activistpost--2020-05-28--Grayscale: Central Bank Digital Currencies Will “Neither Replace nor Harm Scarce, Uncompromising Bit

Grayscale: Central Bank Digital Currencies Will “Neither Replace nor Harm Scarce, Uncompromising Bitcoin”

Central bank digital currencies ( CBDCs ) pose no threat to Bitcoin ’ s value proposition , instead , they will spur its growth toward mass adoption .
In a new report , Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency , they can be inflationary and are open to manipulation by central banks .
CBDCs are merely digital versions of fiat currencies , which can not escape government control , it said , adding that government-backed cryptocurrencies simply maintain the status quo .
State control is anathema to bitcoin , an asset created to @ @ @ @ @ @ @ the ownership of money to the people , beyond the reach of the state .
“ CBDCs may censor non-ordained addresses , and central banks will continue to control the monetary policy , ” says the report , which examined the potential impact of state-issued digital currencies on the status of bitcoin .
“ On the surface , it seems like a digital dollar might displace Bitcoin ’ s growth because they are both digital , but it actually fails to address these principal concerns , ” it added .
CBDCs are digital @ @ @ @ @ @ @ , in part , to neutralize BTC .
About 25 % of central banks around the world are now actively exploring the possibility of issuing state-backed digital money , but none is closer to doing so more imminently than China .
For those who are interested in buying cryptocurrency with fiat money , Changelly has recently launched a new fiat-to-crypto marketplace where it is possible to choose offers from the most reliable fiat providers and buy bitcoin with credit card or through other methods at competitive rates .
Grayscale Investments , which manages @ @ @ @ @ @ @ , noted that any similarities between CBDCs and bitcoin are fake .
But as more people become familiar with the digital payment infrastructure due to the successful implementation of CBDCs , bitcoin will reap the benefits .
“ Whether or not CBDCs are successfully introduced , they already strengthen the case for non-sovereign digital currencies , like Bitcoin , by forcing institutions to consider adopting digital currency infrastructure , while also educating users on digital bearer assets and the characteristics of good money , ” the report stated .
“ Bitcoin is unique @ @ @ @ @ @ @ but because it is scarce and available for anyone to use.
” The report explained that “ moving fiat currencies to digital infrastructure would highlight that bitcoin is special not because it is digital , but because bitcoin is a scarce , uncompromising , apolitical currency that is open for anyone to use.
” What do you think about central bank digital currencies against bitcoin ?
Let us know in the comments section below .
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By Jeffrey Gogo
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption.
In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banks.
CBDCs are merely digital versions of fiat currencies, which cannot escape government control, it said, adding that government-backed cryptocurrencies simply maintain the status quo.
State control is anathema to bitcoin, an asset created to challenge the conventional financial system and return the ownership of money to the people, beyond the reach of the state.
“CBDCs may censor non-ordained addresses, and central banks will continue to control the monetary policy,” says the report, which examined the potential impact of state-issued digital currencies on the status of bitcoin.
“On the surface, it seems like a digital dollar might displace Bitcoin’s growth because they are both digital, but it actually fails to address these principal concerns,” it added.
CBDCs are digital currencies issued by central banks, created, in part, to neutralize BTC. About 25% of central banks around the world are now actively exploring the possibility of issuing state-backed digital money, but none is closer to doing so more imminently than China.
For those who are interested in buying cryptocurrency with fiat money, Changelly has recently launched a new fiat-to-crypto marketplace where it is possible to choose offers from the most reliable fiat providers and buy bitcoin with credit card or through other methods at competitive rates.
Grayscale Investments, which manages over $3.8 billion in digital assets, noted that any similarities between CBDCs and bitcoin are fake. But as more people become familiar with the digital payment infrastructure due to the successful implementation of CBDCs, bitcoin will reap the benefits.
“Whether or not CBDCs are successfully introduced, they already strengthen the case for non-sovereign digital currencies, like Bitcoin, by forcing institutions to consider adopting digital currency infrastructure, while also educating users on digital bearer assets and the characteristics of good money,” the report stated.
