HOME

Crypto Regulations: The WEF Want In Recommending A Global Approach For The Crypto Industry

Leave a comment

Crypto Regulations: The WEF “Want In” Recommending A Global Approach For The Crypto Industry 

The World Economic Forum (WEF) is notorious for having a far-reaching and perplexing influence over companies and institutions in many countries worldwide. This influence extends to the crypto industry and crypto regulations. The WEF published a crypto regulation white paper in May 2023, which is significant, so we’ll take a look at what they have to say and how it could influence the crypto legislation being proposed worldwide. We’ll also examine how it could affect the crypto market if implemented.


Image source: Weforum.com

The WEF white paper summarized in this article is titled “Pathways to the Regulation of Crypto-Assets: A Global Approach.” The white paper begins with a brief preface by a member of WEF’s Center for the Fourth Industrial Revolution. For context, WEF founder and chairman Klaus Schwab conjured up the Fourth Industrial Revolution. This concept involves replacing all of us so-called serfs with AI and Automation. Another component of the Fourth Industrial Revolution is controlling the population with technology. 

In the preface, the question is asked of how governments can control a borderless, open-source, and decentralized technology. Naturally, the only solution is a globally coordinated approach to regulation. The author of the preface reveals that the WEF has been engaging in “multi-stakeholder consultations” to understand how to roll out global crypto regulations. 

For reference, a stakeholder is a term the WEF uses to describe powerful individuals and institutions, not ordinary people like us. In this case, the author of the preface specifies that the white paper was put together with “significant contributions from members of the Digital Currency Governance Consortium.” (DCGC)

For those unfamiliar, the DCGC was formed in January 2020, including multiple crypto companies. The complete list of DCGC members is private. Still, research on the WEF reveals that Ripple, also the Ethereum company, Consensus, and USDC issuer Circle are all part of the DCGC, as are dozens of prolific personalities in the crypto industry. 

The DCGC has published five reports so far, and the WEF website notes that it is currently in phase two of its master plan, which involves assessing the economic effects of crypto, stablecoins, and central bank digital currencies. (CBDCs) 

The Key Takeaways

The next section of the white paper provides a summary of the key takeaways. Here, the authors argue that global crypto regulations are not only desirable but “necessary.” They seem to suggest this is because of the increasing connections between crypto and traditional finance. The authors explain that many things are standing in the way of global crypto regulations, including: 

  • A lack of universally accepted definitions for different types of cryptos, 
  • A lack of coordination between Regulatory Agencies 
  • Regulatory Arbitrage, meaning some countries are too pro-crypto. 

The authors highlight that many unaccountable and unelected international organizations have been working on global crypto regulations. This includes the Financial Stability Board (FSB) and the Financial Action Task Force. (FATF) The authors admit that the WEF has been in contact with these organizations but insist that academia, civil society, and crypto users will also have a say in global crypto regulations. Of course, the authors don't put a timeline on when we will have a say in this matter; but we have yet to have a say in anything. 

Why Are Global Crypto Regulations Required?

The first part of the report is about why global crypto regulations are required. The authors start by explaining what crypto assets are and include stablecoins under the definition of a crypto asset. Note that these reports seldom refer to cryptos as currencies; they believe cryptos are not currencies. That said, the authors do acknowledge that cryptos have some financial use cases. They say that this is why regulatory scrutiny around crypto has increased. 

As you might have guessed, they refer to the crash of Terra last May and the crash of FTX last November as examples of why regulatory scrutiny is justified. The authors then explain that different jurisdictions have since introduced different crypto regulations. They claim that this increases the risk to the global financial system and benefits bad actors in the crypto industry. 

They also highlight the inconsistency in crypto definitions. The authors then suggest that smart contracts could be one way of ensuring regulatory compliance. This is not surprising considering that the WEF is a massive fan of programmability in payments. Again, the WEF and its affiliates ultimately want to control what people do, and programmable payments are one way to do just that.
 
When it comes to regulating cryptocurrencies, the authors say the first step is identifying where the crypto activity is taking place, if possible. The second step is to determine who is engaging in the crypto activity, and the authors say that privacy coins, personal wallets, and DeFi protocols make this problematic. This is a worry because it implies that personal wallets will be a target of global crypto regulations. 

Although, in fairness, the authors of this white paper don't seem to be that opposed to personal wallets. That's because they know that if you buy your crypto through an exchange with KYC, it's easy to identify which wallet belongs to who with the help of blockchain analytics companies like Chainalysis.  According to the authors, the third step to regulating crypto is determining who is responsible for any crypto activity. They admit this is sometimes difficult, mainly when dealing with decentralized protocols. They note that this will become easier if DAOs become regulated entities.

Crypto And Traditional Finance Connections

In the next section, the authors dig deeper into the connections between crypto and traditional finance. They start by saying that the crypto market’s correlation to BTC's price is a sign of maturity. Now this is arguably incorrect; a decoupling between different crypto categories would be a sign of maturity. What the authors do get right, however, is that institutional interest in crypto has been on the rise. 


Image source: Finoa

They cited a series of statistics from pro-crypto sources, which should be taken with a grain of salt. Genuine institutional interest and investment will come once crypto regulations are introduced everywhere. The authors also note that retail interest in crypto is on the rise and imply that this could cause problems for financial stability. This could explain why some countries, such as Canada, closely aligned with the WEF, have started introducing restrictions on retail investors in crypto. 

Besides contagion risks, the authors correctly underscore concentration risks as another concern. The crypto market relies on a handful of stablecoins, a handful of exchanges, and even a handful of cryptos. Oddly enough, the authors claim that Layer 2s on Ethereum lower this concentration risk. This is odd because many Layer 2s still rely on Ethereum for their security, which logically increases concentration risk, never mind that many of these Layer 2s are highly centralized and backed by the same investors. 

Challenges To Global Regulation 

The second part of the white paper is about the challenges to global crypto regulation. The authors start by reiterating that the absence of universally accepted crypto definitions is the biggest problem. They propose a potential taxonomy but admit that there are exceptions to every crypto definition. They then explain that this is a problem because it makes consensus about specific crypto regulations impossible. It increases the cost of crypto compliance worldwide, making it difficult to protect consumers. 


Image source: Weforum.com

According to the authors, regulatory arbitrage is the second challenge to global crypto regulation. They take issue with the fact that crypto developers can relocate wherever they want. It’s becoming all too clear that the WEF would like nothing more than to control the movement of people. 

On a related note, did you know that the WEF is also trying to turn almost every major city into a Smart City? More about that in an upcoming article. Meanwhile, Smart technology is already causing issues for consumers. 

The authors admit it might still be too soon to push for global crypto regulations. Most governments are still trying to wrap their heads around the technology. Some jurisdictions are further along than others, such as the EU, which recently passed its MiCA crypto regulations. 

The authors then reveal that these early crypto regulations, including MiCA, will come into force starting early next year. This is significant because this could make institutional investors comfortable allocating to crypto again. It means the crypto market could rally starting early next year. And this, coincidentally, corresponds with the next Bitcoin halving. 

The authors also take issue with so-called crypto hubs. They seem to imply that the crypto hub is code for ‘less crypto regulation’ and appear to blame them for causing regulatory arbitrage. If the WEF starts pulling the strings, this could be awkward for places like the UAE, Dubai, Hong Kong, and Singapore. 

Geopolitics

This ties into another vital angle the authors raised regarding crypto regulations – Geopolitics. International relations are deteriorating, making it difficult for certain countries to comply with global crypto regulation recommendations. It's safe to say that this trend will continue. 

The above relates to the third challenge to global crypto regulation: "Fragmented monitoring supervision and enforcement.” The authors reiterate that a lack of international cooperation is one of the core causes of this fragmentation, coupled with the rapid evolution of crypto-related technologies. 

The authors then provide the FATF's infamous travel rule as a case study. The travel rule requires all transactions above a certain threshold to be tracked and KYC’d. The authors complain about the fact that compliance with the FATF's travel rule has been slow when it comes to crypto. 

While we’re on that topic, you should know that the FATF has reportedly been pressuring countries to restrict or even permanently ban crypto to get off its grey list. Any country on this so-called naughty list is refused bailouts from the IMF, so a clean report from the FATF may be a political priority. If there is any truth to this, crypto hubs could face financial sanctions if they don't comply with the FATF’s crypto recommendations; perish the thought. 

