Bitcoin has a lingering problem that few people are talking about amid the renewed exuberance of the recent price surge.
Hardly anyone is using the world’s largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years.
Even though marque companies such as AT&T Inc. now let customers pay with cryptocurrencies, the problem is that few speculators want to use the digital coins to pay for wireless services when the digital asset’s price might surge another 50% in a matter of weeks. That’s become the main dilemma with the cryptocurrency: Bitcoin needs the hype to attract mass appeal to be considered a viable electronic alternative to money but it has developed a culture of “hodlers” who advocate accumulation rather than spending. Full Article Bloomberg
GOLD STANDARD AS THE FIRST FINANCIAL CENTER OF DIGITAL ECONOMY
Gold Standard Bank has become the most significant global multinational holding company in financial sector that has been setting new trends in the blockchain sector development. Its rapid growth is based on the understanding that the world of the future will draw on technology and gold. Over the past few years, it has become the largest venture, which has implemented a numberof successful innovative blockchain projects related to introduction and development of gold exchange transactions.
With the uncertainty in the world economy it is never too late to make a safe investment in gold. How to invest in gold can be done easily and securely and it does not matter what the price of gold is currently trading at. When you purchase gold it is a good idea to dollar cost average your purchases. This means that you will be putting a certain amount of money towards whatever type of gold investment you prefer each and every month. You will do this regardless of the price.
There are 4 different ways that you can invest in gold. These include gold bullion, gold ETF’s, gold-mining stocks, and gold ETN’s. The two more common choices are gold bullion and gold mining stocks. With gold bullion you can purchase physical gold including gold jewelry, gold bars, and gold coins.
Gold bullion, coins, and jewelry can be stored in a floor or wall safe in your home or in a safety deposit box at your bank. You can also store your gold at certain companies such as Karatbars in Stuttgart.
And Why Hillary Clinton is Wrong To Attack Him On It
You can tell that the presidential race is heating up because the attack ads are heating up too. In the past, much of political advertising happened on the television. If you didn’t like it, you could change the channel. This election involves social media more than any other I can remember.
Last week, Hillary Clinton, the Democratic nominee for president, sent this out on her Twitter account:
Usually, the candidates choose to release their tax returns if they are running for president. Donald Trump has elected, so far, not to do this.
Last week, Hillary and Bill released their 2015 tax return to the public. This was most likely the reason they are attacking Trump on his tax returns. As The New York Times reports, Hillary and Bill paid “$3.6 million in federal taxes for an effective tax rate of about 35 percent.” Most of this income came from speeches and Hillary’s memoir.
I find it interesting that Hillary would choose to attack Donald Trump for not paying anything in taxes and celebrate that she paid so much in taxes. This to me shows that Hillary is a career politician, while Donald is a career entrepreneur. It also shows me that Donald is doing what the tax code was intended for while Hillary and Bill are being penalized for not doing what the tax code was intended for.
As I’ve learned from my Rich Dad tax advisor, Tom Wheelwright, the most patriotic thing you can do is not pay your taxes!
Let me explain.
The Tax Code is Made to Incentivize
As you probably know, the tax codes in the US and in many different countries are long and complicated. The question is, why?
The reason is that government leaders learned a long time ago that the tax codes could be used to make people and businesses do what they want by utilizing the tax code.
In short, the many credits and breaks that are found in the tax code are there precisely because the government wants you to take advantage of them. For instance, the government wants cheap housing. Because of this, there are many tax credits for affordable housing that developers and investors can take advantage of that minimize their tax liability, put more money in their pocket, and in turn, create affordable housing. Everyone wins.
There are many scenarios like this in the tax code that incentivize investors and entrepreneurs to do activities the government is looking for while rewarding those who take those actions with lower-or zero-tax burden.
Because of this, limiting your tax liability actually means you’re doing what the government wants you to do through the tax code. And that is the most patriotic thing you can do.
Why Hillary is wrong
This is why it is insanity for Hillary to criticize Donald for not paying taxes. The only way in which he would not pay taxes would be by doing things like investing and creating jobs to receive tax benefits created by the government! Conversely, the fact that Hillary and Bill paid a 35% tax rate and millions in taxes shows they are not doing what the government wants. They are not providing jobs, starting businesses, or investing in a meaningful way.
Personally, I’d rather have someone who understands how money and taxes work, how to create jobs and invest in ways our own tax code incentivizes, than one who doesn’t. This is not an endorsement of either candidate, but it is a true observation regarding this one issue.
Hillary’s tweet is capitalizing on the general ignorance around money and taxes that much of our country has. In that way, it is actually a lie and a form of fear mongering. It is an attack without legs to stand on, preying on emotions rather than appealing to logic and intellect.
But that’s what most of our politics has devolved to these days, so I’m not surprised.
Want to know more? Read Tom’s book on taxes
During the election season, you’ll hear lots of things that sound right, but fall apart upon further analysis. That’s why it pays to do your own homework, especially when it comes to money and taxes.
Tom is a genius when it comes to taxes, and I encourage you to read his book- and to begin looking at how you can be patriotic by not paying your taxes by investing and building businesses that the government rewards with tax breaks and credits for doing exactly what they want.
Also, for more information on using the tax code to get rich, take advantage of our Rich Dad education and coaching classes that will help increase your financial education and your wallet, while decreasing your tax bill.
Over the next few weeks we’ll be publishing a series of these videos, so make sure you are subscribed as this analysis is not to be missed. In this first installment, Mike and Peter discuss hard evidence that a huge economic crisis awaits us in the not too distant future.
Contact me HERE, to receive a cash flow business strategy, build your own system, and take advantage of this economic crisis
You may think I got these numbers wrong or that the headline below is a joke, but as you’ll see, the most despised investment class of 2014—gold—really was up 73% last year… in Russia.
Before you dismiss that as irrelevant, you should read Jeff Clark’s brilliant article on the subject; it’s fun and yet fact driven and presents a perspective all investors should give serious thought to.
“Gold Price in Rubles Rises 73% in 2014”
The article detailed how gold had soared last year due to the depreciation of the ruble. What especially pleased him was that gold rose more than the ruble fell. It also outpaced the rise in inflation.
The article included a chart of the last six weeks’ price movement, during which the ruble had taken an especially ugly drop.
The price of gold rose against ALL currencies in 2014—except the US dollar. Yes, gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won.
Even more interesting was that gold outperformed most stock markets around the world…
If you agree, I encourage you to forward this edition to all your friends who should give the matter due consideration. If the worst of our economic fears do come to pass, they’ll be glad you did.
ALLOW me to observe…we are NOT a Speculative Investment…
Karatbars are Gold as Money…
Contact me HERE to be a part of our worldwide business expansion.
Turning down the most successful band in history and rejecting the chance of buy one of the world’s most important inventions are just two of the 10 worst business decisions of all time, and the number 11 will be your decision.
This is the most important part when your goal will be your financial freedom. Let me put one more fact, the number 11, this chance for you is already gone!
In 2000, 1 ounce of pure gold cost $279.11.
In 2010, the same 1 ounce cost US$1,224.53 [gold price]
What does that mean for you? That your fiat currency (dollars) will devaluate 26.6% in 10 years (just in USA).[Federal Reserve]
In Argentina, their currency devaluation is 21.43%
So, the #11 business decision is in your hands right in front of you. This is a fact, If the dollar continues to loose their purchase power (FED 33% dollar already programmed for 2014) what will you decide? And, If the market crashes again like 2008, you will be in an extremely good financial position if, you take action today and start accumulating your gold (International Reserve Asset).
Don’t miss out this opportunity, the wealth transfer is in your feet, and don’t waste time thinking about it.
Contact me HERE, I have a business strategy for your, liquidity, more sales and assets.