“Bitcoin is unique not only because it is digital, but because it is scarce and available for anyone to use.”
The report explained that “moving fiat currencies to digital infrastructure would highlight that bitcoin is special not because it is digital, but because bitcoin is a scarce, uncompromising, apolitical currency that is open for anyone to use.”
What do you think about central bank digital currencies against bitcoin? Let us know in the comments section below.
Source: Bitcoin.com
Subscribe to Activist Post for truth, peace, and freedom news. Become an Activist Post Patron for as little as $1 per month at Patreon. Follow us on SoMee, HIVE, Flote, Minds, and Twitter.
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activistpost--2020-05-29--Battlefield America: As The COVID Story Falls Apart, A New Crisis Takes Over

For months the global health pandemic known as the coronavirus or COVID-19 has been dominating the headlines while drastically changing the lives of billions of people around the world .
With unprecedented restrictions of people ’ s fundamental human rights , while simultaneously destroying the global economy , what is really going on ?
Many have questioned the response from governments and global institutions such as the World Health Organization from the very beginning .
Now , the CDC admits the mortality rate of the virus is much lower than previously projected , but the question remains why are we @ @ @ @ @ @ @ question for the need of continued lockdowns is now more important than ever , it seems to be lost as we are witnessing massive civil unrest spread across the US just as quickly as we were told the virus was spreading .
Are these protests spontaneous ?
Or is there an outside force facilitating the unrest , as we seem to be entering the second stage of a much larger operation ?
Is this the stage between phase one and phase two of the outbreak ?
A summer of chaos ?
In an @ @ @ @ @ @ @ of a Soros-sponsored color revolution , or a new form of Operation Gladio ?
Regardless , it is almost impossible to deny the US , among many other nations , is in the midst of a rapid destabilization operation .
Activist Post Recommended Book : Battlefield America : The War on the American People Officer Charged With Killing George Floyd Arrested , Governor Apologizes For “ Abject Failure ” In Response To Unrest https : //www.zerohedge.com/political/officer-charged-killing-george-floyd-arrested UPDATE : George Floyd ’ s family issues statement following arrest of former officer https : //kttc.com/2020/05/29/breaking-officer-who-knelt-on-george-floyds-neck-arrested/ @ @ @ @ @ @ @ Reaper Drone Over Minneapolis As Riots Worsen ( Updated ) https : //www.activistpost.com/2020/05/us-govt-now-flying-mq-9-reaper-drone-over-minneapolis-as-riots-worsen.html George Floyd Worked Security At The Same Nightclub As The Officer Who Killed Him https : //www.zerohedge.com/political/george-floyd-worked-security-same-nightclub-officer-who-killed-him “ They Motherf**kers Need To Go Home !
” – Locals Rage At Rioters As Minneapolis Burns https : //www.zerohedge.com/political/3rd-precinct-burning-500-national-guard-soldiers-activated-minneapolis Subscribe to Activist Post for truth , peace , and freedom news .
Become an Activist Post Patron for as little as $ 1 per month at Patreon .
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@ @ @ @ @ @ @ ’ s coming !
Get a free issue of Counter Markets today .

By Spiro Skouras
For months the global health pandemic known as the coronavirus or COVID-19 has been dominating the headlines while drastically changing the lives of billions of people around the world. With unprecedented restrictions of people’s fundamental human rights, while simultaneously destroying the global economy, what is really going on?
Many have questioned the response from governments and global institutions such as the World Health Organization from the very beginning. Now, the CDC admits the mortality rate of the virus is much lower than previously projected, but the question remains why are we all still on lockdown?
Although the question for the need of continued lockdowns is now more important than ever, it seems to be lost as we are witnessing massive civil unrest spread across the US just as quickly as we were told the virus was spreading.
