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This is why the fiat system ‘ruins everything’ and ‘must be destroyed’ – Jimmy Song

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This is why the fiat system 'ruins everything' and 'must be destroyed' – Jimmy Song

The fiat system is responsible for not only bad financial practices and mountains of debt but also distorted incentives on personal and professional levels, according to Jimmy Song, Bitcoin Developer, Author, Educator and Entrepreneur.

In his new book, 'Fiat Ruins Everything: How Our Financial System Is Rigged and How Bitcoin Fixes It,' Song dives into the fiat system and its pitfalls.

Song makes the case that the debasement of our money is the root of many of our problems and that the system of central banking has, in a way, “enslaved” us.

Song writes, “Like a zombie master, central banks have turned every organization into its slave, and much of civilization now lives a zombie-like existence. This is the debasement you’ve been feeling your whole life, the reason why everything seems to be slowly deteriorating.”

Song maintains that fiat has ruined everything from the economy to policies to relationships to family to art.

"Fiat money and the system of central banking is allowed to put new money into existence," Song told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, on the sidelines of the Pacific Bitcoin Festival. "And the existence of somebody that can do that changes the incentives all over the place. In our personal lives, we don't have savings vehicles anymore, so that changes our behavior."

Song broke down his argument, starting with governments being in charge of printing money to prolong their stay in power.

"Governments can print money to buy votes to essentially prolong their power. That leads to a lot of distorted incentives. And at the global level, the U.S. has the ability to print the world's reserve currency. And that means it is dominant in foreign affairs," he said.

Song makes a compelling argument on how the fiat system impacts and distorts our daily lives. Watch the video above for details.

Money debasement

Inflation and currency debasement create a population that is focused on consumerism versus sound money spending, Song pointed out.

"The debasement of money causes you to want to spend it rather than save it because saving it is a lot of work. In order to keep the value that you have, you have to put a lot of time and energy into investments, savings vehicles, and maintaining those investments," he explained. "That's a lot of time, effort, and energy taken away from pursuing something more fruitful, like providing value to other people through the market process of providing goods and services."

This is how society ends up preferring short-term consumption versus long-term goals. The consequences of this could be dire, especially when it comes to civilizational progress. Watch the video above to get the full take.

Prior to the modern-day fiat currency, there was a gold standard, which served people better. However, one of its downfalls was centralization, Song added. For more details on what worked and what didn't under the gold standard, watch the video above.

Song argues for the sound money standard, noting that if Bitcoin is adopted on a large scale, it could fix the global issues the fiat system created.

"What fiat money lets you do is suspend reality. You can certainly see that with some of the zombie companies that exist today. The more money you inject, the longer they can live, even though they really should be dead," Song said. "Fiat must be destroyed to preserve civilization."

Coverage of the Pacific Bitcoin Festival is brought to you by Swan Bitcoin – Swan.com

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BeyondInfinityclub: Receive a Brand New Car by Contributing to Our Marketing Campaign

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BeyondInfinity.club: Receive a Brand New Car by Contributing to Our Marketing Campaign

 

Beyond Infinity One Year Anniversary Webinar Special – October 27, 2023 from Beyond Infinity on Vimeo.

Beyond Infinity Gold (BIG) is offering a unique opportunity for individuals to receive a brand new car when they contribute to their marketing campaign. The campaign requires a 1% contribution, with specified amounts ranging from $250 to $1,500. In return, participants have the chance to receive a car worth 100 times the value of their contribution.

Understanding the campaign is crucial for those interested in participating. The 1% contribution goes towards the development and promotion of BIG's product, which offers automatic deposits and withdrawals, as well as complete access to one's money at all times. The company is using this innovative marketing strategy to generate leads and ROI while providing an exciting incentive for potential customers.

Participation benefits include the opportunity to receive a brand new car at a fraction of the cost, as well as access to BIG's unique financial product. The campaign also highlights the role of technology and innovation in the automotive industry, as BIG uses cutting-edge marketing strategies to reach their target audience. By understanding the campaign and its benefits, individuals can make an informed decision about whether to participate and potentially receive a brand new car.

Key Takeaways

  • BIG's marketing campaign offers a unique opportunity for individuals to receive a brand new car when they contribute 1% of specified amounts to the campaign.
  • The campaign highlights the role of technology and innovation in the automotive industry, using cutting-edge marketing strategies to reach the target audience.
  • Understanding the campaign and its benefits is crucial for individuals interested in participating, as it offers the chance to receive a car at a fraction of the cost while providing access to BIG's unique financial product.

Understanding the Campaign

Beyond Infinity Club is offering a unique marketing campaign that allows members to receive a brand new car within one year of making a 1% contribution to the campaign. The campaign is designed to reward members for their support and help Beyond Infinity Club reach a wider audience.

The marketing campaign is a part of the Beyond Infinity Gold program, which offers members the opportunity to earn profit share earnings and other rewards. The program is based on a unique marketing strategy that leverages the power of social media and other online platforms to reach potential customers.

When members make a 1% contribution to the marketing campaign, they are eligible to receive a brand new car that is completely paid for and titled in their name. The value of the car is 100 times the amount of the member's contribution, which means that a contribution of $1000 would result in a car worth $100,000.

The campaign is open to all members of Beyond Infinity Club, and there is no limit to the number of contributions a member can make. Members can also earn additional rewards by referring others to the program and helping to spread the word about the campaign.

Overall, the Beyond Infinity Club marketing campaign is a unique opportunity for members to receive a brand new car while supporting a company that is committed to helping its members succeed. With its innovative marketing strategy and commitment to excellence, Beyond Infinity Club is poised to become a leader in the online marketing industry.

Participation Benefits

Beyond Infinity's marketing campaign offers a unique opportunity for members to receive a brand new car when they make a 1% marketing campaign contribution. The contribution amounts range from $250 to $1,500, and the value of the car received will be 100 times the amount of the contribution.