Approaches To Regulating Crypto Globally

The third part of the white paper is about the possible approaches to regulating crypto on a global scale. The authors provide a de facto list of regulations the WEF wants to see. 

  • Crypto-specific 
  • Stablecoin-specific
  • Know Your Customer (KYC) /Anti Money Laundering (AML) 
  • Consumer protection, including restricting retail access to crypto 
  • Strict regulations around crypto marketing 
  • Regulation of DeFi and DAOs 

The authors then detail the five primary approaches to crypto regulation. 

1: The first is Principles-based regulation. This involves regulating around a series of broad principles rather than specific rules. The benefits of this approach are innovation and flexibility. The drawback is regulatory uncertainty. 

2: The second approach is Risk-based crypto regulation and involves applying the same risk/same regulation principle, meaning that crypto should abide by existing financial regulations. The benefit of this approach is regulatory certainty, and the drawback is difficulty in assessing risks. 

Notably, the WEF is a massive fan of this same risk/same regulation approach. It's why you see it in many existing regulatory recommendations for crypto. If that wasn't concerning enough, in this section, the WEF advocates for eliminating cash and going digital to ensure that KYC/AML is followed. 

3: The authors call Agile regulation the third approach to crypto regulation. This effectively allows regulations to evolve in response to new innovations. The benefit of this approach is that it is flexible. The drawback is that it requires much coordination and collaboration with the crypto industry. 

4: The fourth approach to crypto regulation is Self- and co-regulation. It involves allowing the crypto industry to set standards. The benefit of this approach is that it builds trust. The downside is that it can lead to capture; For instance, one company determines all the standards. 

5: The fifth approach to crypto regulation is one we’re all familiar with: Regulation by enforcement. It involves taking crypto companies and projects to court and using the precedent as de facto regulations. The benefit is accountability, and the drawback is zero innovation.

Interestingly, the authors asked their so-called stakeholders which regulatory approaches are best. The results can be seen in the image below. As one would expect, Risk-based regulation is the most popular, especially considering that the WEF is a fan of this particular approach. 


Image source: Weforum.com

The authors confirm that the other unaccountable and unelected organizations, such as the FSB and FATF, have been adhering to the WEF’s Risk-based approach to crypto regulation. It's preposterous to consider just how much influence the WEF has, and this is just the public stuff. 

WEF’s Recommendations for Global crypto regulations.

The fourth part of the report contains the WEF’s recommendations for Global crypto regulations. The authors explain that these recommendations are meant for international organizations, governments, and “industry stakeholders” who are presumably part of the WEF. 

In other words, these recommendations are what most crypto regulations will look like, regardless of what we, the people, say or do. The authors again claim that the average person will get the chance to give their input someday, but we’ll just have to wait and see if that happens. 

The first set of recommendations is specifically for international organizations. These are to;

  • Create definitions for different types of cryptos and crypto activities 
  • Set standards for how these cryptos and activities should be regulated
  • Share data about registered entities with all organizations. 

It brings into question whether ‘registered entities’ include the average crypto user. As it’s the WEF, the answer is probably, yes. After all, the endgame of these international elites is to create a global government with a global digital ID and a global centrally controlled digital currency. 

The second set of recommendations is specifically for governments. These are to; 

  • Coordinate regulations between jurisdictions.
  • Create regulatory certainty for the crypto industry.
  • *Use technology for regulation by design. 

*The latter means regulation at the blockchain level via Smart contracts. Remember, the WEF loves programmability. 

The third set of recommendations is specifically for the crypto industry. They are; 

  • To set standards 
  • To share best practices
  • Ensure “Responsible Innovation.” 

This seems to be code for adhering to ESG criteria, given that the term refers to environmental, social, and economic risks. 

If you've been following articles about ESG, you'll know it's an investment ideology to ensure the UN's sustainable development goals or SDGs are met. Every country is supposed to meet the UN's SDGs by 2030. My research suggests that all the dystopian stuff being pushed has its roots in the United Nation's SDGs, be it CBDCs, digital IDs, smart cities, or online censorship. 


Image credit: Markethive.com

What Affect Will It Have On The Crypto Market? 

So the big question is, how could the WEF’s global crypto regulation recommendations affect the crypto market if implemented? The short answer is that it would result in the crypto industry being absorbed into the existing financial system, which is precisely what the WEF wants. 

The practical effect of Risk-based regulation is that crypto is forced to comply with existing financial regulations. As the authors tacitly admit, these risks posed by crypto aren't always clear. Many argue that the risks are significantly different and justify different regulations. The WEF’s recommendations would make crypto worse than the existing financial system. That's because they would require information about all registered entities to be; 

  1. Shared with international organizations 
  2. Require regulations to be enforced via Smart contracts
  3. Require all cryptos to be ESG compliant 

These three unsuitable recommendations have one thing in common: Governance, more succinctly, control. This article about ESG and Bitcoin explains that the environmental aspect isn't the problem; it's the governance. Bitcoin can't be controlled because it has no traditional governance structure. In case you missed it, this is the core issue the WEF and its allies are trying to address. How do we control something that is designed not to be controlled? 

It's possible, if not likely, that the endgame of the environmental-focused attacks on Bitcoin is to track all Bitcoin miners and nodes. It’s something that the WEF’s global crypto regulations would prescribe because Bitcoin miners and nodes would presumably need to be registered. 

Their information would therefore have to be shared with all international organizations. At that point, it would become possible to control Bitcoin in theory. In practice, the WEF’s global crypto regulations will never come to pass, which the authors have also tacitly admitted. 

In addition to the geopolitical tensions, it's practically impossible to introduce the same crypto regulations in every single country simultaneously. This means that there's going to be some regulatory arbitrage, whether it's intentional or not. This regulatory arbitrage will exist for years, and in some countries, it will persist for decades. 

So long as there's a country out there that the WEF can't influence, it won't be able to entirely corrupt crypto. Also, because crypto innovation is essentially exponential, there's a high likelihood that it will evolve to the point that the WEF and its allies can’t control it. This is the most important takeaway – Crypto is too fast for the WEF. 

Klaus & Co will never be able to keep up, and crypto will eventually win the race. Right now, though, there are many hurdles facing the crypto industry, and the WEF’s white paper suggests that it played a role in putting those hurdles in place. The WEF's fingerprints are there, whether it's the FSB or the FATF. It’s also common knowledge that there are WEF allies in the crypto industry. 

Even so, many in the crypto industry who are on the right side of history, and we at Markethive, genuinely believe that the incentives of crypto are more robust than the WEF’s cronyism. Imagine helping to create a powerful crypto or protocol that allows the average person to preserve their purchasing power, grow their wealth, and maintain their financial freedom. In that case, you are rewarded in every possible way.  

As purchasing power, wealth, and financial freedom continue to erode, the incentive to create robust protocols with crypto will only increase. Eventually, the incentives will become so strong that the WEF’s hurdles will become irrelevant. The people will want freedom, and they will achieve it through crypto. 

This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

References: World Economic Forum, Coinbureau

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Also published @ BeforeIt’sNews.com; Steemit.com; Substack.com

 

Tim Moseley

HOME

Gold’s new price base keeps record highs within reach says VanEck

Leave a comment

Gold's new price base keeps record highs within reach, says VanEck

Gold has formed a new base at the $1,900 an ounce level, and if that continues to hold, record highs  will be within reach, according to VanEck's latest analysis.

Gold has just spent the most time above $1,900 an ounce than ever before, forming a new base and averaging $1,933 per ounce year to date, said VanEck's deputy portfolio manager Imaru Casanova.

"Gold is showing resilience despite a strong stock market and recent U.S. dollar strength," Casanova wrote in a report Thursday. "Gold bullion exchanged traded products outflows have subsided this year, with net inflows, albeit small, resulting in a 0.38% increase in holdings year to date.

The all-time highs are within reach for gold as the Federal Reserve halts its most aggressive tightening cycle in decades.

"The $2,075 per ounce all-time high seems well within reach, in our view," Casanova said. "We see a macro backdrop that continues to be supportive of gold in the longer term."

As the Fed kept rates unchanged in a range of 5% to 5.25% following ten consecutive increases, central bank Chair Jerome Powell confirmed Wednesday that the median dot plot saw at least two more 25-bps rate hikes this year. But the market remained unconvinced, pricing in only one rate hike in July, according to the CME FedWatch Tool

May was a promising month for gold as the metal attempted to test record highs, but market optimism ended up weighing on sentiment. Since then, gold has been resilient, holding above $1,950 an ounce. At the time of writing, August Comex gold futures were trading at $1,970.10, flat on the day.

