The net impact solidifies the goal to dominate the economies of the East / developing world, the home of 75% of global oil reserves.
Unfortunately, the US was not only rejected from the SCO, but cannot even act as an observer, presenting a potential strategic opportunity for US diplomacy.
Even if the a precious metals selloff ensues, the die is cast for a new bull market.
The digital monetary revolution is kicking into high gear - current estimates project 10% of the $5 trillion dollar FOREX market become digital.
Bitcoin will encompass one third of the $500 billion digital currency space, implying a potential market cap of $1.7 trillion, or $100,000 per Bitcoin.
Jim Cramer recently called for $1,000,000 per Bitcoin, as institutions / governments scramble to release their information systems from the Ransomware: WannaCry.
Ethereum and Komodo among numerous competitors will absorb the remaining $330 billion digital currency space.
The resulting digital gold rush will usher in one of the hottest profit opportunities of the decade.
The discussion includes a pitch for a new initial crypto offering, BitSilver.
Dr. Leeb recommends a riveting Sci Fi trilogy from China by award winning Cixin Liu, The Three Body Problem, The Dark Forest, and Death's End.
Key takeaway - the catalyst that could send gold skyward: when an eastern benchmark for oil is announced as denominated in China's Yuan / Renminbi, dollar hegemony will collapse, shifting the balance of power Eastward.
Please Listen Here
Dial-Up Real Audio
MP3
FAST Download
Highest Quality Download
Right click above & "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ.
Guest Biographies
Bill Murphy
GATA.org
Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