By participating in the campaign, members can benefit from owning a luxury vehicle that offers both impressive design and performance. The cars available through the campaign are carefully selected to ensure that they meet the highest standards of quality and luxury.

In addition to the tangible benefits of receiving a new car, participating in the campaign can also increase brand awareness and credibility. Members who contribute to the campaign are showing their support for Beyond Infinity's marketing efforts, which helps to build trust and credibility with potential customers.

Overall, the benefits of participating in Beyond Infinity's marketing campaign are clear. Members have the opportunity to receive a luxury vehicle while also supporting the company's marketing efforts and increasing their own brand awareness and credibility.

The Role of Technology and Innovation

In today's digital age, technology and innovation play a crucial role in marketing campaigns. The use of video, digital marketing, and online advertising has become increasingly popular in recent years. Companies are leveraging these tools to reach their target audience more effectively and efficiently.

One of the key benefits of technology and innovation in marketing is the ability to personalize content. With the help of data analytics, companies can gather information about their customers' preferences and behaviors. This data can then be used to create personalized content that resonates with the audience. This approach has proven to be more effective than generic content that is not tailored to specific individuals.

In addition to personalization, technology and innovation have also revolutionized the way companies communicate with their customers. Websites, newsletters, and social media platforms have become essential tools for companies to interact with their customers. These platforms allow companies to provide valuable information, updates, and promotions to their customers in real-time.

The use of technology and innovation has also enabled companies to measure the effectiveness of their marketing campaigns more accurately. With the help of analytics tools, companies can track the performance of their campaigns, identify areas for improvement, and make data-driven decisions.

In conclusion, technology and innovation have become critical components of marketing campaigns. Companies that leverage these tools effectively can create personalized content, communicate with their customers more effectively, and measure the effectiveness of their campaigns more accurately. As a result, companies can increase their ROI and achieve their marketing goals more efficiently.

Automotive Industry and Market Trends

The automotive industry is constantly evolving, and it is important for companies to stay up-to-date with industry trends to remain competitive. Marketing campaigns, like the one offered by beyondinfinity.club, are a way for companies to not only generate interest in their brand, but also to stay current with the latest automotive marketing trends.

According to a report by Deloitte, the global automotive industry is expected to experience moderate growth in the coming years. The report suggests that the industry will continue to shift towards electric vehicles (EVs) and autonomous driving technology. In addition, there is expected to be an increase in demand for shared mobility services.

In terms of U.S. sales, the automotive industry is projected to return to pre-pandemic levels with growth forecast around 9%, according to Porch Group Media. The report also predicts growth in the EV and Hybrid sector, which is expected to grow 29% from 2022 to 2023.

Automotive marketing is also evolving, with a greater emphasis on digital marketing and customer engagement. As reported by Affinitiv, the push for further digitalization is redefining sales and service strategies. Dealers are increasingly incorporating digital tools, such as chatbots and virtual reality, to enhance the customer experience and improve sales.

In automotive news, Ford Motor Company's Q3 2023 U.S. Market Performance was analyzed by Cox Automotive. The impact of the UAW strike against the Detroit automakers was the focus of Ford's third-quarter financial results. However, Wall Street analysts were looking ahead, beyond the strike, to assess Ford's future growth prospects.

Overall, it is clear that the automotive industry is undergoing significant changes. Companies that are able to adapt to these changes and stay current with industry trends are more likely to succeed in the long run.

Key Players and Influencers

When it comes to marketing campaigns, key players and influencers can make or break the success of the campaign. In the case of the Beyond Infinity Club's campaign, there are a few entities that stand out as potential key players and influencers.

Infiniti

As the brand offering the grand prize of a brand new Infiniti car, Infiniti is a key player in this campaign. Their involvement in the campaign can lend credibility and prestige to the promotion, which can help attract more contributors.

Social Media

Social media channels such as Facebook, Twitter, and Instagram can be powerful influencers in marketing campaigns. By leveraging these platforms, Beyond Infinity Club can reach a wider audience and generate buzz around their promotion. With the right social media strategy, the campaign can go viral and reach millions of potential contributors.

Celebrities

Celebrities can be influential in marketing campaigns, especially when they have a large social media following. By partnering with a celebrity who aligns with the values and goals of the campaign, Beyond Infinity Club can tap into their fan base and attract more contributors.

Influencers

In addition to celebrities, social media influencers can also be powerful in marketing campaigns. These individuals have a loyal following on social media and can help spread the word about the campaign to their followers. By partnering with influencers who have a passion for cars or the cause behind the campaign, Beyond Infinity Club can generate more interest and contributions.

Ford, Porsche, Toyota

While Infiniti is the brand offering the grand prize, other car brands such as Ford, Porsche, and Toyota can also be influential in the campaign. By partnering with these brands, Beyond Infinity Club can tap into their loyal customer base and generate more interest in the promotion. Additionally, these brands can provide valuable resources and expertise that can help make the campaign a success.

Overall, the success of Beyond Infinity Club's marketing campaign will depend on the involvement of key players and influencers. By leveraging the right entities and developing a strong marketing strategy, the campaign can attract more contributors and generate buzz around the cause.

Target Audience and Demographics

The marketing campaign launched by beyondinfinity.club to give away a brand new car is targeted towards a specific audience. Understanding the demographics of the target audience is crucial to the success of the campaign.

The target audience for this campaign is likely to be individuals who are interested in cars and are in the market for a new vehicle. They may also be interested in contributing to a good cause. Therefore, the campaign is likely to appeal to individuals who are socially conscious and want to make a difference.

Demographic data can also provide valuable insights into the target audience. For example, the age, gender, income level, and location of the target audience can help the campaign organizers tailor their messaging and outreach efforts.

