gold news

 hi this is Mike Maloney and I'm on the road so I'm coming to you from a hotel room that I'll probably be at for the next few days um I wanted to this this uh video I wanted it to be about crypto and that you know people whenever I talk about crypto the gold crowd sort of feels betrayed uh and the crypto people uh sort of call me a dinosaur because I I'm I'm invested in Gold but I've been investing in crypto since 2014. hi this is an action alert for July 11 2014. I promised all of the Insiders that I'd

keep them updated on what I'm doing financially and uh recently I've done something quite unusual up until now my portfolio is entirely precious metals gold and silver physical uh but uh I've been investigating Bitcoin quite a bit I was in Washington DC recently at a Bitcoin conference and I learned a lot about it I became convinced that this has a tremendous upside potential the downside potential it would be short term and there is a downside risk that it could entirely fail so I'm not going

to put a lot of my portfolio into it but someday I will probably be up to around 10 percent of my portfolio going into Bitcoin believe it or not there was a guy named Trace Mayer that came to my house back in 2010 and tried to get me into Bitcoin when it was under a dime and then he came back a year later when it was about 25 cents and he came back in one of his two private planes that he bought with crypto profits in I think 2012. uh and tried to get me into it and I just didn't understand it but

then in 2014 you know watch episode 8 of hidden secrets of money in 2014 I went to um uh Washington DC to a conference called Bitcoin on the Beltway and it shows me buying my first Bitcoin it shows me buying a hundred dollars worth what it doesn't show is I went back later to this uh kiosk and I fed in another 900 so I bought a thousand bucks worth of bitcoin in 2014 and I kept on buying every single week all the way down to uh 250 bucks so I've been uh buying Bitcoin and uh other crypto

assets for quite a while but I also take some profits and convert them into precious metals periodically and I'm going to show you why so Dan can you bring up my screen uh This was um put up by the crypto Twitter community and uh it's this cyclical history of uh government interference in the gold market and they've gone back to uh 14 through 37 A.D so to find this and then some of these things are very very minor now you know in the United States uh Roosevelt banned gold and it was illegal

for Americans to own gold uh bars and coins for 50 years however about two about 75 percent I can't remember the it was 70 something percent of all the gold coins in circulation in the U.S were not turned in they remained in private hands illegally this is not proof that like gold can be confiscated and and they can't take action against Bitcoin or other cryptos uh right now they are making it difficult this just happened to me I've I've had I think 3 three or four different crypto exchanges that

I've been on in the past and periodically they decide that they don't want to deal with the regulatory burden of the U.S market so due to continued regulate regulatory under uncertainty we've made the difficult decision to close our U.S operations effect of April 30 2023 so coming up very all U.S customer funds are safe and can be fully withdrawn immediately this announcement does not impact non-us customers now um I do believe that there is a Witch Hunt in crypto going on right now and

the U.S government and the Federal Reserve are taking steps uh and I'd like you to start by either you go to Chris martinson's Peak Prosperity Channel and either put FTX in the search bar here or scroll down to four months ago and you'll see this video the FTX Scandal explained deeply troubling FTX facts and coincidences and it really looks like uh Sam bankman freed and the FTX exchange was set up with the purpose of taking down crypto to me when I put it together with all of these other things now uh

this is Signature Bank and the buyer of Signature Bank has stopped all crypto business so they would only take on the bank if they stopped doing business with anybody who had an account that was using that account to send currency to a crypto exchange and getting cash from a crypto exchange so F FDIC demands Signature Bank buyers stop all crypto business uh and so it is a Witch Hunt on that this is uh Barney Frank saw this coming and if you scroll down here Mr Frank alleged last week that Regulators seized

signature whose board he served on so he was on the board of directors of Signature Bank to send a message to people to get away from crypto uh so this really does now coinbase has been you know this is one where I still have an account there that uh uh exchange after exchange after exchange you know I I we keep on they keep on getting shut down gotta go find a new one to be able to trade on so luckily I have uh taken some of my profits from crypto turned them into precious metals uh will precious metals ever be banned

or uh you know private ownership outlawed again that it's a possibility uh but it's going to come way after crypto uh it's what they're targeting is anything that can threaten the US dollar and the US dollar is under threat from all sides right now uh the SEC has put coinbase on notice for allegedly breaking now coinbase has been working with the SE SEC trying to get them to tell them how do we conform to all you know we want to be in compliance with everything we want to be legal

SEC doesn't say anything and then comes up with this uh investigation pursuing enforcement actions over secure alleged security violations um then this is minor but uh suing Lindsay Lohan and other celebrities over crypto promotions so the SEC is currently doing this Witch Hunt on cryptos right now so for anybody that does have you know I like to be in the middle here I'm I'm a hard assets kind of guy I do like things that have mass volume uh you know weight when your mass is uh is different than weight weight is

when you're on Earth and you're under 1G uh something has weight but that same thing will still have mass in outer space but no weight uh so anyway uh I like things that are three-dimensional and have mass uh that I can hold on to you know for somebody that is purely crypto I want to know if you're purely crypto and you live in China how's it going because I mean that's where all the miners used to be there's no miners there anymore and if there is any mining activity it's going on illegally with

the threat of going to jail and I don't know how long before uh so fed proposes a fourth function of currency this is not money this is a national fiat currency as a means of social control and lastly hooray for Texas and Florida uh not wanting to uh be any part of Central Bank digital currencies so what they want to do is they want to try and scare everybody out of cryptos uh cryptos are doing well again uh Bitcoin is up above 30 000 uh while I'm making this video and I think that that's great

and I love cryptos it's just that I trust uh physical precious metals even more and it it will be you know central banks don't own any cryptos That central banks do own gold and that is a separate topic for an upcoming video but please watch that Chris Martinson video and then start putting all of these other things together there was something called This is called choke point two point uh choke point 2.0 uh operation choke point was something that they were doing uh to the some precious metals dealers and so I was

very concerned about it and this was years ago probably 2013 or something like that 2014 and it was basically uh getting Banks to just close your account you could withdraw your funds what you did with and then no other bank would accept you and so you can't do business so they were closing the on and off ramps basically for currency and uh what they're doing with the you know all of these exchanges closing their operations in the United States it's the same thing the on and off ramps The Witch Hunt

against coinbase that's closing an on and off ramp so that you can get cash out otherwise if you want to buy something you've got to find somebody that wants to be paid in whatever cryptocurrency that you own and then it's still something that has to be reported so um uh I just think it's a good idea to have a balance of both I that's one of the things that you know if if I was going to wreck I don't recommend things I tell people what I do but if I was going to recommend

something I would recommend that people not be solely on one side that if you're going to be on one side I do believe the last thing that's that would be National as a nationalized or outlawed would be uh gold gold and silver because uh you know central banks hold gold and silver and it's not like it's going to become a sudden threat to the US dollar I want to thank you for watching this video we'll see you next time thanks for watching but this is by no means the whole story

if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks