GOLDSEEK RADIO

Gerald Celente, John Scurci & Listener's Q&A Nov. 10th, 2017

11.10.2017 - By CHRIS WALTZEKPlay

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Nov. 10th, 2017 Featured GuestsGerald Celente, John Scurci & Listener's Q&A Aalphabetical guest order.Please Listen Here Show Highlights John Scurci, head of Corona Associates Capital Management, outlines his analysis of the cryptocurrency phenomenon. "Blockchain is here to stay and is truly innovative... only 4% of BTC owners control 90% of the market cap." Merely 21 million BTC will ever exist, millions have evaporated or were lost on discarded hard drives, lost pass codes and "dust." 100% of all BTC will be mined by 2040. When juxtaposed with the global reserve currency, BTC has obvious appeal. Segwit2X (B2X) was canceled Wednesday night, reportedly due to lack of consensus among the developers.The market response was abrupt and dramatic; BTC launched to within earshot of $8,000 per coin, only to settle back to the previous days lows. .For early BTC entrants who 10x'ed their initial investment, locking in some profits to purchase discounted PM may be advisable. The duo concur, the PMs sector is under-owned and underpriced.A recent article illustrated gold's intrinsic value when adjusted appropriately for real inflation, approaches $15,000. John Scurci relays a humorous moniker for the yellow metal, calling "Gold... the un-bubble asset." Gold remains the reserve asset of choice for central banks, the engineers of monetary policy, which improves the appeal of owning gold / BTC immensely.Gold / BTC ownership is comparable to owning a mini central bank. While fiat money is debt based, gold / BTC have zero entanglements or liens, representing truly sound money. The discussion steers to the M1 Money Supply figure against the S&P 500.A clear correlation to monetary expansion and soaring US equities prices emerges within the St. Louis Fed's graph (figure 1.1.).Head of the Trends Research Institute, Gerald Celente shares the hosts' enthusiasm for Bitcoin and related Altcoins. The blockchain revolution presents a key portfolio candidate for investors with a long-term focus.He outlines his personal Altcoin portfolio. Cryptocoins could be viewed as a safe harbor asset amid economic / financial turmoil, similar to the PMs. The duo concur; investors are encouraged to dollar cost average into the cryptocurrencies and PMs over months / years, instead timing the market. It may be advisable to adhere to the established names in the field when building a diversified crypto portfolio.The lead developers / venture capitalists gravitate to the key projects. A hypothetical portfolio follows.The host identified a significant statistical correlation that suggests one method to hedge BTC profits.The UUP ETF shares a -.89 correlation with BTC – a small LEAPS option position requires further analysis (figure 1.1.).

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