Customer data can also be used to identify the target audience. By analyzing past customer behavior and preferences, the campaign organizers can determine the characteristics of their ideal customer. This information can then be used to create targeted marketing campaigns that resonate with the target audience.

Overall, understanding the target audience and their demographics is critical to the success of any marketing campaign. By tailoring their messaging and outreach efforts to the target audience, the campaign organizers can increase their chances of success.

Search Engine Marketing Strategies

Search Engine Marketing (SEM) is a crucial part of any marketing campaign. It is a highly effective way to drive traffic to your website and increase brand awareness. SEM involves placing ads on search engine results pages (SERPs) to target users who are actively searching for products or services related to your business.

One of the most important aspects of SEM is keyword research. This involves identifying the keywords and phrases that your target audience is searching for and then incorporating them into your ad copy. Google Ads offers a Keyword Planner tool that can help you find relevant keywords and estimate their search volume.

Negative keywords are also an important part of SEM. These are keywords that you don't want your ads to show up for. For example, if you're selling new cars, you might want to exclude keywords like "used cars" or "car rentals" to ensure that your ads are only shown to users who are interested in buying a new car.

Another important tool for SEM is the search query report. This report shows you the actual search terms that users are typing in when they see and click on your ads. By analyzing this data, you can identify new keywords to target and negative keywords to exclude.

Competitor keywords are also an important consideration in SEM. By researching your competitors' ads and website content, you can identify the keywords and phrases that they are targeting and incorporate them into your own ad copy.

Finally, ad copy is a crucial element of SEM. Your ad copy should be clear, concise, and compelling. It should include your target keywords and a strong call-to-action to encourage users to click through to your website.

Overall, a well-executed SEM strategy can be a powerful way to drive traffic to your website and increase brand awareness. By focusing on keyword research, negative keywords, search query reports, competitor keywords, and ad copy, you can create effective ads that target users who are actively searching for products or services related to your business.

Generating Leads and ROI

BeyondInfinity.club has come up with an exciting marketing campaign where contributors have the chance to receive a brand new car. However, to make this campaign a success, generating leads and ROI is crucial.

The first step in generating leads is to identify the target audience. BeyondInfinity.club needs to identify the people who are most likely to contribute to the campaign and purchase their products. Once the target audience is identified, the next step is to create a compelling message that resonates with them. The message should highlight the benefits of contributing to the campaign and how it can positively impact their lives.

To generate leads, BeyondInfinity.club can use various channels such as social media, email marketing, and phone calls. Social media is an excellent platform to reach a large audience quickly. The company can create engaging posts, run ads, and use influencers to promote the campaign. Email marketing is another effective way to generate leads. The company can send personalized emails to potential contributors, highlighting the benefits of the campaign. Phone calls are also an effective way to generate leads. The company can call potential contributors and provide them with more information about the campaign.

Once leads are generated, the next step is to convert them into customers. BeyondInfinity.club needs to have a well-designed sales funnel that guides the leads towards making a purchase. The sales funnel should be optimized to maximize conversions and minimize drop-offs.

ROI is a crucial metric that determines the success of the campaign. To calculate ROI, BeyondInfinity.club needs to subtract the cost of the campaign from the revenue generated. The revenue generated should include not only the contributions but also the sales of their products. By tracking ROI, the company can identify which marketing channels are generating the most revenue and optimize their marketing efforts accordingly.

In conclusion, generating leads and ROI is crucial for the success of BeyondInfinity.club's marketing campaign. By identifying the target audience, creating a compelling message, and using various marketing channels, the company can generate leads and convert them into customers. By tracking ROI, the company can optimize their marketing efforts and maximize revenue.

Accessories and Additional Features

BeyondInfinity.club is not just offering a brand new car, but also a range of accessories and additional features to make the driving experience even more enjoyable. The car comes with a sleek and modern design, with a range of colors to choose from to suit individual preferences.

For those who love sports, the car comes with a sports package that includes performance-enhancing features such as a sport-tuned suspension and high-performance brakes. This package also includes sporty exterior accents and a sport steering wheel to enhance the driving experience.

In addition to the sports package, BeyondInfinity.club offers a range of accessories to customize the car to individual preferences. These include personalized floor mats, custom seat covers, and a variety of exterior accessories such as spoilers, body kits, and wheel upgrades.

For those who value creativity and storytelling, the car also comes with a built-in infotainment system that includes a touch screen display, Bluetooth connectivity, and a premium sound system. This system also includes a range of apps and features to keep drivers connected and entertained on the road.

Overall, BeyondInfinity.club offers a range of accessories and additional features to enhance the driving experience and allow customers to customize their new car to fit their individual preferences. With a focus on design, sports, creativity, and storytelling, BeyondInfinity.club is confident that customers will be satisfied with their new car and the range of features that come with it.

Conclusion

In conclusion, Beyond Infinity offers an innovative compensation plan that rewards its members with a brand new car when they contribute to the marketing campaign. By making a 1% marketing campaign contribution, members can receive a vehicle worth 100 times the amount of their contribution.

This marketing campaign is an excellent opportunity for those looking to invest in a new car while also supporting a good cause. Beyond Infinity's compensation plan is designed to benefit both the members and the organization, ensuring that everyone involved can reap the rewards.

Overall, Beyond Infinity's marketing campaign is a unique and exciting way to invest in a new car while also supporting a worthy cause. With its innovative compensation plan, members can feel confident that their contributions are making a real difference while also receiving a valuable reward for their efforts.

Frequently Asked Questions

How can I contribute to the marketing campaign on beyondinfinity.club?

To contribute to the marketing campaign on beyondinfinity.club, you can visit their website and follow the instructions to make a contribution. The website offers various contribution options, and you can choose the one that suits you the best.

What are the requirements to be eligible for the brand new car?