"Expectations that this past rate hike may be the last one in this tightening cycle supported gold in early May," Casanova wrote. "However, through most of the month, the U.S. dollar gained and gold fell as the narrative shifted to a more hawkish view and the probability of further rate hikes in 2023 increased."

In the meantime, miners significantly underperformed gold last month, with the NYSE Arca Gold Miners Index (GDMNTR) and the MVIS Global Juniors Gold Miners Index (MVGDXJTR) down 8.6% and 7.3%, respectively.

"The magnitude of the underperformance is a bit surprising to us … May was a relatively good month for gold equities on the news front, with companies reporting first-quarter results that were, generally, better than expected," the report said. "We view this reaction as overdone and further contributing to the current valuation gap between gold and gold equities."

The sector's overall health looks solid, with gold producers remaining committed to disciplined capital allocation, growth, shareholder returns, profitability, and healthy balance sheets, the report said.

"They are also responsible operators, running sustainable businesses aiming to deliver benefits to all stakeholders while carefully managing the impact on the environment," Casanova wrote. "A re-rating of the gold mining equities from historically low valuations at present is well supported by the industry's strong fundamentals."

By

Anna Golubova

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

HOME

A big move in gold price is coming after weeks of neutral stance – analysts

Leave a comment

A big move in gold price is coming after weeks of neutral stance – analysts

The gold market has been steady so far in June, trading between $1,940 and just under $2,000 an ounce. But analysts warn that after weeks of sideways price action, gold is ready for a more significant move.

The caveat is it could be in either direction, Gainesville Coins precious metals expert Everett Millman told Kitco News. "Gold has traded sideways long enough that we are due for a bigger move one direction or the other — retesting the $1,880 level or getting back up to around $2,000," Millman said.

The Fed confused the markets Wednesday with a "hawkish pause" and a promise of two more rate hikes.

"What the Fed did was neutral for gold. A pause is good for gold. But it was the most hawkish pause we could have gotten. And that is why gold has traded sideways," Millman explained.

Gold is holding up well in the face of the Fed's warning of two more rate hikes, OANDA senior market analyst Edward Moya told Kitco News.

"The Fed locked themselves into a hold since they signaled they were going to do that before the meeting," said Moya. "There was a communication mistake by Fed Chair Jerome Powell in weeks leading up to this decision. Otherwise, data supported the hike."

At the press conference, Powell did not commit to a rate hike in July, stating that the U.S. central bank will remain data-dependent, added Moya.

"Fed Chair Powell is trying to keep optionality on the table. There's a chance we could have continued softer inflation prints. He doesn't want to lock himself in," he said. "That's why gold is not at $1,900. If the Fed's dot plot was confirmed at the press conference, gold would be trading at $1,900."

At the time of writing, August Comex gold futures were trading at $1,968.20, down 0.13% on the day and largely flat on the week.

Markets are currently pricing in one more rate hike in July only. If that changes, gold will react, the analysts said.

In the meantime, gold is paying close attention to macro releases and the U.S. dollar. Also, precious metals investors are monitoring central bank gold buying activity, which has slowed in the second quarter.

"Even though it slowed down quite a bit," said Millman. "The World Gold Council survey said that one in four central banks planned to continue to buy gold. They buy in large volumes, and gold will respond to what central banks are doing."

 

Mixed signals and gold's price direction

There is still a risk of a significant selloff in the gold market because that would be symmetrical to what happened over the past two years when gold reached $2,000 an ounce, Millman pointed out. "The next most likely move for gold is lower," he said.

Markets are eyeing Powell's two-day testimony before the House and Senate next week, a lineup for Fed speakers, and more macro releases.

"Gold is going to be facing a lot of mixed signals next week," said Moya. "Fed speakers, flash PMIs, and more easing from China (commercial banks are cutting rates). In theory, we could still see risk appetite holding in there, which will keep gold choppy."

With the Fed largely data-driven into the July meeting, macro releases could become big market movers.

"Gold pricing is still searching for confirmation that the Fed is really done and/or a US$-negative catalyst," said MKS PAMP head of metals strategy Nicky Shiels. "Data will become more sensitive and important into a July meeting where a hike is pretty much guaranteed."

Gold's technical trading is also essential to monitor. The longer the precious metal remains steady in the face of this hawkish pressure, the more likely prices will rally, noted Shiels.

"On the surface, it's a bearish precious outcome, but the longer gold can't go down, [it] must go up. The thinking is that gold prices will read through their hawkish rhetoric/talk, and at the core is, the Fed has paused (and can pause again) = therefore, they're done," she said.

 

Data next week

Tuesday: U.S. building permits and housing starts,

Wednesday: Fed Chair Powell testifies

Thursday: Bank of England rate decision, Fed Chair Powell testifies, U.S. jobless claims, U.S. existing home sales

Friday: U.S. manufacturing PMI

By

Anna Golubova

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

HOME

Opportunities Galore: Exploring WeGotFriendscomOpportunity

Leave a comment

Opportunities Galore: Exploring WeGotFriends.com/Opportunity

We Got Friends LLC is a company that provides an opportunity for people to earn money online. The company's website, wegotfriends.com/opportunity, offers an easy way for anyone to start making money by referring friends and family to the platform. The process is simple and straightforward, and it does not require any special skills or experience.

The We Got Friends opportunity is available to people in the United States, Canada, and other countries around the world. The company offers a referral program that allows anyone to earn money by inviting friends and family to join the platform. The more people you refer, the more money you can earn. The company also offers training and support to help its members succeed in their referral efforts.

Overall, the We Got Friends opportunity is a great way for people to earn money online. The company offers a simple and easy-to-use platform, and its referral program is a great way to earn money without any special skills or experience. If you are looking for a way to earn money online, the We Got Friends opportunity may be worth considering.

Understanding the Opportunity

We Got Friends LLC is an online platform that offers a unique opportunity to its users. The We Got Friends Opportunity is gaining popularity in the online community, and for good reason. This opportunity provides a chance for people to earn money from the comfort of their own homes.

The We Got Friends Opportunity is a referral-based program that rewards users for referring others to the platform. Users can earn commission on the purchases made by the people they refer. The commission rates vary depending on the product or service being sold.

The platform offers a range of products and services, including travel, savings and cashback, online coaching, leads, and link-in-bio. The We Got Friends Opportunity is not limited to any specific product or service, which means that users can earn commission on any purchase made by their referrals.

To take advantage of the We Got Friends Opportunity, users need to sign up for an account on the platform. Once they have an account, they can start referring others to the platform and earning commission on their purchases. The platform provides users with a referral link that they can share with their friends and family.

It is important to note that the We Got Friends Opportunity is not a get-rich-quick scheme. Users need to put in effort to refer others to the platform and earn commission. However, the platform does offer a legitimate opportunity to earn money online.

In conclusion, the We Got Friends Opportunity is a referral-based program that rewards users for referring others to the platform. Users can earn commission on the purchases made by their referrals. The platform offers a range of products and services, and users can earn commission on any purchase made by their referrals. While it is not a get-rich-quick scheme, the We Got Friends Opportunity provides a legitimate opportunity to earn money online.

Online Presence of Wegotfriends

Wegotfriends has a strong online presence, with their website serving as the main hub for their business. The website, wegotfriends.com, provides information about their products, services, and business opportunity. The website is well-designed and easy to navigate, with clear calls to action and an emphasis on sign-ups for their business opportunity.

In addition to their website, Wegotfriends has a strong presence on social media platforms such as Facebook, Twitter, and Instagram. They regularly post updates about their business and products, as well as engaging with their followers and customers. This helps to build a strong community around their brand and business opportunity.

Importance of Video Content

Wegotfriends places a strong emphasis on video content, using it to promote their business opportunity and products. This is a smart move, as video content is becoming increasingly popular and effective in marketing. Videos can convey information quickly and effectively, and can be more engaging than text-based content.

Wegotfriends has a variety of videos on their website and social media platforms. These include promotional videos for their business opportunity, product demos, and testimonials from satisfied customers. They also have a YouTube channel where they post videos regularly.

