns with Mercury retrograde in Libra squaring Saturn in the sign of Capricorn. A multiplex of energies all aligned at once and hitting the earth in the light reflection of Uranus. (Moon conjunct Uranus)
Expect the unexpected know that there will be twists and turns upsetting the balance of your normal rhythm. A full Blue moon is the zenith of moon power throughout the year, be sure to create and let go of your magical energy for manifestation this blue moon. The perfect time to tune into your psychic energy in preparation for a higher consciousness power-boosting download.
Sources: thriveonnews.com

Gold is the Real Safe Haven Asset

Gold is finally outperforming the way one would imagine. It's not always about the absolute performance as it is about the relative performance.
As Bitcoin surged from March 2020 through 2021, the market was convinced that Bitcoin was the "new" digital gold, the new store of value asset.
As Bitcoin surged to new highs at each passing day, this became a self-fulfilling prophecy.
Gold was seen as the stepchild, given no attention whatsoever as traders chased the greed and FOMO 100%+ returns in crypto assets.
Year to date, Gold is now up 6% vs. Bitcoin down 25%.
Source: thestreet.com

Donald Trump hints the gold standard again

Donald Trump is trying to tell us something about the return to the gold standard, citing an interesting section from the Constitution.
He posted on his network an article of the Constitution that specifically talks about Gold & Silver Coin as legal tender.
Article I, Section 10, Clause 1:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit;
make any Thing but gold and silver Coin a Tender in Payment of Debts;
pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
Posted on T.S., February 26.

Ripple's Xumm Banking App Will Soon Be Ready for Mass Adoption

On behalf of Ripple, XRPL Labs has developed the banking app Xumm, which is based on the bridge currency XRP and should offer the same extensive functions as a bank account. The app works completely without third parties such as banks or other financial institutions and offers cross-border transactions in real-time.
Source:coinspeaker.com