To be eligible for the brand new car, you need to make a contribution to the marketing campaign on beyondinfinity.club. The contribution amount varies depending on the contribution option you choose. Once you make a contribution, you will automatically be entered into the draw to win the brand new car.

When will the winner of the brand new car be announced?

The winner of the brand new car will be announced on the website of beyondinfinity.club. The exact date of the announcement will be communicated on the website, and the winner will also be notified via email or phone.

Is there a limit to the number of entries for the marketing campaign?

No, there is no limit to the number of entries for the marketing campaign. You can make as many contributions as you want to increase your chances of winning the brand new car.

What brand and model is the brand new car?

The brand and model of the brand new car is not specified on the website. However, it is mentioned that the car is a brand new, top-of-the-line model from a well-known brand.

Who is sponsoring the marketing campaign on beyondinfinity.club?

The sponsor of the marketing campaign on beyondinfinity.club is not mentioned on the website. However, it is mentioned that the campaign is being conducted to promote a new product launch.

Tim Moseley

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Gold continues to shine as rising debt could cause bond yields to become unanchored – Sprott’s McIntyre

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Gold continues to shine as rising debt could cause bond yields to become unanchored – Sprott's McIntyre

There is no question that geopolitical uncertainty caused by chaos in the Middle East was the spark that ignited safe-have demand for gold and drove prices up from their seven-month lows; however, there is another factor at play in the marketplace that is helping to support prices at $2,000 an ounce, according to one portfolio manager.

In an interview with Kitco News, Ryan McIntyre, managing partner at Sprott Inc., said that the potential for a credit risk event is also providing solid safe-haven demand for gold and could help propel prices well above $2,000 an ounce.

McIntyre's bullish outlook on gold comes as the precious metal has held its ground, holding initial support this week above $1,950 an ounce even as bond yields remain in striking distance to 5%, their highest level in 16 years.

McIntyre said that one of the reasons why gold's negative correlation to bond yields is breaking down is because more and more investors are becoming worried about the U.S. government's fiscal outlook and the growing debt, which has surpassed $33 trillion.

However, McIntyre added that this is more than just the size of U.S. government debt.

"The most frightening thing for me is the deficit. I am more focused on the trajectory of where things are going," he said. "The rising deficit means the U.S. is not getting its finances in check."

McIntyre also noted that elevated gold prices reflect the growing risk that the U.S. economy faces a potential debt spiral as higher interest rates reflect higher borrowing costs, which precipitates the need for more capital.

He said that he thinks the U.S. is experiencing a slower version of what happened last October when the U.K. bond market was roiled after then-Prime Minster Elizabeth Truss proposed substantial tax cuts to be paid for with higher deficits. The turmoil in British financial markets cost Trust her job as Prime Minister.

One reason why markets are now focusing on the U.S.' growing debt is because of the sharp rise in interest rates. With the Fed Funds rates between 5.25% and 5.50%, the U.S. government is now spending more money servicing its $33 trillion debt than it spends on national defense.

At the same time, McIntyre also noted that along with the Fed's aggressive rate hikes, it has reduced its balance sheet, significantly reducing M2 money supply, the amount of money held by the public.

  Traders wait to see if gold can break $2,000 after the Fed holds rates steady

"Because the supply of money is decreasing, asset values are inherently decreasing. You now need more assets to support your credit requirements at higher levels. This is the last thing you absolutely want because it can quickly spiral out of control," he said. "I think this is why investors are turning to gold because they see a stable asset. There is only one safe-haven asset out there if you don't just want U.S. government bonds: that is gold."

While the Federal Reserve remains primarily focused on inflation, McIntyre said they need to be aware of the potential risk that bond yields could become unanchored to monetary policy.

While it may be a little early, the scenario that McIntyre is looking for is where the Federal Reserve maintains its hawkish stance but starts buying bonds, to keep yields in line. He added that the same time, increasing M2 money supply would also help ease market tensions.

However, McIntyre added that the Fed is in a difficult position. Because of rising deficits, the Fed can be seen increasing its balance sheet too much.

"Maybe in the short term, it will have the desired effect. But I think it will make people more nervous. And that's the problem when you lose control," he said. "With all this uncertainty, I think gold will continue to do well and remain in an uptrend until the government can get its spending under control, which isn't likely to happen anytime soon."

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold bulls on parade SampP setup for a black Monday?

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Gold bulls on parade, S&P setup for a black Monday?

Monday, I wrote that my base case for the S&P is that prices are headed to the 200-week average. The breach of the trendline is turning out to be significant; we can’t tell the future, but we can let the trendline be a guide.

Even now, prior to prices getting to the 200-week moving average (if they even do), I am anticipating the flip to the long side. My feeling is that time will coincide with despondent sentiment. But I don’t think we are there yet, and the last few days of panic can be brutal (as gold bugs may know).

Beyond the bullish stance I have maintained on stacking gold, on Tuesday, I suggested a trade to short Bitcoin and long gold, citing the XAU/BTC ratio as a basis; that trade is playing out. As I write, gold is hitting the 2k spot, up $35+ from Tuesday morning. Below is a 2-hour chart; regular readers should be more than familiar with triangles breaking to the upside…

Bitcoin trades around $33,500 right now, down from $35,000 Tuesday morning. Still, as I also wrote Tuesday, I remain bullish on Bitcoin in the longer term and would be looking to close the short and add to a stack at around 31800, still as the base case.

By

Jonathan Da Silva

Contributing to kitco.com

Time to Buy Gold and Silver

Tim Moseley

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Bitcoin price is up 100 year-to-date Gareth Soloway charts the next level for Bitcoin

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Bitcoin price is up 100% year-to-date, Gareth Soloway charts the next level for Bitcoin

Bitcoin is up more than 100% year-to-date and 30% in the last two weeks, reigniting bullish sentiment. Gareth Soloway, Chief Market Strategist at InTheMoneyStocks.com and President of VerifiedInvesting.com, charts how far this recent rally can go.