Personalizing content is also important, and Wegotfriends does this well by featuring videos of their members sharing their success stories. This helps to build trust with potential customers and recruits, as they can see real people who have had success with the business opportunity.

Overall, Wegotfriends has a strong online presence, with a well-designed website and active social media accounts. They also use video content effectively to promote their business opportunity and products.

Talking About Wegotfriends Opportunity

We Got Friends LLC is an online platform that offers various services such as travel, savings, cashback, online coaching, leads, and link-in-bio. The platform is gaining popularity among online users due to its unique opportunity that promises to help people earn money. The We Got Friends Opportunity offers people the chance to earn money by referring others to the platform.

The platform provides a video that explains the opportunity and what it offers. It claims that users can earn money by referring others to the platform, and it promises to pay users for every referral they make. The video also claims that the opportunity is free to join, and users can start earning money immediately.

To join the We Got Friends Opportunity, users need to sign up on the platform's website and provide their personal information. The platform claims that it respects users' privacy and will never share or sell their personal information.

The We Got Friends Opportunity is available in the United States, Canada, Afghanistan, Albania, Algeria, American Samoa, and other countries. The platform provides a list of countries where the opportunity is available on its website.

In conclusion, the We Got Friends Opportunity is an online platform that promises to help people earn money by referring others to the platform. The platform provides various services such as travel, savings, cashback, online coaching, leads, and link-in-bio. Users can join the opportunity for free and start earning money immediately.

Offers by Wegotfriends

Wegotfriends is a company that offers a variety of services to its customers. The company's main focus is on providing travel, savings, and cashback opportunities to its members. However, they also offer online coaching, leads, and a link-in-bio service.

Travel

Wegotfriends offers its members exclusive travel deals that are not available to the general public. Members can save up to 70% on flights, hotels, and car rentals. The company has partnerships with major travel providers, which allows them to offer these discounts to their members.

Savings and Cashback

Wegotfriends also offers a savings and cashback program. Members can earn cashback on their purchases from over 3,000 retailers. The company also offers a savings program that allows members to save money on their everyday expenses, such as groceries, gas, and dining.

Online Coaching

Wegotfriends offers online coaching to help its members achieve their personal and professional goals. Members can receive coaching in areas such as business, finance, health, and relationships. The coaching is provided by experienced professionals who are experts in their respective fields.

Leads

Wegotfriends offers a leads service to help its members grow their businesses. Members can purchase leads in their desired industry to help them find potential customers. The leads are high-quality and have been pre-qualified to ensure that they are interested in the member's product or service.

Link-In-Bio

Wegotfriends offers a link-in-bio service to help its members promote their businesses on social media. Members can create a custom landing page that includes links to their website, social media profiles, and other relevant information. The landing page can be added to the member's bio on Instagram, TikTok, and other social media platforms.

Overall, Wegotfriends offers a variety of services to its members that can help them save money, grow their businesses, and achieve their personal and professional goals.

Privacy and Cookies Policy

We Got Friends LLC takes the privacy of its users seriously. In this section, we will explain how the company collects, uses, and protects the personal information of its users.

Information Collection

We Got Friends LLC collects personal information from its users when they register on the site, subscribe to a newsletter, fill out a form, or participate in a survey. The information collected may include the user's name, email address, mailing address, phone number, and credit card information.

Use of Information

The personal information collected by We Got Friends LLC is used to provide users with the services they have requested. It may also be used to personalize the user's experience on the site, to improve customer service, and to send periodic emails with promotional offers and updates.

Cookies

We Got Friends LLC uses cookies to enhance the user experience on the site. Cookies are small files that are stored on the user's computer and are used to remember user preferences, login information, and other details. Users can choose to disable cookies in their browser settings, but this may limit their ability to use certain features of the site.

Disclosure of Information

We Got Friends LLC does not sell, trade, or rent personal information to third parties. However, the company may share personal information with trusted partners who assist in providing services to users. The company may also release personal information when required by law or to protect its rights or property.

Data Security

We Got Friends LLC takes reasonable measures to protect the personal information of its users. This includes using secure servers and encryption technology to prevent unauthorized access, disclosure, or alteration of personal information.

Changes to Policy

We Got Friends LLC reserves the right to modify this Privacy and Cookies Policy at any time. Users will be notified of any changes by email or by a notice on the site. It is the user's responsibility to review the policy periodically to stay informed of any changes.

In summary, We Got Friends LLC is committed to protecting the privacy of its users and uses personal information only for the purposes for which it was collected. The company also uses cookies to enhance the user experience on the site. Users can disable cookies if they wish, but this may limit their ability to use certain features of the site.

Personalizing Your Experience

We Got Friends LLC understands that each user is unique and has their own preferences. That's why they have incorporated personalization features to make each user's experience more tailored to their needs.

Personalizing Content

When a user logs in, they will see content that is personalized to their interests. This is based on their search history, preferences, and behavior on the site. For example, if a user has shown interest in travel, they will see more travel-related content on their dashboard.

Customizing Your Dashboard

Users can also customize their dashboard to suit their preferences. They can choose which features they want to see on their dashboard and in what order. They can also choose the color scheme that they prefer.

Personalized Coaching

We Got Friends LLC offers personalized coaching to help users achieve their goals. The coaches work with the users to create a personalized plan that suits their needs. They provide guidance, support, and motivation to help users achieve their goals.

Personalized Leads

We Got Friends LLC provides personalized leads to users who are looking to grow their business. The leads are based on the user's preferences and needs. This helps users to connect with potential customers who are interested in their products or services.

In conclusion, We Got Friends LLC offers personalized features to make each user's experience more tailored to their needs. From personalized content to customized dashboards and coaching, users can customize their experience to suit their preferences. This helps users to achieve their goals and grow their business.

Advertising with Wegotfriends

Wegotfriends offers a unique opportunity for businesses to advertise their products and services to a wide audience. Through the use of cutting-edge internet marketing strategies, businesses can reach potential customers and establish credibility in their respective industries.

One of the key features of advertising with Wegotfriends is the ability to generate leads. By investing in lead generation and nurturing, businesses can position themselves for success in the years to come. This is particularly important for businesses that are just starting out or looking to scale.

Another advantage of advertising with Wegotfriends is the ability to gain market insights. The platform provides businesses with valuable data on customer behavior, preferences, and trends. This information can be used to inform marketing strategies and improve overall business performance.

Wegotfriends also offers businesses the opportunity to establish long-term relationships with customers. By providing high-quality products and services, businesses can build trust and loyalty with their customer base. This can lead to repeat business and positive word-of-mouth advertising.

In conclusion, advertising with Wegotfriends can be a highly effective way for businesses to reach new customers, establish credibility, and grow their brand. Through the use of cutting-edge internet marketing strategies, businesses can generate leads, gain market insights, and build long-term relationships with customers.

Frequently Asked Questions

How can I apply for opportunities on wegotfriends.com?

To apply for opportunities on wegotfriends.com, you need to create an account on the website. Once you have an account, you can browse through the available opportunities and apply for the ones that interest you.

What kind of opportunities are available on wegotfriends?

Wegotfriends.com offers a variety of opportunities in different fields, including travel, savings and cashback, online coaching, and leads. The opportunities are designed to help individuals achieve their personal and professional goals.

Are the opportunities on wegotfriends paid or unpaid?

The payment for opportunities on wegotfriends.com varies depending on the type of opportunity. Some opportunities are paid, while others are unpaid. It is important to read the description of each opportunity carefully before applying to understand the payment structure.

What is the application process for wegotfriends opportunities?

To apply for an opportunity on wegotfriends.com, you need to create an account on the website and fill out the application form. The application form will ask for your personal information, work experience, and qualifications. You may also be asked to submit a resume and cover letter.

How long does it take to hear back about an opportunity application on wegotfriends?

The time it takes to hear back about an opportunity application on wegotfriends.com varies depending on the opportunity. Some opportunities may have a quick turnaround time, while others may take longer. It is important to be patient and wait for a response from the opportunity provider.

Can I apply for multiple opportunities on wegotfriends at once?

Yes, you can apply for multiple opportunities on wegotfriends.com at once. However, it is important to ensure that you have the time and resources to commit to each opportunity before applying. Applying for too many opportunities at once may lead to a lack of focus and a decrease in the quality of work.

