The Phaserl



by Steve St. Angelo, SRSRocco Report:

When the Central Banks finally lose control of propping up the markets, will the BIG MONEY be made in owning gold, silver or crypto-currencies? This is the question many investors who are focused on “alternative assets”, outside the typical mainstream stock, bond and real estate markets, are asking.

Most investors who have been concerned about the massively inflated Bubble Markets and the Greatest Financial Ponzi Scheme in history, have been investing in gold and silver. However, a new kid on the block, called Bitcoin and the other crypto-currencies, have gained a lot of attention due to the huge increase in their prices over the past few months.

So, now many investors are wondering what to make of these extremely volatile crypto-currencies and if they are nothing more than purely speculative and gambling vehicles. This is a logical assumption based on the massive spike in many of their crypto-currency values.

That being said, Charles Hugh Smith wrote the following in his article, Projecting The Price Of Bitcoin:

The wild card in cryptocurrencies is the role of Big Institutional Money.

I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward:

You see the primary dynamic is continued skepticism from the mainstream, which owns essentially no cryptocurrency and conventionally views bitcoin and its peers as fads, scams and bubbles that will soon pop as price crashes back to near-zero.

Skepticism is always a wise default position to start one’s inquiry, but if no knowledge is being acquired, skepticism quickly morphs into stubborn ignorance.

Bitcoin et al. are not the equivalent of Beanie Babies. Cryptocurrencies have utility value. They facilitate international payments for goods and services.

This was very interesting analysis done by Charles Hugh Smith who is one of the more bright minds in the alternative media community. I have watched Bitcoin out of the corner of my eye over the past few years, but have not placed much attention on the leading crypto-currency. However, as the price of Bitcoin and crypto-currencies have surged over the past several months, I decided to take a closer look… to see what all the hubbub was about.

What I found out was quite interesting. Bitcoin’s price rise is not just based on mere speculative flows (as many assume), but rather it’s also rising due to the skyrocketing energy and capital costs to produce each coin. Yes, there is a lot more to this, but there is some METHOD TO THE MADNESS.

Charles Hugh Smith understands this and realizes that cyrpto-currencies will likely to continue to gain in price, interest and market cap going forward due to the way they were designed. Now, I am not saying I totally agree with Charles, but there is more behind crypto-currencies than just mere speculative flows into digital assets.

So, the question is…. where will the BIG MONEY be made when the Fed and Central Banks lose control of propping up the Markets? That’s a good question. Yes, the Central Banks will lose control because they are facing one force that they are unable to manipulate…. ENERGY.

While the Central banks can manipulate the oil price, than cannot manipulate the Falling EROI – Energy Returned On Investment that continues to decline. So, the more the EROI of oil falls, the more printing and propping up the markets the Central banks are forced to do. It is really that simple.

Thus, the END OF MARKET MANIPULATION has an expiration date…. and its not decades away. I wouldn’t be surprised that it takes place within the next 5-10 years… or even less.

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2 comments to GOLD, SILVER or BITCOIN-CRYPTO CURRENCIES: Where Will The Big Money Be Made?

  • Silver , Gold , or Crypto Fiat Currency ?

    The decision is easy if you understand a major flaw in the Crypto Fiat Currency …….

    Actually there are several questions concerning the leadership of Crypto Fiat Currencies !

  • videoctr

    The author’s focus is to discuss cryptocurrency as a currency, with nothing mentioned regarding the use cases of Ethereum. Not a word mentioned about it. Ethereum cannot be lumped into the same category as Bitcoin, they are different.

    The author fails to mention the fundamental changes and benefits that will be derived with the transformation of the web due to the blossoming of blockchain, and the decentralization of a distributed network. This is 1992 again. I see opportunity, some will see problems instead. Human perception is selective. It’s what makes a market.

    In summary, the key take-aways are, think blockchain, decentralization, distributed network, peer-to-peer, trustless, apolitical systems, as the catalysts to the birth of new business models that will be part of web 3.0 transforming everything. Finally, there will be no going back to the way it use to be. We are seeing techno-evolution at a speed never seen before. Growth can be painful and have miss-steps along the way. If you want a guarantee, I can write one for you on an ice-cube.

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