Are these protests spontaneous? Or is there an outside force facilitating the unrest, as we seem to be entering the second stage of a much larger operation? Is this the stage between phase one and phase two of the outbreak? A summer of chaos? In an election year, does it resemble shades of a Soros-sponsored color revolution, or a new form of Operation Gladio?
Regardless, it is almost impossible to deny the US, among many other nations, is in the midst of a rapid destabilization operation.
Activist Post Recommended Book: Battlefield America: The War on the American People
Dahboo7 DLive Streaming
https://dlive.tv/DAHBOO7
Dahboo7 Twitter
https://twitter.com/dahboo7
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https://www.youtube.com/user/DAHBOO77
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https://www.youtube.com/user/Dahboo777
Officer Charged With Killing George Floyd Arrested, Governor Apologizes For “Abject Failure” In Response To Unrest
https://www.zerohedge.com/political/officer-charged-killing-george-floyd-arrested
UPDATE: George Floyd’s family issues statement following arrest of former officer
https://kttc.com/2020/05/29/breaking-officer-who-knelt-on-george-floyds-neck-arrested/
US Gov’t Now Flying MQ-9 Reaper Drone Over Minneapolis As Riots Worsen (Updated)
https://www.activistpost.com/2020/05/us-govt-now-flying-mq-9-reaper-drone-over-minneapolis-as-riots-worsen.html
George Floyd Worked Security At The Same Nightclub As The Officer Who Killed Him
https://www.zerohedge.com/political/george-floyd-worked-security-same-nightclub-officer-who-killed-him
“They Motherf**kers Need To Go Home!” – Locals Rage At Rioters As Minneapolis Burns
https://www.zerohedge.com/political/3rd-precinct-burning-500-national-guard-soldiers-activated-minneapolis
Minneapolis PD 3rd Precinct Set On Fire, Breached By Rioters
https://www.zerohedge.com/political/minneapolis-burning-buildings-torched-stores-looted-protests-over-george-floyd-intensify
Follow Spiro on BitChute bitchute.com/channel/spiro/ Follow on Twitter https://twitter.com/o_rips
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activistpost--2020-05-29--At Least 9 Million US Households With Children Are “Not At All Confident” They’ll Be Able to Afford

At Least 9 Million US Households With Children Are “Not At All Confident” They’ll Be Able to Afford Food Next Month, Census Survey Finds

A poll released by the U.S. Census Bureau this week revealed that at least nine million American households that include children are unsure whether they ’ ll be able to access enough food in the next four weeks and millions more are experiencing housing insecurity during the coronavirus pandemic .
The bureau ’ s weekly Household Pulse Survey , taken between May 14 and 19 , asked respondents about their loss of employment , food security , overall health , and other issues they are facing during the pandemic .
According to the data , more than nine million households @ @ @ @ @ @ @ that they will be able to afford food in the next month , and more than 18 million are only “ somewhat confident ” about their food security .
The Census also asked respondents whether they had experienced food insecurity prior to March 13 , when President Donald Trump declared the pandemic a national emergency and schools across the country shut down .
Just over two million people had “ often ” not had enough to eat before the pandemic forced state and local economies to shut down , which was followed by @ @ @ @ @ @ @ federal government .
Since the coronavirus outbreak began spreading across the country in March , food banks have reported skyrocketing numbers of Americans relying on their services , including many who had never before needed assistance accessing food .
With 74 % of U.S. families living paycheck-to-paycheck—including one in four households that earn at least $ 150,000 per year—the pandemic and the federal government ’ s reluctance to offer more than a one-time direct payment of $ 1,200 to most Americans plunged millions into desperate situations overnight .
As Common Dreams reported Wednesday @ @ @ @ @ @ @ that a quarter of respondents weren ’ t able to pay their rent or mortgage in May or were concerned they wouldn ’ t be able to pay in June .
See : 177 Different Ways to Generate Extra Income Intercept journalist Rachel Cohen pointed out on social media that the widespread economic uncertainty that ’ s grown out of the pandemic is having reverberating effects on Americans ’ overall wellbeing .