Bitcoin hit a 17-month high of above $35,000 this week on optimism that a spot Bitcoin ETF will be approved within the next 4 months. At the time of writing, Bitcoin was trading at $33,981, down 2% on the day.

Bitcoin has been moving higher on spot Bitcoin ETF news, but once that approval officially comes through, that may trigger a sell off or a pause in the price, with some profits being taken off the table, Soloway told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

"You'll probably get approval by year-end or early in 2024. If Bitcoin is still up here, you may not go higher," Soloway warned. "It may be already factoring in the approval. It's very possible it could be a sell on the news."

At one point last week, Bitcoin surged 10% on a false report that BlackRock's iShares Bitcoin ETF application was approved by the Securities and Exchange Commission (SEC). There have also been several comments that a spot Bitcoin ETF approval could come as early as the end of this year.

The maximum upside for Bitcoin in this bull run is $47,000, according to Soloway, stating that may be the next resistance level.

"Many of these ETF institutions have probably been accumulating for the last couple of months, knowing that eventually an approval will come. And so, there may not be as many buyers for the spot ETF," he described.

Bitcoin at $15k?

Going into 2024, Soloway is projecting a recession and a potential stock market selloff of 35%. He is also not taking off the table his previous call that Bitcoin could drop to the $15,000 level.

"What happens if the stock market goes down 35%? Fear and panic will take over, even in Bitcoin holders. Remember, there are a lot of people who hold Bitcoin that also have big stock portfolios. And if I'm down huge at some point, do I start to panic and start selling everything? That's the worry that could drive us back to $15,000 or even lower," Soloway described.

To find out what Soloway sees as the floor price for Bitcoin, watch the video above. Soloway also gives his long-term 2026 outlook.

Surging yields & unsustainable debt to trigger bank collapses

Soloway's macro outlook is gloomy, with credit card debt already at all-time highs and interest rates more than doubling to 25% this year.

"The consumer is being tapped, the government and our debt is in a position where it's unsustainable. And then you have this push where yields are going up, which will eventually cause banks to collapse," he warned.

Recession will be inevitable in the first quarter of 2024, Soloway added, with the banking sector looking very risky. A lot of financial institutions are "essentially zombie banks now," carrying "dead paper on their balance sheet," he said.

Gold is an outstanding asset

Soloway is bullish on gold, stating that a new all-time high is coming. "It's always about listening to the smarter money [central banks], and they're the ones that literally see the dollars and cents being printed, and they're the ones printing it. If they're loading the boat on gold, then it probably says we need to do the same," he said.

For Soloway's 2024 gold price prediction, watch the video above. He also revealed three key trading bets for next year. Watch the video above for details.

This interview is brought to you by Swan Bitcoin. Swan IRA – Start Saving Now

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Anna Golubova

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Unleashing the Power of Force Multipliers: How Markethive Amplifies Your Business Success

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Unleashing the Power of Force Multipliers: How Markethive Amplifies Your Business Success

Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.

The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.

The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.

Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival.

What Are Force Multipliers In The Online World?

In the digital realm, force multipliers refer to the various methods, techniques, technologies, and resources that can significantly enhance your business's competitiveness and give you an edge over your rivals. These force multipliers can help amplify your online presence, streamline operations, and ultimately drive success in the digital marketplace.

Utilizing force multipliers has enabled many entrepreneurs to experience rapid and substantial growth, leading to outcomes that would have been unattainable through other means. By leveraging these tools, you can rapidly scale your efforts and unlock opportunities that otherwise remain out of reach.

Combining these elements creates a powerful effect and dramatically enhances the outcomes for the company, its clients, and the overall economy. By leveraging its strengths, a smaller entity can gain an unfair advantage over a larger, more established competitor with a similar business model, creating a force multiplier effect.

The military interpretation mentioned earlier emphasizes the importance of enhancing capability. Markethive, on the other hand, prioritizes the addition of processes as we aim for the combined marketing elements to unite and surpass the overall marketing endeavor synergistically. Unlike in many other institutions, force multipliers typically serve to optimize store operations or manufacturing productivity.

Marketing force multipliers stem from strategic and procedural innovations that enable businesses to adapt to the rapidly transforming landscape. Outdated linear approaches are no longer practical in today's dynamic market, where retailers and brands must respond to changing consumer behaviors and technological advancements. By embracing new strategies, marketing teams can capitalize on the explosive potential of force multipliers, allowing them to stay ahead of the curve and achieve tremendous success.

Any company seeking expansion must discover its unique Force Multiplier. The hurdle is determining which specific factors will boost your business's growth.

The marketplace is in a state of constant flux, with no shortage of influences impacting it. This highlights the importance of recognizing the factors that can amplify the growth of your brands. These factors must be identified and nurtured. Listed below are Markethive’s force multipliers, which are crucial for online businesses. 


Image: Markethive.com

Force Multipliers In The Digital Realm 

Sharing Info And Content On Social Networks

The speed and interactivity of sharing information and content on social networks is an essential tool for Markethive entrepreneurs. The diverse range of social media platforms available allows for extensive reach and connectivity. These platforms work harmoniously with the Markethive social media platform, enabling a tailored, individualized, interactive collaboration experience.

User-generated Content Attracting Feedback and Reviews

Entrepreneurs can benefit from the immediate sharing of user-generated content, but they must also be prepared to handle feedback and ratings from online users. While this can be a powerful tool for growth, it can also be detrimental if the entrepreneur is not receptive or dismissive of their customers' opinions. To effectively manage online feedback, being attentive and understanding of one's audience is crucial.

