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GoldSeek Web Radio: CCO Giovanni Lesna and Bill Murphy, and your host Chris Waltzek

By: Chris Waltzek, Radio

 -- Published: Sunday, 3 December 2017 | Print  | Disqus 

Featured Guests

CCO Giovanni Lesna

& Bill Murphy

Show Highlights

  • Hedge Token (HDG) CCO Giovanni Lesna makes his show debut from his office in South Africa.
  • Goldseek’s Peter Spina rates HDG as his top crypto candidate, an interesting and unique hedging platform that seeks to enable everyone to participate.
  • Just last week, during a phone discussion between the guest / host, Bitcoin was trading at $8,200, fast forward to this week, Bitcoin touched $11,400!
  • HDG plans to facilitate diversification of crypto assets, via the Buchman Index, a basket of 30 cryptos.
  • The index includes: BTC (20%), ETH (20%), BCH (14%) as well as XMR and LTC (5%) (figure 1.1).
  • The Buchman Index includes a broad array of crypto sectors, Value transfer; Gaming and Gambling; Media and Social; Anonymity; Platform; and asset peg.
  • "If China cannot contain Bitcoin, nothing will."
  • The host speculates $40,000 BTC, $2,500 ETH are likely by the end of 2018, $100,000 BTC, $10,000 ETH by 2019 and $250,000 BTC, $50,000 ETH by 2020.
  • The guest concurs with the ETH estimate.
  • Assets deemed risky, such as Bitconnect, are excluded from the HDG portfolio. The diversification among assets such as BCH, offers a beta-balancing, free lunch for investors.
  • HDG has a unique value building plan to emulate much of the success of the Bitcoin ETF (GBTC) in the Altcoin domain, which has increased 10X.
  • Although a correction to $7,900 BTC could come to pass at any time, the duo agree that $15,000 is the next most likely Bitcoin target.
  • According to Bill Murphy of, in the last four years the gold cartel has dropped tons of precious metals on the market following Thanksgiving.
  • Nevertheless, the overall market mechanics remain bullish amid solid physical bullion sales.
  • Jim Rickards, notes how the a global flight to quality is adding support for the PMs sector.
  • Bill Murphy has a slightly different vantage point, noting that investors have finally capitulated, by tossing out their valuable gold investments.
  • The net result presents a remarkable value opportunity for precious metals investors.
  • The Fed chief Jerome Powell will likely follow the previous Fed Chairwoman's lead, with a slightly more dovish slant, raising rates at the Dec.
  • FOMC meeting and once more next year, to the benefit of the PMs bulls.
  • Bill Murphy note that on a relative basis, "... gold and silver are by far the cheapest assets on the planet..."
  • A recent article form Sprott Asset Management supports the thesis, noting that gold has outperformed even the S&P 500.
  • Recent comments from the CPM Group corroborate the notion; silver could soar to nearly $40 in 2018 on "... tight supply/demand conditions."
  • The net impact of the aforementioned topics is leading to an imminent upward price-explosion of unprecedented scale, perhaps similar to the ascent of Bitcoin.

Guest Bios

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,

Hedge Token

Giovanni Lesna

Product specialist for mutual funds. Business consultant with trading, banking risk and tech experience.Investment analyst with an international experience in the insurance industry. Hedge Project is represented by strongly motivated team members with experience from Deloitte, Deutsche Bank, Zurich Insurance Group and Numerica Partners. We aim to introduce methods, strategies and concepts that have been used in the traditional financial world for many years and represent an overview of real market value and safer trading and investment possibilities.



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 -- Published: Sunday, 3 December 2017 | E-Mail  | Print  | Source:

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