A Census survey taken earlier this month found that a third of Americans are showing signs of clinical anxiety or depression @ @ @ @ @ @ @ released by the Census Bureau in its weekly surveys has intensified calls for government intervention to ensure people are not evicted from their homes if they can ’ t pay their rent due to job loss , to provide Americans with more robust direct payments for the duration of the crisis , and to prioritize making sure people have access to the medical and mental healthcare they need .
“ Now that the government knows how widely people are suffering , the question is what are they going to do about it , @ @ @ @ @ @ @ Washington Post on Wednesday .
Our work is licensed under a Creative Commons Attribution-Share Alike 3.0 License .
Feel free to republish and share widely .
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By Julia Conley
A poll released by the U.S. Census Bureau this week revealed that at least nine million American households that include children are unsure whether they’ll be able to access enough food in the next four weeks and millions more are experiencing housing insecurity during the coronavirus pandemic.
The bureau’s weekly Household Pulse Survey, taken between May 14 and 19, asked respondents about their loss of employment, food security, overall health, and other issues they are facing during the pandemic.
According to the data, more than nine million households are “not at all confident” that they will be able to afford food in the next month, and more than 18 million are only “somewhat confident” about their food security.
The Census also asked respondents whether they had experienced food insecurity prior to March 13, when President Donald Trump declared the pandemic a national emergency and schools across the country shut down.
Just over two million people had “often” not had enough to eat before the pandemic forced state and local economies to shut down, which was followed by little economic relief for families from the federal government.
Since the coronavirus outbreak began spreading across the country in March, food banks have reported skyrocketing numbers of Americans relying on their services, including many who had never before needed assistance accessing food. With 74% of U.S. families living paycheck-to-paycheck—including one in four households that earn at least $150,000 per year—the pandemic and the federal government’s reluctance to offer more than a one-time direct payment of $1,200 to most Americans plunged millions into desperate situations overnight.
As Common Dreams reported Wednesday, the same Household Pulse Survey revealed that a quarter of respondents weren’t able to pay their rent or mortgage in May or were concerned they wouldn’t be able to pay in June.
Intercept journalist Rachel Cohen pointed out on social media that the widespread economic uncertainty that’s grown out of the pandemic is having reverberating effects on Americans’ overall wellbeing.
A Census survey taken earlier this month found that a third of Americans are showing signs of clinical anxiety or depression since the pandemic began.
The data released by the Census Bureau in its weekly surveys has intensified calls for government intervention to ensure people are not evicted from their homes if they can’t pay their rent due to job loss, to provide Americans with more robust direct payments for the duration of the crisis, and to prioritize making sure people have access to the medical and mental healthcare they need.
“Now that the government knows how widely people are suffering, the question is what are they going to do about it,” psychiatrist Maria A. Oquendo told the Washington Post on Wednesday.
Source: Common Dreams
Our work is licensed under a Creative Commons Attribution-Share Alike 3.0 License. Feel free to republish and share widely.
Julia Conley is a staff writer for Common Dreams.
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activistpost--2020-05-29--Announcing #ExposeBillGates Global Day of Action on June 13, 2020

FOR IMMEDIATE RELEASE : Announcing # ExposeBillGates Global Day of Action on June 13 , 2020 WHAT : A non-partisan coalition of alternative media organizations and activist groups are calling for a Global Day of Action to # ExposeBillGates and his control agenda .
In the first few months of 2020 , billionaire Bill Gates has been promoted as the savior to the COVID-19 pandemic .
Although he is lauded as a hero Gates has been a force of disruption and shaky science .
The truth is Bill Gates hides a darker agenda .
Gates has made numerous media appearances @ @ @ @ @ @ @ tracing surveillance , digital certificates to travel and work , and announced his intention to vaccinate 7 billion people .
Gates ’ family also has ties to discredited eugenics science and believes billionaires like him should help reduce the world ’ s population .