Fostering Advocacy: A Key to Success

Advocates should be nurtured. It is vital to cultivate advocates as they serve as an invaluable asset. They are passionate supporters and allies who strongly believe in your brand, cause, or product. These individuals willingly put in the effort without compensation. They become influential figures who can sway the opinions of undecided individuals. They engage in conversations with others and act as a catalyst in building customer loyalty and involvement.

Real-time Situational Awareness and Strategic Network Connectivity 

By leveraging a robust network of connected individuals and groups, your business can stay ahead of the curve and respond promptly to evolving market trends. With the right people and information in place, you'll be empowered to make informed decisions quickly, giving you a competitive edge. 

This proactive approach is a potent force multiplier that enhances your company's situation awareness in real-time, allowing you to stay adaptable and responsive in an ever-changing landscape. This strategic networking capability is an indispensable component of your marketing strategy, enabling you to stay ahead of the competition and achieve long-term success.

Harnessing the Power of Predictive Insights

The ability to forecast forthcoming changes holds immense potential, yet many organizations still need to catch up to adopt data-driven strategies. While some industries, such as law enforcement and healthcare, have embraced predictive analytics to anticipate security concerns and resource needs, many companies still need to utilize this powerful tool. By harnessing the capabilities of predictive intelligence, organizations can gain invaluable insights to preempt changes and stay ahead of the curve.

A network must capitalize on emerging trends and directions. Predictive analytics, such as analytics for anticipating short-term and long-term change, is a powerful tool to recognize trends and requirements at all times. It embodies a culture of innovation.

Storefronts and Campaigns

At Markethive, we offer powerful tools to help entrepreneurs amplify their reach and impact. Our storefronts and associated marketing campaigns are designed to work together seamlessly, providing a force multiplier effect that helps businesses grow and thrive. Additionally, we have integrated broadcasting capabilities that allow group administrators to easily share information with the entire group's social network, further expanding the reach of your message.

The blogging platform is designed to streamline team collaboration and provide comprehensive management reports for administrators. These reports offer visibility into individual team members' activities, including blog posting, autoresponder creation, capture page development, news feed posting, ad management, and new member sponsorship. Additionally, the system features a group rotator that showcases the collective traffic generated by the team and a cooperative mechanism for raising funds and shares to support group advertising campaigns.

Blockchain Technology

Blockchain and smart contracts offer a pivotal advantage by amplifying the impact of crowdsourcing. These innovative methods provide a cost-effective way to incentivize and reward individuals contributing to crowdsourcing initiatives. Entrepreneurs can bypass traditional sources such as professional investors and venture capitalists by obtaining funding directly from the crowd. This enables them to finance the development of new platforms that cater to users' requirements. The Incentivized Loan Program (ILP) serves as a prime illustration of this concept.


Image source: Gotco.in

Cryptocurrency

Users are rewarded with cryptocurrency micropayments for participating in various activities just using the systems on the platform. It creates a fun, engaging, rewarding, and profitable experience. This approach also utilizes gamification elements, with loyalty and bounty programs, to incentivize users and make their engagement even more valuable. The result is a dynamic that amplifies the impact of users' efforts and transforms how they interact with the platform.

Markethive’s Hivecoin (HVC) is alive and well on the official Hivecoin mainnet faucet. Increase your HVC portfolio by visiting the Hivecoin Faucet website daily to receive your free crypto. You just need to paste your Markethive wallet address in the bar, fill in the capture, and claim. You’ll receive 0.00001 HVC in usually a few minutes, up to 3 days. Also, be sure to bookmark the site and visit it daily to accumulate your HVC. This is a powerful force multiplier that increases the transactional activity required to meet exchange protocols. 

Amplify Your Reach with Force Multipliers

It is essential to utilize force multipliers to achieve expansion. Suppose you solely focus on targeting one customer, market, or partnership at a time. In that case, your growth will be limited, and you won't be able to compete effectively, especially against larger competitors with a well-established market presence. By employing force multipliers, you can accelerate your growth, increase scalability, and capitalize on opportunities that would otherwise be out of reach.

Constantly seeking ways to enhance productivity is crucial for businesses and marketers. Given our limited resources and time, it's essential to identify the most effective multipliers for each element to optimize results.


Infographic: Markethive.com

Markethive: What’s In A Name? 

The term "market" encompasses a comprehensive collection of effective inbound marketing resources, such as automated email responders, social media broadcasting tools, landing pages, blogging platforms, search engine optimization tools, lead management systems, and analytics.

The term "hive" refers to the social network present in the system. It is an innovative form of social network known as a Social Neural Network. This concept of a "Hive" offers unparalleled potential for campaigns to capitalize on the network effect, with effortless management and unbridled impact.

Irrespective of your motivation level, Markethive will enhance your schedule, expand your outreach, and create a larger and more impactful sphere of influence than any other platform has ever tried to achieve.

Markethive is an innovative platform that fuses the features of LinkedIn, Facebook, Marketo, and Fiverr, all while utilizing the cutting-edge technology of Blockchain. By doing so, it offers a comprehensive set of Inbound Marketing tools seamlessly integrated into a user-friendly social network. And the best part? It's free to join and even rewards you for participating!

Within Markethive, a thriving cottage industry has given rise to numerous independent businesses as the Markethive entrepreneurs capitalize on the opportunities presented by the platform. Markethive's money machines, such as the Banner Impressions Exchange (BIX), empower associates to harness the system's potential and achieve financial success.

Markethive is in the throes of incorporating more revenue-generating components, such as the E1 Exchange and Promocode. Additional components, referred to as hubs and portals, will be integrated in due course. They are diverse in nature and can also be considered force multipliers, amplifying earning potential.