Tim Moseley

HOME

Solanacom Review: A Comprehensive Analysis of the High-Performance Blockchain Platform

Leave a comment

Solana.com Review: A Comprehensive Analysis of the High-Performance Blockchain Platform

Solana is a fast-growing blockchain platform that has gained significant attention in the crypto space. It was created by Anatoly Yakovenko and his team at Solana Labs. Solana is designed to handle a high volume of transactions with fast processing times, making it a promising contender for decentralized applications and smart contracts.

The Solana Foundation is responsible for the development and growth of the Solana ecosystem. The foundation's mission is to support the growth of decentralized applications and create a more decentralized internet. The Solana Foundation also oversees the Solana Grants program, which provides funding for developers to build on the Solana platform.

With its impressive speed and scalability, Solana has become a popular choice for developers and investors alike. However, like any other blockchain platform, it has its strengths and weaknesses. In this article, we will review Solana.com and provide an in-depth analysis of the platform's features, benefits, and challenges. We will also discuss the future of Solana and how it could impact the blockchain industry.

Understanding Solana

What is Solana

Solana is a blockchain network that is designed to host decentralized applications (dApps). It was created by Solana Labs, which is a team of developers focused on building scalable blockchain technology. Solana uses a unique consensus mechanism called Proof of History (PoH), which is based on a sha256 hash function, to process transactions quickly and at a low cost.

Solana Blockchain Technology

Solana's blockchain technology is designed to be fast, secure, and scalable. It uses a layered approach to processing transactions, which allows it to handle a high volume of transactions per second (TPS). Solana's architecture is also energy efficient, which makes it an environmentally friendly option for blockchain technology.

Solana's Unique Features

Solana has several unique features that set it apart from other blockchain networks. One of its most notable features is its high transaction speed, which can reach up to 65,000 TPS. Solana also has low transaction fees, which makes it a cost-effective option for developers and users.

Solana's scalability is another key feature that makes it an attractive option for building decentralized applications. It uses a proof-of-history consensus mechanism, which defines the next block with a timestamp. This allows Solana to process transactions quickly and efficiently, without sacrificing security.

Additionally, Solana supports smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This allows developers to build complex decentralized applications on the Solana network.

ecosystem for entrepreneurs

Conclusion

Overall, Solana is a promising blockchain network that offers fast transaction speeds, low fees, and scalability. It has several unique features that make it an attractive option for developers and users alike. With the support of a growing ecosystem of tools and services, Solana is poised to become a major player in the world of decentralized applications.

The Solana Ecosystem

Solana is a high-performance blockchain that is designed to support decentralized applications and marketplaces. The ecosystem is growing rapidly, with many key players contributing to its development.

Key Players in Solana

The Solana Foundation is a non-profit organization that is responsible for the development and promotion of the Solana ecosystem. The foundation's mission is to support the growth of the network and to foster innovation in the blockchain space.

Solana Labs is the primary development team behind the Solana blockchain. The team is led by Anatoly Yakovenko, who is the founder of Solana. The team is focused on building the core technology that powers the network, including the Solana protocol and the Solana runtime.

Solana's Community and Support

The Solana community is an active and growing group of developers, validators, and enthusiasts who are passionate about the potential of the Solana ecosystem. The community is supported by a number of resources, including the Solana Discord channel, the Solana subreddit, and the Solana blog.

Validation is an important part of the Solana ecosystem, and there are many validators who help to secure the network and validate transactions. Validators are responsible for maintaining the integrity of the network, and they are rewarded with SOL tokens for their efforts.

Overall, the Solana ecosystem is a vibrant and exciting space that is attracting a lot of attention from developers and investors alike. With its high performance and growing community, Solana is well positioned to become a major player in the blockchain space.

Investing in Solana

Solana is a popular cryptocurrency that has been gaining momentum in recent years. Investors looking to buy and stake Solana can do so through various exchanges and staking platforms. In this section, we will cover how to buy Solana and how to stake it for potential rewards.

How to Buy Solana

Investors looking to buy Solana can do so through various exchanges that offer the token. Some of the most popular exchanges that offer Solana include Binance, FTX, and Coinbase. Investors can purchase Solana using fiat currency or other cryptocurrencies such as Bitcoin or Ethereum.

Once an investor has purchased Solana, they can hold onto it or stake it for potential rewards. Staking Solana involves holding the token in a wallet and participating in the Solana network by validating transactions. In return, stakers can earn block rewards in the form of additional Solana tokens.

Staking in Solana

Staking Solana can be done through various platforms such as Solflare, Sollet, and Ledger. Investors can choose to stake their tokens through a centralized or decentralized platform, depending on their preference.

Staking in Solana requires a minimum amount of tokens to participate, which varies depending on the platform. Investors should also be aware of the potential risks involved in staking, such as slashing or losing their staked tokens.

In conclusion, investing in Solana can be a potentially lucrative opportunity for investors looking to capitalize on the growth of the cryptocurrency market. By buying and staking Solana, investors can potentially earn rewards and contribute to the Solana network. However, investors should be aware of the risks involved and do their due diligence before investing any capital.

Comparison with Other Blockchains

Solana vs Ethereum

When compared to Ethereum, Solana is a relatively new blockchain that has been gaining traction in the crypto world. While Ethereum is still the more popular cryptocurrency with a market cap of around $210 billion, Solana has been growing rapidly and is currently valued at around $45 billion.

One of the key advantages of Solana over Ethereum is its speed. Solana can reportedly process up to 65,000 transactions per second, while Ethereum can only handle around 15 transactions per second. Solana's high transaction speed is due to its unique consensus mechanism, which is based on Proof of History (PoH) and Proof of Stake (PoS).

However, Ethereum is more established and has a larger developer community, which means that it has a wider range of applications and use cases. Ethereum also has a more diverse ecosystem of decentralized applications (dApps) and tokens, which makes it more attractive to investors and traders.

Solana vs Bitcoin

Solana and Bitcoin are two very different blockchains that serve different purposes. Bitcoin is primarily a store of value and a means of payment, while Solana is designed to be a fast, scalable, and decentralized platform for building dApps.

Bitcoin is also much more decentralized than Solana, as it relies on a large network of nodes and miners to validate transactions. Solana, on the other hand, uses a more centralized approach to consensus, which some critics argue makes it less secure and vulnerable to attacks.

However, Solana's speed and scalability make it a more attractive option for developers who want to build high-performance dApps that can handle large volumes of transactions.

Solana vs Cardano

Solana and Cardano are both third-generation blockchains that aim to address the scalability and security issues of earlier blockchains like Bitcoin and Ethereum.

Cardano uses a unique consensus mechanism called Ouroboros, which is based on Proof of Stake (PoS) and is designed to be more energy-efficient and secure than other PoS blockchains. Solana, on the other hand, uses a combination of Proof of History (PoH) and Proof of Stake (PoS) to achieve high transaction speeds and scalability.

While Cardano is more established and has a larger market cap than Solana, Solana's speed and scalability make it a more attractive option for developers who want to build high-performance dApps.

ecosystem for entrepreneurs

Solana vs Polkadot

Polkadot is another third-generation blockchain that aims to address the scalability and interoperability issues of earlier blockchains. Like Solana, Polkadot uses a combination of Proof of Stake (PoS) and sharding to achieve high transaction speeds and scalability.

However, Polkadot is more focused on interoperability, which means that it is designed to enable different blockchains to communicate and interact with each other. Solana, on the other hand, is more focused on speed and scalability, which makes it a better option for developers who want to build high-performance dApps.

Overall, Solana is a promising blockchain that has the potential to compete with other established blockchains like Ethereum and Cardano. Its unique consensus mechanism and high transaction speeds make it an attractive option for developers who want to build fast, scalable, and decentralized applications. However, it still has a long way to go before it can become a mainstream blockchain that is widely adopted by users and developers alike.

Security and Sustainability of Solana

Solana is a high-performance blockchain that provides fast transaction processing and low fees. It is designed to be secure and sustainable, with several measures in place to ensure the safety of its users and the environment.

Security Measures

Solana uses a unique consensus algorithm called Proof of History (PoH) that combines the best features of Proof of Stake (PoS) and SHA256. This algorithm ensures that the network is secure and resistant to attacks, while also being energy efficient.

Validators play a crucial role in maintaining the security of the network. They are responsible for verifying transactions and adding them to the blockchain. Solana has a large and growing network of validators, which ensures that the network is decentralized and resilient.