( For those who might be new to this information we recommend watching The Bill Gates documentary series from The Corbett Report and/or reading The Bill Gates investigation from The Last American Vagabond . )
It ’ s time to # ExposeBillGates and expose his agenda .
Together we @ @ @ @ @ @ @ true intentions and change the course of humanity .
WHEN : Join us on Saturday June 13 , 2020 as we spread the word about Bill Gates ’ agenda .
We encourage everyone interested to organize and host documentary screenings , share articles , pass out flyers , drop banners , and share on social media using the hashtag # ExposeBillGates .
We encourage everyone to share accurate and credible information about Gates ’ goals .
This is a non-partisan event and activists from all sides of the political spectrum are welcome .
@ @ @ @ @ @ @ ExposeBillGates Day please use this make this image your profile pic on all social media accounts .
# ExposeBillGates Day is being organized by The Conscious Resistance Network , The Corbett Report , The Last American Vagabond , Activist Post , The Free Thought Project , The Anti Media , and We Are Change .
If you represent an alternative/independent media channel or website and would like to be involved please get in touch .
Subscribe to Activist Post for truth , peace , and freedom news .
Become an Activist Post Patron @ @ @ @ @ @ @ month at Patreon .
Follow us on SoMee , HIVE , Flote , Minds , and Twitter .
Provide , Protect and Profit from what ’ s coming !
Get a free issue of Counter Markets today .

FOR IMMEDIATE RELEASE: Announcing #ExposeBillGates Global Day of Action on June 13, 2020
WHAT: A non-partisan coalition of alternative media organizations and activist groups are calling for a Global Day of Action to #ExposeBillGates and his control agenda.
In the first few months of 2020, billionaire Bill Gates has been promoted as the savior to the COVID-19 pandemic. Although he is lauded as a hero Gates has been a force of disruption and shaky science. The truth is Bill Gates hides a darker agenda.
Gates has made numerous media appearances calling for extended lock downs, contact tracing surveillance, digital certificates to travel and work, and announced his intention to vaccinate 7 billion people. Gates’ family also has ties to discredited eugenics science and believes billionaires like him should help reduce the world’s population. (For those who might be new to this information we recommend watching The Bill Gates documentary series from The Corbett Report and/or reading The Bill Gates investigation from The Last American Vagabond.)
It’s time to #ExposeBillGates and expose his agenda. Together we can shine the light on Gates’ true intentions and change the course of humanity.
WHEN: Join us on Saturday June 13, 2020 as we spread the word about Bill Gates’ agenda. We encourage everyone interested to organize and host documentary screenings, share articles, pass out flyers, drop banners, and share on social media using the hashtag #ExposeBillGates. We encourage everyone to share accurate and credible information about Gates’ goals. This is a non-partisan event and activists from all sides of the political spectrum are welcome.
To help spread the word about #ExposeBillGates Day please use this make this image your profile pic on all social media accounts.
#ExposeBillGates Day is being organized by The Conscious Resistance Network, The Corbett Report, The Last American Vagabond, Activist Post, The Free Thought Project, The Anti Media, and We Are Change. If you represent an alternative/independent media channel or website and would like to be involved please get in touch.
CONTACT: Derrick Broze / intothelight@protonmail.com
Subscribe to Activist Post for truth, peace, and freedom news. Become an Activist Post Patron for as little as $1 per month at Patreon. Follow us on SoMee, HIVE, Flote, Minds, and Twitter.
Provide, Protect and Profit from what’s coming! Get a free issue of Counter Markets today.


activistpost--2020-05-29--Scammers Exploit Pandemic to Peddle Fake Silver, Phony Collectibles

Precious metals markets are trading mixed this week .
Despite a significant drop in the U.S. Dollar Index which might have served as a catalyst for a big breakout week for gold and silver – futures traders had other ideas and kept metals prices relatively capped through Thursday .
Today , however , we ’ re seeing a nice month-end rally developing in gold and silver prices .
Silver ’ s outperformance brings the gold : silver ratio back below 100 after reaching historically high levels from the panicked market conditions of March .