Just like any other platform, upgrades offer additional features, such as the Entrepreneur One Upgrade, with more entry-level upgrades coming, like the Premium Upgrade launching soon. As a free member, you'll have access to various essential tools for inbound marketing. Plus, you'll be in our thriving social network and even earn crypto rewards, such as micropayments in Hivecoin for your activity on the platform, once you refer three friends or colleagues to join markethive. This article explains more about the referral program. 

We have here the world's first entrepreneur business person's social network, with the entire system offered predominantly for free to the worldwide entrepreneurs market. With the integration of the new streamlined dashboard and various newsfeeds currently in development, the complete system is next-level, clean, and intuitive, delivering every function and aspect available, fitting for the entrepreneur, business, and corporation. 

It encompasses a diverse range of entities, from small, local businesses to global corporations, including cottage industries, real estate and mortgage agencies, insurance providers, affiliate marketers, software developers, musicians, religious organizations, political parties and candidates, distributors, network marketers, innovators, and visionaries.

Cut expenses, boost profits, and expand your online presence with Markethive. This powerful platform allows you to amplify your reach, grow your audience, and increase your revenue stream without breaking the bank. There is no need for expensive internet marketing costs but an increasing need for a more efficient and effective way to achieve brand and financial success and sovereignty in the parallel economy. Markethive is the ultimate Social Market Broadcasting Network and the home of technology-driven Force Multipliers. 

May the force be with you. 

 

 

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.

 

 

 

 

Tim Moseley

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Modest price gains for gold as bulls still have strength

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Modest price gains for gold as bulls still have strength

Gold prices are mildly higher and silver mildly lower in midday U.S. trading Wednesday. Chart consolidation is the feature in both metals this week, but the bulls still hold the upper technical hand at present. December gold was last up $5.10 at $1,991.90. December silver was last down $0.111 at $23.005.

Trader and investor attention is no longer keenly fixated on the Israel-Hamas war. That means more normal market factors are in play. Today, the precious metals markets are seeing buying interest limited due to this week’s rally in the U.S. dollar index and an uptick in U.S. Treasury yields at mid-week.

  Gold prices consolidating just below $2,000, caught between opposing forces

The key outside markets today see the U.S. dollar index slightly higher after solid gains Tuesday. Nymex crude oil prices are higher and trading around $85.00 a barrel. The yield on the benchmark U.S. Treasury 10-year note yield is presently fetching 4.914%.

Technically, December gold futures bulls have the overall near-term technical advantage. Prices are in an uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the October high of $2,009.20. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,920.00. First resistance is seen at $2,000.00 and then at $2,009.20. First support is seen at today’s low of $1,973.60 and then at this week’s low of $1,964.60. Wyckoff's Market Rating: 6.0

December silver futures bulls have the overall near-term technical advantage. Prices are still in an uptrend on the daily bar chart but bulls need to show fresh power soon to keep it alive. Silver bulls' next upside price objective is closing prices above solid technical resistance at $24.05. The next downside price objective for the bears is closing prices below solid support at $21.60. First resistance is seen at this week’s high of $23.505 and then at last week’s high of $23.88. Next support is seen at today’s low of $22.69 and then at $22.50. Wyckoff's Market Rating: 6.0.

December N.Y. copper closed down 245 points at 359.95 cents today. Prices closed near the session low today. The copper bears have the solid overall near-term technical advantage. Prices are in a choppy, three-month-old downtrend on the daily bar chart. Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 378.60 cents. The next downside price objective for the bears is closing prices below solid technical support at 340.00 cents. First resistance is seen at today’s high of 364.90 cents and then at 367.45 cents. First support is seen at Tuesday’s low of 356.25 cents and then at this week’s low of 351.95 cents. Wyckoff's Market Rating: 2.0.

By

Jim Wyckoff

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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Gold prices pull back as Middle East tensions ease silver maintains bullish bias – DailyFX’s Snow

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Gold prices pull back as Middle East tensions ease, silver maintains bullish bias – DailyFX's Snow

Gold prices have come off their recent highs due to successful diplomatic efforts which have allowed for a near-term de-escalation in the Middle East, according to Richard Snow, Strategist at DailyFX.

In his analysis, Snow noted the recent agreement that will see aid flowing to the civilian population in Gaza after two Israeli hostages were released. “This and other ongoing conversations could result in a momentary respite in what has otherwise been a frantic war with the potential to spillover into a regional conflict,” he wrote.

Snow said he believes that the gold market has taken this an opportunity to take some risk off the table and reassess the next move. “Panic buying of the safe haven metal led gold higher, only showing a loss of momentum around the $1985 level,” he wrote.

The 30-day expected gold volatility index (GVZ) has escalated towards levels not seen since the collapse of SVB amidst the regional banking turmoil earlier this year. “Such a surge in expected volatility suggests gold is likely to remain well supported as GVZ tends to rise more when gold prices accelerate,” he said.

Silver has risen as well, Snow noted, but not to the same degree as the safe-haven yellow metal.

“XAG/USD rose and breached the 200-day simple moving average, posting a close marginally above the line,” he wrote. “The long upper wick provided the first clue of waning bullish momentum and since then, silver has been on the decline.”

Snow pointed out that the temporary reprieve highlights the 38.2% Fibonacci retracement of the 2021 to 2022 major move around 22.35. “However, the bullish bias remains intact, with a return to 23.20 not out of the question and even a possible advance towards the 50% Fibonacci level as a guideline,” he wrote.

By

Ernest Hoffman

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

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In terms of online advertising what are the advanced techniques and tools used to optimize ad campaigns for maximum return on investment?

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In terms of online advertising, what are the advanced techniques and tools used to optimize ad campaigns for maximum return on investment?

ads

One possible reason for a high click-through rate (CTR) but low conversion rate in an online ad campaign is a poorly designed landing page or a disconnect between what is shown in the ad and what is presented on the landing page.[1] If the ad promises one thing, but the landing page doesn't deliver it, visitors may quickly leave without converting.

