JWU NOV 29

      Nov 29, 2013

 

1.   18 Bitcoin exchanges have “BIT the dust” so far.

2.   In the “bitginning”, obviously more conmen and just plain speculative risk existed.

3.   At this stage, I’d say that some of the exchanges have moved past the “raw start-up” stage, and are much more solid.

4.   For example, MtGox, based in Japan, just announced an electronic security card for clients.  

5.   For Americans, the US Govt made MtGox a bit like the Hotel California; you could check in, but never leave. 

6.   That situation will likely be resolved, since Gox has paid some fines and initiated a compliance dept.

7.   www.coinbase.com (San Francisco) and Asia Nexgen (hong kong) are two fairly solid exchanges.

8.   Spreads are tightening.  I use the coinbase price for reference, and bitcoin is $1106 there right now.

9.   If you take more risk with the type of exchange structure you deal with, you can get better pricing, but obviously there’s more risk of the exchange going under, and then it’s an open question as to how much money/bitcoin you walk out of there with.

10.      The biggest difference between bitcoin and government fiat is that bitcoin is privately operated.  Most government ventures are a joke.

11.      The last bitcoin minting is scheduled to occur in 2040.  There are about 12 million bitcoins in existence now, and the bitcoin private constitution limits the issue to 21 million. 

12.      Every 4 years the number of bitcoins produced gets cut in half.  It’s a long way to Tiperary, and it’s a long way to many more bitcoins getting produced, while demand for them soars.

13.      For those of you who haven’t noticed, Graceland Juniors is a speculation site.  I realize there are many gold writers who are addicted to junior gold stock investing, and they invest massive amounts of their net worth in them, while playing down the risk they are taking.

14.      If you own a factory, you understand risk at least as well as I do.  If not, well, you need to understand that junior stock investing is gambling.  It’s not something that gets “justified” by anything.  It’s gambling. 

15.      Bitcoin and other electro-currencies have the potential to compete with Gman-issued fiat.  The potential.  Not the guarantee. At this point they are pretty speculative. 

16.      What about newer, smaller and even more speculative electro-currencies, like peercoin or litecoin?  I’ll be going into more detail on those, but my suggestion is that if you make 200{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} on them in usd or gold bullion currency, you sell 1/3 to ½ your position, and put it in gold.

17.      Gamble biggest with the market’s money.  Not yours.

18.      Please click here now.  The GLDX (gold explorers fund) is trying to move higher.  There’s a bull wedge in play.   

19.      Please click here now.  That’s a 2nd look at gold explorers.  The stokeillator looks spectacular.

20.      Some of you noticed the stories about the Indian Gman cutting the import duties.  As most of you know, the carnival barkers in the gold community love to tell you how the Chindian central banks “know the wisdom of owning gold”.

21.      The reality is that the Chindian central banks are citizen-haters.  China’s central bank scum has recently endorsed a 3{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} allocation to gold, versus the 15{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} that goldland thought they wanted.

22.      Does anyone in the West have a CLUE what kind of milking machine the Indian Gman and banksters (including Western banksters) are running on the Indian citizen gold buyer?

23.      Every time a gold jeweller in India imports an ounce of gold, the banksters bill him $100 an ounce.  The Indian Gman is worse.  He tacks on about $200 for himself, and, if you can believe it, calls that “helping the citizens.

24.      Indian citizens are paying $300 an ounce to the bankster-Gman mafia, while the West’s carnival barkers boast how enthusiastic Indian citizens and jewellers are to pay the gold mafia $300 an ounce.  What a sick joke.  What a horror. 

25.      Andrew Jackson needs to rise up from his grave, and go to India, and let the Gmen and bankster watch a movie of “Hang Em High”, with India’s Gmen/banksters as lead actors in Andrew’s noose.  Lead actors in a non-fiction show.

26.      Gridtime!  The Indian Gman literally claims that he’s taking $180 -$200 himself, on every ounce that comes into India, to “help the people”.  Worse, this maggot of maggots claims his actions, if you have 20,000 vomit bags ready, are to “protect” the Indian jewellery business.  Is the Indian Gman totally insane, or is he an Al Capone protection racket reincarnation?  The Indian Gman crushed Indian jewellery stocks by 90{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9}, forced the major shareholders of the companies to put up their now-worthless stock to buy any gold for their business, cut off all bank financing, wiped out generations of family jewellers, all to serve the bankster scum, to put gold in the $1123 area. The banksters cut off Indian gold dealer financing, and then Western gold gurus sucked on Rob Ford’s crackpipe, while telling YOU that India’s Gman is doing the “right thing”.  I say, alongside Andrew Jackson: Gol Dang the pusher man….  Your gold explorers will serve the Chindian citizen, on the scale, in decades to come, as Chindian citizens will serve you, on the gold mining stocks price grid, for decades to come. 

Kirk out.

 

Thanks!

           Cheers

           St

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