Although the ratio itself doesn ’ @ @ @ @ @ @ @ metals traders do try to profit off trends in the ratio by going long one metal and short the other .
Long-term bullion investors also use the ratio as a measure of relative value when deciding whether to favor gold or silver in new purchases .
Right now , in terms of both relative value and near-term momentum , silver has the edge over gold .
Although anything is possible near-term , including another spike higher in the gold : silver ratio , any reading in the 100s would represent an historically rare @ @ @ @ @ @ @ cheap .
Even in the 90s , silver is still an extraordinary bargain , relatively speaking , given that the ratio traded in the 30s as recently as 2011 .
Also looking cheap on a historic basis is platinum .
Since 2008 , platinum has gone from commanding more than double the gold price to less than half .
Like silver , platinum has gained some ground in recent weeks .
Meanwhile , the COVID-19 pandemic and the global economic lockdowns that followed have brought out the best in some… and the worst @ @ @ @ @ @ @ cruelly used the crisis as an opportunity to prey on the hopes and fears of vulnerable people .
Whether it ’ s peddling fraudulent coronavirus charities or fake cures for the disease , sham investment opportunities or counterfeit medical masks , crooks are finding creative ways of cashing in .
We ’ ve even seen increases in some types of fraud in the precious metals markets .
For example , counterfeit coins are showing up in more places .
The Anti-Counterfeiting Educational Foundation warned this week that fraudulent advertisements for gold and silver @ @ @ @ @ @ @ of the scam offers are for supposed numismatic coins that are placed in plastic capsules with phony certifications that appear to come from genuine coin grading services .
Slabbing a coin with a doctored grade can potentially add hundreds or even thousands of dollars in artificial value .
The good news is that these sorts of fraud schemes can ’ t be pulled off on bullion investors who stick to common coins , rounds , and bars that are priced mainly on their metal content and not on their supposed rarity or collectible @ @ @ @ @ @ @ genuine numismatic coins can be ridiculously overpriced and overhyped by dealers .
Some have faced prosecution for consumer fraud in recent years , and other sketchy operators in this space have ramped up their advertising during the pandemic to try to lure people who want the protection of bullion into the weeds of high-priced and illiquid collectible products .
Sticking to low-premium bullion items is the first and most important way to avoid being scammed in the precious metals market .
Always keep your eye on the actual melt value of the precious @ @ @ @ @ @ @ buying .
But even if you stay in in the realm of honest money , there are scams to be aware of .
According to the Anti-Counterfeiting Educational Foundation , as well as our own research , there are many fake one-ounce silver American Eagles being peddled in online marketplaces .
The fakes are composed of cheaper base metals , often without any disclosure .
It may seem hard to believe that fraudsters would go to the trouble of creating realistic-looking phony silver coins given that they will sell for only a small @ @ @ @ @ @ @ coins can garner .
But perhaps they are exploiting the fact that bullion buyers tend to be less careful and less suspicious when shopping for silver .
You should never have to wonder whether what you ’ re buying is the real deal .
That means never buying from disreputable or unknown sources .
Naturally , illicit operators will try to tempt you away from what good sense dictates by offering what appears to be an unbeatable deal .
The reality is that anyone who wants to sell you gold or silver at @ @ @ @ @ @ @ true is trying to hoodwink you .
Either the product isn ’ t genuine .
Or it won ’ t come at all .
Or it ’ s a bait and switch scheme designed to get you in the door , so-to-speak , so that a salesman can harangue into buying something much pricier .
When it comes to buying physical precious metals , only reputable dealers that specialize in what you actually are interested in owning deserve your business .
We are certainly proud of the reputation we have built over the @ @ @ @ @ @ @ continue to work hard to keep it .
And you never have to wonder about the authenticity of the products we sell as our rigorous and highly sophisticated testing equipment verifies every piece of metal that passes through our building .
Our reputation is on the line every time we ship out and item — and we guarantee everything as being exactly what we are representing it to be .