Other possible reasons include targeting the wrong audience, over-promising in the ad, not optimizing the ad for the right keywords, or having a complicated conversion process that discourages users. [1][2]

To determine the specific issue with the ad campaign, it might be helpful to analyze the data and identify where users are dropping off in the conversion process. [2] Once the issue is identified, steps can be taken to improve the ad campaign and increase the conversion rate.

ecosystem for entrepreneurs

Sources:
https://databox.com/high-ctr-low-conversion-rate-causes

https://www.wordstream.com/blog/ws/2022/08/02/high-ctr-low-conversion

When it comes to optimizing online ad campaigns for maximum return on investment (ROI), there are several advanced techniques and tools available. Here are some strategies to consider:

Targeting and segmentation: Instead of casting a broad net, implementing precise targeting and segmentation allows you to reach a highly relevant audience. By narrowing down your target audience based on demographics, interests, and behavior, you can optimize your ad campaigns for better performance and higher ROI1.

A/B testing: Testing different variations of your ad campaigns can help identify the most effective elements. By testing different headlines, ad copy, visuals, and call-to-action buttons, you can optimize your campaigns based on real-time data and insights2.

ecosystem for entrepreneurs

Conversion tracking and analytics: Implementing conversion tracking tools and analytics platforms enables you to measure the success of your ad campaigns. By tracking conversions and analyzing data, you can identify which campaigns are generating the highest ROI and make data-driven decisions to optimize your future ad spend3.

Remarketing: Utilizing remarketing techniques allows you to target users who have already shown interest in your products or services. By displaying ads to users who have previously visited your website or interacted with your brand, you can increase the chances of conversions and improve your ROI4.

Bid management and optimization: Advanced bidding strategies and tools can help optimize your ad spend for maximum ROI. Implementing strategies such as automated bidding, bid adjustments based on device or location, and utilizing bid management tools can help ensure that you are bidding efficiently and getting the most out of your budget5.

Ad fraud prevention: Ad fraud can significantly impact the ROI of your campaigns. Implementing ad fraud prevention tools and ensuring that your ads are being displayed to real, engaged users can help maximize your ROI by avoiding wasted ad impressions and clicks6.

It's important to note that the effectiveness of these techniques and tools may vary depending on your specific industry, target audience, and campaign objectives. Continuously monitoring and optimizing your campaigns based on data and performance metrics is key to maximizing your return on investment.

Sources:
Nielsen. How to Maximize Marketing ROI at Every Budget Size ↩

HubSpot. A/B Testing ↩

Google Analytics. Track your goals with conversions ↩

Google Ads. Remarketing ↩

Google Ads. Bid simulator and adjusting bids ↩

IAB. Ad Fraud ↩

 

Tim Moseley

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Another one bites the dust: gold price hits a record high against Aussi dollar

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Another one bites the dust: gold price hits a record high against Aussi dollar

The gold market continues to attract attention as prices push back to $2,000 an ounce, with many analysts now saying that the precious metal could be on its way to all-time highs.

However, as a global monetary metal, gold has already hit all-time highs in some currencies this year, with the latest being the Australian dollar, rallying briefly to A$3,159. Reflecting the broader market, gold has been pushing higher against the Aussie dollar as Israel’s war with Hamas continues to create significant chaos in the Middle East.

“The conflict between Israel and Palestine over the Gaza Strip is still deteriorating, prompting the flight to gold,” said Dr. Sandra Close, a director for Melbourne-based gold consultants Surbiton Associates. “Time and again, gold has proved to be an important safe haven during times of international conflict and uncertainty.”

Analysts note that gold’s all-time high will provide solid support for Australia’s gold mining sector. The country is the world’s third top gold producer.

In a report published last month, Surbiton said that Australian miners produced 80 tonnes of gold in the third quarter, an increase of eight tonnes, or 11%, from the second quarter.

“The gold output for the 2022/2023 financial year totaled around 306 tonnes, some 10 tonnes, or nine percent, lower than in the previous financial year,” Surbiton said in the report.

Close noted that better weather through Australia’s winter months allowed gold producers to process higher-grade ore. She added that at current prices, the sector is worth around $30 billion.

The Australian dollar is just the latest currency to lose value against gold.

The precious metal continues to hit fresh new highs against the Japanese yen on a daily basis. One ounce of gold is now worth ¥296,735.90.

Gold is also trading at record highs against the Chinese yuan at CNY14,488.70 an ounce.

Gold has seen significant Asian demand in recent weeks. Analysts note that Japanese investors want to protect their purchasing power as the yen has seen substantial weakness in global currency markets.

At the same time, Chinese investors are turning to the yellow metal to protect themselves from a slowing economy.

In a recent interview with Kitco News, market strategists at the World Gold Council said that global investors should monitor these growing trends in these two Asian Markets.

  Gold prices ending the week around $2,000 as geopolitical uncertainty overshadows rising bond yields

“I think what is driving gold demand in Asia is global geopolitical risks and capital flight being triggered by the prospect of a weak Chinese economy,“ said John Reade, chief market strategist at the WGC.

“Many Chinese investors have built massive real estate positions in their portfolios and now they are looking to diversify and gold is the next logical asset to own,“ added Joseph Cavatoni, North American market strategist.

The two analysts also said that Japan could be a major source of physical demand in the new year.

“This could become a significant trend for the global market as Japanese consumers have a lot of cash savings, which makes sense when you have decades of deflation,“ said Reade.

Although the global gold market is priced in U.S. dollars, both Read and Cavatoni noted the fact that the yellow metal has hit record highs in multiple currencies this past year is a strong signal that global demand remains healthy.

By

Neils Christensen

For Kitco News

Time to Buy Gold and Silver

Tim Moseley

The Artist that came out of the Winter