Additionally, Solana has undergone several security audits to ensure that the code is secure and free from vulnerabilities. The most recent audit was conducted in 2019 and found no major issues.

Environmental Impact

Solana is committed to reducing its environmental impact and has taken several steps to achieve this goal. According to a sustainability rating by GreenCryptoResearch, Solana is one of the most sustainable cryptocurrencies at present, receiving the highest grade A in the GCR Sustainability Rating.

The Solana Foundation has also released a report on its energy usage, which shows that a transaction on Solana takes less energy than two Google searches, and 24 times less energy than charging your phone. This is due to the energy-efficient PoH consensus algorithm and the use of validators instead of miners.

In addition, Solana has plans to transition to a fully renewable energy model in the future. The network is already carbon neutral through the purchase of carbon offsets, and the Solana Foundation is working to develop renewable energy sources to power the network.

Overall, Solana is a secure and sustainable blockchain that is committed to reducing its environmental impact. Its unique consensus algorithm and large network of validators ensure that the network is secure and decentralized, while its commitment to renewable energy and carbon neutrality demonstrates its dedication to sustainability.

Future of Solana

Solana has been making waves in the cryptocurrency world, and many investors are curious about the future of this blockchain platform. While it is impossible to predict the future with certainty, there are some upcoming developments and potential challenges that may impact Solana's future.

Upcoming Developments

One of the most significant upcoming developments for Solana is the upcoming launch of Wormhole, a cross-chain bridge that will allow Solana to connect with other blockchain networks. This will increase the interoperability of Solana and make it easier for developers to build decentralized applications that can interact with other networks.

Another development to watch is the adoption of Solana by more mainstream companies. Solana has already seen some adoption by companies such as FTX and Serum, but more adoption could lead to increased innovation and funding rounds for the platform.

Potential Challenges

One potential challenge for Solana is the competition from other blockchain platforms. While Solana has unique features such as its high speed and low transaction fees, other platforms such as Ethereum and Binance Smart Chain are also popular among developers and investors.

Another potential challenge is the impact of 5G technology on the blockchain industry. While 5G could lead to increased adoption of blockchain technology, it could also lead to increased competition from centralized platforms that offer similar features.

Finally, Solana's reliance on Twitter for communication could be a potential weakness. While Twitter has been a useful tool for Solana to communicate with its community, it is also vulnerable to censorship and other issues that could impact Solana's reputation and adoption.

Overall, the future of Solana is uncertain, but there are several upcoming developments and potential challenges that could impact the platform. Investors and developers should keep a close eye on these factors as they consider the potential of Solana as a long-term investment.

Conclusion

In conclusion, Solana is a decentralized, high-performance blockchain network that has been gaining popularity in recent times. It is known for its scalability, energy efficiency, and fast transaction processing speed of up to 65,000 transactions per second. Its innovative Proof of History consensus mechanism and single chain protocol make it a unique player in the blockchain space.

The Solana network is designed to be scalable, which means it can handle a large number of transactions without slowing down or compromising on security. This makes it an attractive option for developers and businesses looking to build decentralized applications that require high throughput and low latency.

The Solana protocol is also highly decentralized, which means that no single entity controls the network. This ensures that the network is secure, transparent, and resistant to censorship. The Sol token is used for validation and governance on the network, and it is an essential component of the Solana ecosystem.

Overall, Solana is an exciting technology that has the potential to revolutionize the way we think about blockchain and cryptocurrency. Its focus on performance, scalability, and decentralization make it an attractive option for developers and businesses looking to build innovative applications that require fast and secure transactions. As the blockchain space continues to evolve, it will be interesting to see how Solana continues to innovate and grow.

Frequently Asked Questions

Is Solana.com a reputable platform?

Solana.com is a reputable platform that has been operating since 2017. It is known for its high-performance blockchain with a focus on decentralization and security. The platform has received positive reviews from users on Trustpilot, with many praising its user-friendly interface and fast transaction speeds.

How does Solana.com compare to other cryptocurrency exchanges?

Compared to other cryptocurrency exchanges, Solana.com stands out for its fast transaction speeds and low fees. It uses proof-of-history consensus to define the next block with a timestamp, making it a scalable and efficient blockchain. Additionally, Solana.com offers an NFT marketplace called Solanart, which is fast and has low fees.

What are the fees for using Solana.com?

Solana.com has low fees, with users paying less than $0.025 per transaction. Additionally, users can stake Solana (SOL) for rewards.

Can I trust Solana.com with my personal information?

Solana.com takes security seriously and uses multiple layers of protection to keep user information safe. However, as with any online platform, there is always a risk of hacking or data breaches. It is recommended that users take precautions such as using strong passwords and enabling two-factor authentication.

What is the user experience like on Solana.com?

Users generally have a positive experience on Solana.com, with many praising its user-friendly interface and fast transaction speeds. However, some users have reported issues with the platform's network getting slow during high traffic periods.

Are there any security concerns with using Solana.com?

While Solana.com takes security seriously and uses multiple layers of protection, there is always a risk of hacking or data breaches. Additionally, some users have reported issues with the platform's network getting slow during high traffic periods. It is recommended that users take precautions such as using strong passwords and enabling two-factor authentication.

Tim Moseley

HOME

Silver outshines gold with better short-term performance

Leave a comment

Silver outshines gold with better short-term performance

Both gold and silver investors have focused on the recent decision by the Federal Reserve that was revealed at this month's FOMC meeting on Wednesday. The Federal Reserve decided not to raise its benchmark Fed funds rate this month after raising rates for the last 10 consecutive FOMC meetings beginning in March 2022. However, both the statement and press conference by Chairman Powell laid out a monetary policy that would incorporate two additional rate hikes this year, and maintain these elevated rates for the remainder of the year. The Federal Reserve's “dot plot” forecast indicated that the Fed funds rates would likely increase to between 5 ½% and 5 ¾%.

Gold and silver pricing were mixed today with silver futures closing higher and gold futures closing unchanged. As of 5:37 PM EDT, gold futures basis the most active August contract is unchanged on the day and fixed at $1970.70. Silver futures basis the most active July contract gained 1.35% or $0.32 in trading today and is currently fixed at $24.27. Although both gold and silver futures declined on the week, silver's short-term performance has outperformed recent gains in gold.

When we look at recent activity from the last week in May to current pricing both metals recovered from the strong price declines that began during the first week of May. The percentage gain in silver has been almost 3 times of that seen in gold since May 26th.

On May 26, gold futures were priced at $1944 per ounce $26 below today's closing price of $1970. this means that over the last three weeks, gold has gained approximately 1.36%. Silver was fixed at $23.36 on May 26 and has gained approximately $1.34. Which is a percentage gain of 3.82% almost triple the return of gold.

There are several reasons that silver is outperforming gold in the short-term. However, in this article, I will name what I believe are the two obvious variables at play. First, silver has an industrial component that does not exist in gold. Recent gains in US equities especially the tech-heavy NASDAQ composite have fueled greater demand for silver. Secondly, although both are considered to be haven assets, gold is the front-running precious metal utilized

as a haven investment. Because of that gold is more susceptible to rising interest rates.

Whether or not silver will continue to outperform gold is unknown. However, looking at both precious metals on a short-term basis it is clear that silver has outshined gold in terms of percentage gains and returns.

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

HOME

Gold breaks below its 100-day moving average but recovers as the dollar tanks

Leave a comment

Gold breaks below its 100-day moving average but recovers as the dollar tanks

Commentaries & ViewsShare this article:

Gold futures basis the most active August Comex contract traded below its 100-day simple moving average which is currently at $1950.70 after trading to an intraday low of $1936.10. However, as of 4:34 PM EDT, gold futures are trading just off the high of $1972.80 and are fixed at $1970.40.

On May 17, gold prices broke below their 50-day moving average for the first time since pricing moved above it on March 13. The rally that occurred in March began in November 2022 when gold had hit a triple bottom just above $1620. The first leg of this rally would take gold to just below $1980 before entering a corrective period which took gold pricing to approximately $1810. On March 13 gold traded back above its 50-day moving average on its way to this year’s highest value just above $2080 in May. After hitting the highest value of the year gold began its current correction that took gold to its current price as seen in the chart below.