In the meantime , we will also continue to keep an eye on shenanigans within our industry and the broader global market for @ @ @ @ @ @ @ some of the things we are seeing .
Meanwhile , the Commodity Futures Trading Commission and Justice Department are engaging in investigations into price manipulation and other fraud schemes carried out by traders working for big banks .
A handful of institutional futures traders can push paper prices for gold or silver up or down for no real fundamental reason on any given day .
But at the end of the day , long-term investors should ignore the noise and stay focused on the supply and demand fundamentals for gold and silver .
@ @ @ @ @ @ @ metal , the physical fundamentals will ultimately win out .
Mike Gleason is a Director with Money Metals Exchange , a national precious metals dealer with over 50,000 customers .
Gleason is a hard money advocate and a strong proponent of personal liberty , limited government and the Austrian School of Economics .
A graduate of the University of Florida , Gleason has extensive experience in management , sales and logistics as well as precious metals investing .
He also puts his longtime broadcasting background to good use , hosting a weekly precious @ @ @ @ @ @ @ listened to by tens of thousands each week .
Subscribe to Activist Post for truth , peace , and freedom news .
Become an Activist Post Patron for as little as $ 1 per month at Patreon .
Follow us on SoMee , HIVE , Flote , Minds , and Twitter .
Provide , Protect and Profit from what ’ s coming !
Get a free issue of Counter Markets today .

By Mike Gleason
Precious metals markets are trading mixed this week. Despite a significant drop in the U.S. Dollar Index which might have served as a catalyst for a big breakout week for gold and silver – futures traders had other ideas and kept metals prices relatively capped through Thursday.
Today, however, we’re seeing a nice month-end rally developing in gold and silver prices.
Silver’s outperformance brings the gold:silver ratio back below 100 after reaching historically high levels from the panicked market conditions of March. Although the ratio itself doesn’t trade on any exchange, some metals traders do try to profit off trends in the ratio by going long one metal and short the other. Long-term bullion investors also use the ratio as a measure of relative value when deciding whether to favor gold or silver in new purchases.
Right now, in terms of both relative value and near-term momentum, silver has the edge over gold. Although anything is possible near-term, including another spike higher in the gold:silver ratio, any reading in the 100s would represent an historically rare opportunity to nab some silver on the cheap. Even in the 90s, silver is still an extraordinary bargain, relatively speaking, given that the ratio traded in the 30s as recently as 2011.
Also looking cheap on a historic basis is platinum. Since 2008, platinum has gone from commanding more than double the gold price to less than half. Like silver, platinum has gained some ground in recent weeks.
Meanwhile, the COVID-19 pandemic and the global economic lockdowns that followed have brought out the best in some… and the worst in others.
Some scam artists have cruelly used the crisis as an opportunity to prey on the hopes and fears of vulnerable people. Whether it’s peddling fraudulent coronavirus charities or fake cures for the disease, sham investment opportunities or counterfeit medical masks, crooks are finding creative ways of cashing in.
We’ve even seen increases in some types of fraud in the precious metals markets. For example, counterfeit coins are showing up in more places.
The Anti-Counterfeiting Educational Foundation warned this week that fraudulent advertisements for gold and silver coins are appearing on Facebook.
Some of the scam offers are for supposed numismatic coins that are placed in plastic capsules with phony certifications that appear to come from genuine coin grading services. Slabbing a coin with a doctored grade can potentially add hundreds or even thousands of dollars in artificial value.
The good news is that these sorts of fraud schemes can’t be pulled off on bullion investors who stick to common coins, rounds, and bars that are priced mainly on their metal content and not on their supposed rarity or collectible value or their fancy certifications.
Even genuine numismatic coins can be ridiculously overpriced and overhyped by dealers. Some have faced prosecution for consumer fraud in recent years, and other sketchy operators in this space have ramped up their advertising during the pandemic to try to lure people who want the protection of bullion into the weeds of high-priced and illiquid collectible products.
Sticking to low-premium bullion items is the first and most important way to avoid being scammed in the precious metals market. Always keep your eye on the actual melt value of the precious metal contained in the item you are buying. But even if you stay in in the realm of honest money, there are scams to be aware of.
According to the Anti-Counterfeiting Educational Foundation, as well as our own research, there are many fake one-ounce silver American Eagles being peddled in online marketplaces. The fakes are composed of cheaper base metals, often without any disclosure.
It may seem hard to believe that fraudsters would go to the trouble of creating realistic-looking phony silver coins given that they will sell for only a small fraction of what counterfeit gold or numismatic coins can garner. But perhaps they are exploiting the fact that bullion buyers tend to be less careful and less suspicious when shopping for silver.
You should never have to wonder whether what you’re buying is the real deal. That means never buying from disreputable or unknown sources. Naturally, illicit operators will try to tempt you away from what good sense dictates by offering what appears to be an unbeatable deal.
The reality is that anyone who wants to sell you gold or silver at prices that are too good to be true is trying to hoodwink you. Either the product isn’t genuine. Or it won’t come at all. Or it’s a bait and switch scheme designed to get you in the door, so-to-speak, so that a salesman can harangue into buying something much pricier.
When it comes to buying physical precious metals, only reputable dealers that specialize in what you actually are interested in owning deserve your business.
We are certainly proud of the reputation we have built over the years at Money Metals Exchange and will continue to work hard to keep it. And you never have to wonder about the authenticity of the products we sell as our rigorous and highly sophisticated testing equipment verifies every piece of metal that passes through our building.
Our reputation is on the line every time we ship out and item — and we guarantee everything as being exactly what we are representing it to be.
In the meantime, we will also continue to keep an eye on shenanigans within our industry and the broader global market for precious metals – and report to you some of the things we are seeing.
Meanwhile, the Commodity Futures Trading Commission and Justice Department are engaging in investigations into price manipulation and other fraud schemes carried out by traders working for big banks. A handful of institutional futures traders can push paper prices for gold or silver up or down for no real fundamental reason on any given day.
But at the end of the day, long-term investors should ignore the noise and stay focused on the supply and demand fundamentals for gold and silver. As long as you stick to physical metal, the physical fundamentals will ultimately win out.
Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.
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activistpost--2020-05-29--US Gov’t Now Flying MQ-9 Reaper Drone Over Minneapolis As Riots Worsen (Updated)

The US Customs and Border Protection ( CBP ) is currently flying a General Atomics MQ-9 Reaper military surveillance drone @ @ @ @ @ protesters .
Here is the live air map via Radar Box showing the CBP-104 flying @ @ @ @ @ it gathers intelligence on the social unrest .
CBP-104 could have come from Grand Forks @ @ @ @ @ in Grand Forks County , North Dakota ( there is no confirmation on origins ) @ @ @ @ @ the social unrest is that bad when the federal government has to fly a military @ @ @ @ @ to keep tabs on protesters .
Subscribe to Activist Post for truth , peace , @ @ @ @ @ an Activist Post Patron for as little as $ 1 per month at Patreon .
@ @ @ @ @ HIVE , Flote , Minds , and Twitter .
Provide , Protect and Profit from @ @ @ @ @ Get a free issue of Counter Markets today .

By Tyler Durden
Update (13:15ET): Updated flight map shows CBP-104 has left Minneapolis.
CBP-104 flight map as of 13:15 ET
* * *
The US Customs and Border Protection (CBP) is currently flying a General Atomics MQ-9 Reaper military surveillance drone above Minneapolis to spy on protesters.
Here is the live air map via Radar Box showing the CBP-104 flying at 20,000 feet altitude while it gathers intelligence on the social unrest.
CBP-104 could have come from Grand Forks Air Force Base, located in Grand Forks County, North Dakota (there is no confirmation on origins).
Yeah, you know the social unrest is that bad when the federal government has to fly a military drone above a metro area to keep tabs on protesters.
Source: ZeroHedge
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