That being said, today’s story is not so much about gold closing fractionally higher and back above its 100-day moving average but rather the dollar's strong devaluation and gold’s tepid response. If not for the decline in the dollar index today gold most certainly would have closed strongly in the negative. The dollar declined by 0.77% taking the dollar index to 102.12. Gold futures only gained 0.08% in trading today and when compared to the dollar's decline of 0.77% it indicates that traders were selling gold futures.

The same can be seen in the pricing of spot gold which increased by $16 per ounce according to the Kitco Gold Index (KGX). On closer inspection dollar strength added $17.10 per ounce, and normal trading resulted in a price decline of– $1.10.

The chart above is a long-term daily Japanese candlestick chart of the dollar index. It clearly illustrates how strong selling pressure has been taking the dollar index (DX) from a high above 114 in September of last year to lows just above 100.50 in February. Each of the last two rallies has had lower highs than the previous. Most importantly today’s strong price decline took the dollar index below both its 100 and 50-day moving averages.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

HOME

What Is MyLeadGenSecretcom? Discover the Platform’s Features and Benefits

Leave a comment

What Is MyLeadGenSecret.com? Discover the Platform's Features and Benefits

MyLeadGenSecret.com is a platform that offers lead generation services to individuals and businesses. It was created by Jim Harmon as a way to help people break free from their 9-5 jobs without having to spend thousands of dollars per day on ads. The platform offers a mix of an MLM and an actual lead generation business, making it an attractive option for those who want to generate leads and earn income.

With My Lead Gen Secret, users can build their email list online using leads that are given to them daily. Each day, users receive 100 to 200 new fresh leads that they can email directly from the platform. This makes it an invaluable resource for those who want to expand their reach and connect with potential customers. The platform also offers responsive people, making it easier for users to get feedback from interested people opting into their offers and even emailing them asking questions.

Overall, MyLeadGenSecret.com is a platform that offers a unique approach to lead generation. It provides users with a steady stream of fresh leads that they can use to build their email list and expand their reach. With its mix of MLM and lead generation services, it is an attractive option for those who want to generate leads and earn income.

Overview

What is My Lead Gen Secret?

My Lead Gen Secret is a lead generation platform that was created by Jim Harmon. It is a combination of an MLM and an actual lead generation business. The platform provides subscribers with a list of fresh leads every day that they can use to build their email list and promote their products or services.

Who is Jim Harmon?

Jim Harmon is the creator of My Lead Gen Secret. He is a successful internet marketer who has been in the industry for over a decade. Harmon has worked with some of the biggest names in the industry, such as Frank Kern and Tai Lopez, and has helped thousands of people build successful online businesses.

How does My Lead Gen Secret work?

My Lead Gen Secret works by providing subscribers with a list of fresh leads every day. These leads are people who have opted-in to receive information about various products and services. Subscribers can use these leads to build their email list and promote their products or services.

What are the benefits of using My Lead Gen Secret?

The benefits of using My Lead Gen Secret include:

  • Cheap leads: My Lead Gen Secret provides subscribers with high-quality leads at a very affordable price.
  • Easy setup: The platform is easy to set up and use, even for beginners.
  • Sales funnel: My Lead Gen Secret provides subscribers with a pre-made sales funnel that they can use to promote their products or services.
  • High-quality leads: The leads provided by My Lead Gen Secret are high-quality and have a high conversion rate.
  • Autoresponder: My Lead Gen Secret provides subscribers with an autoresponder that they can use to automate their email marketing campaigns.

What are the features of My Lead Gen Secret?

The features of My Lead Gen Secret include:

  • Daily leads: Subscribers receive a list of fresh leads every day.
  • Email templates: My Lead Gen Secret provides subscribers with pre-made email templates that they can use to promote their products or services.
  • Master swipes: My Lead Gen Secret provides subscribers with master swipes that they can use to improve their email marketing campaigns.
  • Bonus contest: My Lead Gen Secret offers a bonus contest where subscribers can win prizes for referring new subscribers to the platform.

What makes My Lead Gen Secret different from other lead generation platforms?

My Lead Gen Secret is different from other lead generation platforms because it provides subscribers with high-quality leads at a very affordable price. The platform is also easy to set up and use, even for beginners. My Lead Gen Secret provides subscribers with a pre-made sales funnel and an autoresponder that they can use to automate their email marketing campaigns. The platform also offers a bonus contest where subscribers can win prizes for referring new subscribers to the platform.

Features

Myleadgensecret.com offers several features to help users generate leads and grow their email lists. These features include email swipes, autoresponder integration, lead tracking and reporting, and bonus content.

Email Swipes

My lead gen secret provides users with a library of pre-written email swipes that they can use to promote their offers and products. These email swipes are professionally written and tested to ensure high open and click-through rates. Users can customize these email swipes to fit their specific niche and audience.

Autoresponder Integration

My lead gen secret integrates with popular autoresponder services like Aweber, GetResponse, and MailChimp. This integration allows users to automatically add leads to their email lists and follow up with them using pre-written email sequences. Users can also set up custom triggers and automation rules to further streamline their email marketing campaigns.

Lead Tracking and Reporting

My lead gen secret provides users with real-time tracking and reporting of their lead generation campaigns. Users can see how many leads they've generated, where those leads are coming from, and how many of those leads have converted into sales. This data allows users to optimize their campaigns for maximum ROI.

Bonus Content

My lead gen secret offers users access to a library of bonus content, including ebooks, videos, and training courses. This content is designed to help users improve their lead generation and email marketing skills. Users can also use this content to provide additional value to their email subscribers and build stronger relationships with their audience.

Overall, My lead gen secret offers a comprehensive set of features for lead generation and email marketing. These features can help users save time, increase their email open rates, and improve their overall ROI.

Benefits

Myleadgensecret.com offers a variety of benefits that make it a valuable tool for businesses and individuals looking to generate high-quality leads. Here are some of the benefits you can expect from using MyLeadGenSecret:

High-Quality Leads

One of the biggest benefits of using MyLeadGenSecret is the high-quality leads that it provides. The program offers 3000-6000 highly targeted leads per month, ensuring that you are only getting leads that are interested in your product or service. These leads are generated using a combination of methods, including email marketing and social media advertising, which means that they are more likely to convert into paying customers.

Affordable Pricing

Another benefit of using MyLeadGenSecret is the affordable pricing. The program costs just $30 per month, which includes access to the highly targeted leads as well as a range of other features and benefits. This pricing model makes it accessible to businesses and individuals of all sizes, regardless of their budget.

Increased Conversion Rates

By using MyLeadGenSecret, businesses and individuals can expect to see an increase in their conversion rates. This is because the program provides highly targeted leads that are more likely to be interested in your product or service, which means that they are more likely to convert into paying customers. Additionally, the program provides a range of tools and resources that can help businesses and individuals improve their conversion rates even further.

Easy Setup and Use

Finally, MyLeadGenSecret is incredibly easy to set up and use. The program provides a range of tools and resources that make it easy for businesses and individuals to start generating leads right away. Additionally, the program offers excellent customer support, ensuring that any issues or questions can be addressed quickly and efficiently.

In summary, MyLeadGenSecret offers a range of benefits that make it a valuable tool for businesses and individuals looking to generate high-quality leads. From the highly targeted leads to the affordable pricing and increased conversion rates, this program is a must-have for anyone looking to take their lead generation efforts to the next level.

How to Use My Lead Gen Secret

My Lead Gen Secret is a powerful lead generation tool that can help businesses and marketers generate high-quality leads quickly and easily. Here are the steps to use My Lead Gen Secret effectively:

Setting Up Your Account

To use My Lead Gen Secret, you need to sign up for an account on their website. Once you have signed up, you will need to provide some basic information about your business, including your name, email address, and phone number. You will also need to provide your payment information to start your subscription.

Creating Your Email Campaigns

After setting up your account, you can start creating your email campaigns. My Lead Gen Secret provides a user-friendly interface that allows you to create professional-looking emails quickly and easily. You can choose from a variety of templates, customize them with your own branding and messaging, and then send them out to your target audience.

Tracking and Analyzing Your Results

One of the most powerful features of My Lead Gen Secret is its ability to track and analyze your results. You can see how many people opened your emails, clicked on your links, and converted into leads or customers. This data can help you refine your email campaigns and improve your overall lead generation strategy.

To track and analyze your results, log in to your My Lead Gen Secret account and navigate to the analytics dashboard. From there, you can view detailed reports on your email campaigns, including open rates, click-through rates, and conversion rates.

Overall, My Lead Gen Secret is a powerful tool that can help businesses and marketers generate high-quality leads quickly and easily. By following these simple steps, you can set up your account, create effective email campaigns, and track and analyze your results to improve your lead generation strategy.

Testimonials

Myleadgensecret.com has received mixed reviews from its users. Some users have reported positive results, while others have expressed disappointment with the service.

According to a review on Sitejabber, the lead generation service works very well. The user reports getting daily feedback from interested people opting in to their offers and sometimes even emailing them asking questions. The leads especially like ordering high gravity clickbank products such as…

Another user on LeadsLeap reports that they have been able to get 200 leads a day without fail since they started using the program. They bought the program because they know the money is in the list. This is a lead generation platform.

However, not all users have had a positive experience with myleadgensecret.com. One user on Trustpilot reports having spent $60 on the program and getting up to 1200 leads, 7300 emails sent, 841 emails opened, 133 clicks, but no sales or free subscriptions. They rate the program poorly and advise others to stay away.

It is important to note that the results of using myleadgensecret.com may vary depending on several factors, including the user's niche, the quality of the leads, and the user's marketing strategies.

Conclusion

MyLeadGenSecret is a lead generation program that is designed to help individuals generate leads and make money online. The program is created by Jim Harmon, who has many years of experience in the online marketing industry. The program is a combination of an MLM and an actual lead generation business, which makes it unique compared to other lead generation programs available in the market.

The program provides its members with 100 leads per day, which can be used to generate sales and earn commissions. Members can also earn commissions by referring others to the program. The program claims to have a high success rate in turning leads into sales, which is a significant advantage for anyone who wants to make money online.

Overall, MyLeadGenSecret is a legitimate program that can help individuals generate leads and make money online. However, it is important to note that success with the program depends on various factors, including the member's ability to generate sales and referrals. Therefore, it is essential to do thorough research and understand the program's requirements before joining.

Frequently Asked Questions

What are some alternatives to myleadgensecret.com?

There are several alternatives to myleadgensecret.com, including Leadpages, ClickFunnels, and OptinMonster. These services offer similar lead generation features, but may differ in their pricing, user interface, and level of support.

What kind of support does myleadgensecret.com offer?

Myleadgensecret.com offers customer support through email and a support ticket system. The service also provides access to a private Facebook group where users can ask questions and receive support from other members of the community.

What is the Home Business Academy?

The Home Business Academy is a training program offered by myleadgensecret.com. The program provides training on various topics related to online marketing, including lead generation, email marketing, and social media marketing.

How does myleadgensecret compare to other lead generation services?

Myleadgensecret.com stands out from other lead generation services due to its low cost and high volume of leads. However, the quality of leads may vary, and some users may prefer more targeted lead generation services.

How can I contact myleadgensecret support?

Users can contact myleadgensecret support through email or by submitting a support ticket through the website. The service also provides support through its private Facebook group.

What is the Clickbank logo?

The Clickbank logo is a trademark of Clickbank, a digital marketplace that offers products and services in a variety of categories, including online marketing and lead generation. Myleadgensecret.com is an affiliate of Clickbank and offers Clickbank products as part of its lead generation service.

markethive

Tim Moseley

HOME

Commercial Mortgage Broker vs Home Loan Broker

Leave a comment

Commercial Mortgage Broker vs. Home Loan Broker

While commercial mortgage brokers (read The Role of a Commercial Mortgage Broker article) and home loan brokers share some similarities in their roles and responsibilities, there are key differences between the two professions. Both types of brokers assist real estate purchasers in finding loan products that align with their needs and budgets. However, commercial brokers specialize in arranging loans for commercial properties, which businesses or individuals purchase to generate income or for investment purposes. In contrast, a home loan broker focuses on helping individuals secure residential property loans for their primary residences.

Differences in Loan Processes

The process for determining the type of loan a buyer qualifies for differs between commercial and residential mortgage brokers. A home loan broker follows a standardized procedure, while a commercial mortgage broker must consider various factors when matching a business with a commercial funding product.

Types of Commercial Funding

There are several types of commercial financing options available to businesses, each with its unique features and requirements. We'll take a more indepth look at other options in later articles; however, some of the most common commercial funding options include:

Conventional Commercial Mortgages

These loans are provided by traditional lending institutions, such as banks and credit unions, and are typically used for purchasing or refinancing commercial real estate. Conventional commercial mortgages generally have strict eligibility criteria and require businesses to provide a substantial down payment and demonstrate strong creditworthiness.

Small Business Administration (SBA) Loans

The SBA offers various loan programs specifically designed to support small businesses in acquiring commercial financing, such as the SBA 7(a) and SBA 504 loans. These loans typically have more lenient eligibility requirements and offer favorable interest rates and repayment terms.

Commercial Bridge Loans

Commercial bridge loans are short-term financing options that provide businesses with quick access to capital for time-sensitive projects or transactions. These loans often have higher interest rates and shorter repayment terms compared to conventional commercial mortgages.

Hard Money Loans

Hard money loans are commercial funding options provided by private lenders, often catering to businesses that have difficulty securing financing through traditional channels. These loans are typically asset-based, with the property serving as collateral, and often have higher interest rates and shorter terms than conventional commercial mortgages.

Factors to Consider When Choosing a Commercial Mortgage Broker

Selecting the right commercial mortgage broker is crucial in securing the most suitable commercial funding solution for your business. Some factors to consider when choosing a broker include:

  1. Experience and expertise: Look for a broker with a proven track record in securing commercial financing for businesses similar to yours, as this demonstrates their ability to navigate the complexities of the commercial funding landscape.
  2. Industry connections: A well-connected broker can provide access to a broader range of commercial mortgage products and lenders, increasing your chances of securing the most competitive financing terms.
  3. Communication and transparency: A reliable broker should maintain open lines of communication throughout the entire process, providing regular updates and ensuring that you understand all aspects of the commercial financing process.
  4. Fees and charges: Be sure to inquire about the fees and charges associated with the broker's services, as these can vary significantly between brokers.

A commercial mortgage broker plays a vital role in guiding businesses through the complex process of securing commercial funding. By understanding the responsibilities, qualifications, and differences between commercial and residential mortgage brokers, as well as the various commercial financing options available, businesses can make informed decisions when selecting the most suitable commercial funding solution for their needs. By choosing the right broker and considering factors such as experience, expertise, industry connections, and communication, businesses can increase their chances of securing the most competitive commercial mortgage terms and foster long-term financial success.

Tim Moseley

HOME

The core message of the Federal Reserve: more rate hikes elevated for longer

Leave a comment

The core message of the Federal Reserve: more rate hikes, elevated for longer

As anticipated the Federal Reserve announced that the "committee decided to maintain the target range for the federal funds rate at 5 to 5 ¼%". However, the core message as expressed in today's statement and press conference by Chairman Powell was that its monetary policy will remain restrictive, hawkish, and most likely include two more rate hikes before the end of the year.

"It will be appropriate to cut rates at such time as inflation is coming down really significantly. And again, we're talking about a couple of years out…As anyone can see, not a single person on the committee wrote down a rate cut this year, nor do I think it is at all likely to be appropriate."

A significant component of today's message was that the purpose of maintaining (i.e., not raising rates) the Fed's benchmark rate was not to signal an end to rate hikes but rather to give Federal Reserve members time to "assess additional information and implications for its monetary policy".

Four times a year the Fed releases a summary of participants' projections through the SEP (Summary of Economic Projections). According to the Fed, this document contains "participants' projections for GDP growth, the unemployment rate, inflation, and the appropriate policy interest rate". The projections from all 18 Federal Reserve officials are expressed as individual votes and placed on the FOMC dot plot.

The dot plot released today indicates that 9 of the 18 participants are projecting Fed funds rates to be at 5.625%, two at 5.875%, and one at 6.125% by the end of 2023. The remaining six votes project rates at 5 ½% or 5% by the end of the year.

Stock indexes closed mixed with the S&P 500 gaining 0.1%, the Dow Jones industrial average falling 0.7%, and the NASDAQ composite rising 0.4%.

As of 5:31 PM EDT, Gold futures basis the most active August contract is trading lower by $2.90 or 0.15% and fixed at $1955.70. Silver futures basis the most active July contract gained $0.19 or 0.79% and is currently fixed at $24.01.

By

Gary Wagner

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter