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@schiffgold

48

SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.

steemit.com/@schiffgold
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS59.95%
Net Worth
5.311USD
STEEM
0.000STEEM
SBD
10.681SBD
Effective Power
5.001SP
├── Own SP
0.632SP
└── Incoming Deleg
+4.369SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.632SP
Delegated Out
0.000SP
Delegation In
4.369SP
Effective Power
5.001SP
Reward SP (pending)
12.940SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
10.681SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "1029.567086 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7114.092720 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "10.681 SBD",
  "conversions": []
}

Account Info

nameschiffgold
id387704
rank531,961
reputation324377076608
created2017-09-27T19:06:12
recovery_accountsteem
proxyNone
post_count11
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-10-12T15:20:33
last_root_post2018-10-12T15:20:33
last_vote_time2018-02-14T15:55:48
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares1029.567086 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7114.092720 VESTS
reward_vesting_balance26116.028844 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2017-09-27T19:15:09
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 387704,
  "name": "schiffgold",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6hWZ5FzUW8G7bXekiXD8yf6kUw27c5S5xrz6kgJVBWP1uuMdLE",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8RTs1XG3s6dzgc7wopWzsshLe7CfJXaUFAHqR5rpspDFD3iHvm",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5mEPaeQTKEUyv9Y3C9LjKh4U29vYPkyR84a5To5dCrVjRh6Fgc",
        1
      ]
    ]
  },
  "memo_key": "STM7gJHQcriqZgqY4csgeQQ3b61oTtJHyoxfENPRYXuKfHu3AiTU1",
  "json_metadata": "{\"profile\":{\"profile_image\":\"https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png\",\"cover_image\":\"https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png\",\"name\":\"SchiffGold\",\"about\":\"SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.\",\"location\":\"New York, NY\",\"website\":\"https://schiffgold.com/\"}}",
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png\",\"cover_image\":\"https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png\",\"name\":\"SchiffGold\",\"about\":\"SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.\",\"location\":\"New York, NY\",\"website\":\"https://schiffgold.com/\"}}",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "2017-09-27T19:15:09",
  "created": "2017-09-27T19:06:12",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 11,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779084843
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779084843
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "10.681 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "26116.028844 VESTS",
  "reward_vesting_steem": "12.940 STEEM",
  "vesting_shares": "1029.567086 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7114.092720 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 25877,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-10-12T15:20:33",
  "last_root_post": "2018-10-12T15:20:33",
  "last_vote_time": "2018-02-14T15:55:48",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": "324377076608",
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 531961
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.369 SP to @schiffgold
2026/05/18 06:14:03
delegatorsteem
delegateeschiffgold
vesting shares7114.092720 VESTS
Transaction InfoBlock #106150594/Trx 43b1a0a83032d84d5e5cd1e399d1362c47a32e6a
View Raw JSON Data
{
  "trx_id": "43b1a0a83032d84d5e5cd1e399d1362c47a32e6a",
  "block": 106150594,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-18T06:14:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "7114.092720 VESTS"
    }
  ]
}
steemdelegated 2.703 SP to @schiffgold
2026/05/13 04:10:36
delegatorsteem
delegateeschiffgold
vesting shares4401.882315 VESTS
Transaction InfoBlock #106004847/Trx 71779e69b00e2d3e70a5689fa00f50b3f91403ad
View Raw JSON Data
{
  "trx_id": "71779e69b00e2d3e70a5689fa00f50b3f91403ad",
  "block": 106004847,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-13T04:10:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "4401.882315 VESTS"
    }
  ]
}
steemdelegated 4.376 SP to @schiffgold
2026/04/26 05:25:51
delegatorsteem
delegateeschiffgold
vesting shares7126.608476 VESTS
Transaction InfoBlock #105518079/Trx 9efa98863210d914668ba1dbd456cc43bbc31cdc
View Raw JSON Data
{
  "trx_id": "9efa98863210d914668ba1dbd456cc43bbc31cdc",
  "block": 105518079,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-26T05:25:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "7126.608476 VESTS"
    }
  ]
}
steemdelegated 2.729 SP to @schiffgold
2026/01/23 23:55:09
delegatorsteem
delegateeschiffgold
vesting shares4443.429134 VESTS
Transaction InfoBlock #102871119/Trx 011a328a17097e66c006554a0c42665e7ccce648
View Raw JSON Data
{
  "trx_id": "011a328a17097e66c006554a0c42665e7ccce648",
  "block": 102871119,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T23:55:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "4443.429134 VESTS"
    }
  ]
}
steemdelegated 2.829 SP to @schiffgold
2024/12/17 19:04:51
delegatorsteem
delegateeschiffgold
vesting shares4607.648331 VESTS
Transaction InfoBlock #91317326/Trx b80c613f71f2ec6e926f7964780bc35a9d31b957
View Raw JSON Data
{
  "trx_id": "b80c613f71f2ec6e926f7964780bc35a9d31b957",
  "block": 91317326,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-17T19:04:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "4607.648331 VESTS"
    }
  ]
}
steemdelegated 2.933 SP to @schiffgold
2023/11/14 10:46:15
delegatorsteem
delegateeschiffgold
vesting shares4776.781863 VESTS
Transaction InfoBlock #79871481/Trx 0d6b6f3729e3e3c69822eb6aa77d05c3359ced89
View Raw JSON Data
{
  "trx_id": "0d6b6f3729e3e3c69822eb6aa77d05c3359ced89",
  "block": 79871481,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-14T10:46:15",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "4776.781863 VESTS"
    }
  ]
}
steemdelegated 4.737 SP to @schiffgold
2023/09/22 10:20:18
delegatorsteem
delegateeschiffgold
vesting shares7713.690649 VESTS
Transaction InfoBlock #78362801/Trx ede2a1d79676abe21336623d6fbc2a63cb03540f
View Raw JSON Data
{
  "trx_id": "ede2a1d79676abe21336623d6fbc2a63cb03540f",
  "block": 78362801,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-22T10:20:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "7713.690649 VESTS"
    }
  ]
}
steemdelegated 4.873 SP to @schiffgold
2022/11/03 17:48:03
delegatorsteem
delegateeschiffgold
vesting shares7935.742087 VESTS
Transaction InfoBlock #69120544/Trx c7401d7297b75ad41e333ba28319f2f20071d794
View Raw JSON Data
{
  "trx_id": "c7401d7297b75ad41e333ba28319f2f20071d794",
  "block": 69120544,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T17:48:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "7935.742087 VESTS"
    }
  ]
}
steemdelegated 4.873 SP to @schiffgold
2022/11/03 17:48:03
delegatorsteem
delegateeschiffgold
vesting shares7935.742087 VESTS
Transaction InfoBlock #69120544/Trx c7401d7297b75ad41e333ba28319f2f20071d794
View Raw JSON Data
{
  "trx_id": "c7401d7297b75ad41e333ba28319f2f20071d794",
  "block": 69120544,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T17:48:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "7935.742087 VESTS"
    }
  ]
}
steemdelegated 5.008 SP to @schiffgold
2022/01/17 22:59:51
delegatorsteem
delegateeschiffgold
vesting shares8155.849688 VESTS
Transaction InfoBlock #60823790/Trx 440a3f2fa3353da3ab68d123c7520e0d833e48df
View Raw JSON Data
{
  "trx_id": "440a3f2fa3353da3ab68d123c7520e0d833e48df",
  "block": 60823790,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T22:59:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8155.849688 VESTS"
    }
  ]
}
steemdelegated 5.122 SP to @schiffgold
2021/06/14 06:11:03
delegatorsteem
delegateeschiffgold
vesting shares8340.043976 VESTS
Transaction InfoBlock #54614120/Trx b5cb9268a1c2ce9ef0d5ee6a76661cf5325aa8b4
View Raw JSON Data
{
  "trx_id": "b5cb9268a1c2ce9ef0d5ee6a76661cf5325aa8b4",
  "block": 54614120,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-14T06:11:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8340.043976 VESTS"
    }
  ]
}
steemdelegated 5.237 SP to @schiffgold
2020/12/11 16:23:21
delegatorsteem
delegateeschiffgold
vesting shares8527.465950 VESTS
Transaction InfoBlock #49361387/Trx 05c927aee64f8c1b540d7f3bdf2594a9d5c6ce14
View Raw JSON Data
{
  "trx_id": "05c927aee64f8c1b540d7f3bdf2594a9d5c6ce14",
  "block": 49361387,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T16:23:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8527.465950 VESTS"
    }
  ]
}
steemdelegated 1.174 SP to @schiffgold
2020/12/06 09:59:09
delegatorsteem
delegateeschiffgold
vesting shares1912.543513 VESTS
Transaction InfoBlock #49212909/Trx 59ea8340271ebf50ee8c3bbb6401504c87d0d9c6
View Raw JSON Data
{
  "trx_id": "59ea8340271ebf50ee8c3bbb6401504c87d0d9c6",
  "block": 49212909,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T09:59:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.240 SP to @schiffgold
2020/12/05 20:01:12
delegatorsteem
delegateeschiffgold
vesting shares8533.673804 VESTS
Transaction InfoBlock #49196470/Trx dd27d1bc6f12c9b64016fe01b7bab29d10008b78
View Raw JSON Data
{
  "trx_id": "dd27d1bc6f12c9b64016fe01b7bab29d10008b78",
  "block": 49196470,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-05T20:01:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8533.673804 VESTS"
    }
  ]
}
steemdelegated 1.179 SP to @schiffgold
2020/11/03 02:33:24
delegatorsteem
delegateeschiffgold
vesting shares1920.017158 VESTS
Transaction InfoBlock #48270657/Trx d55474bbbead0f374857bb0abaead9134c25dbfe
View Raw JSON Data
{
  "trx_id": "d55474bbbead0f374857bb0abaead9134c25dbfe",
  "block": 48270657,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-03T02:33:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "1920.017158 VESTS"
    }
  ]
}
steemdelegated 5.365 SP to @schiffgold
2020/05/09 11:02:03
delegatorsteem
delegateeschiffgold
vesting shares8736.479163 VESTS
Transaction InfoBlock #43223234/Trx a0bd6003fe2c11c77f2809338cecf96dccc831d2
View Raw JSON Data
{
  "trx_id": "a0bd6003fe2c11c77f2809338cecf96dccc831d2",
  "block": 43223234,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T11:02:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8736.479163 VESTS"
    }
  ]
}
steemdelegated 1.200 SP to @schiffgold
2020/05/08 15:25:48
delegatorsteem
delegateeschiffgold
vesting shares1953.311140 VESTS
Transaction InfoBlock #43200270/Trx 0ea307337da05c682f22cee33c045210b85f81b7
View Raw JSON Data
{
  "trx_id": "0ea307337da05c682f22cee33c045210b85f81b7",
  "block": 43200270,
  "trx_in_block": 17,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T15:25:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.415 SP to @schiffgold
2019/12/14 02:21:03
delegatorsteem
delegateeschiffgold
vesting shares8817.623123 VESTS
Transaction InfoBlock #39017682/Trx 3da76a075e457b1ecbbc4a871221e581545dbef0
View Raw JSON Data
{
  "trx_id": "3da76a075e457b1ecbbc4a871221e581545dbef0",
  "block": 39017682,
  "trx_in_block": 13,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-12-14T02:21:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "schiffgold",
      "vesting_shares": "8817.623123 VESTS"
    }
  ]
}
2019/09/27 19:48:39
parent authorschiffgold
parent permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
authorsteemitboard
permlinksteemitboard-notify-schiffgold-20190927t194838000z
title
bodyCongratulations @schiffgold! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@schiffgold/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@schiffgold) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=schiffgold)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #36796569/Trx 9f847322a901a0c6ae145a4838066f09ed820b4d
View Raw JSON Data
{
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-schiffgold-20190927t194838000z",
      "title": "",
      "body": "Congratulations @schiffgold! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@schiffgold/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@schiffgold) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=schiffgold)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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steemdelegated 5.536 SP to @schiffgold
2019/01/11 17:25:03
delegatorsteem
delegateeschiffgold
vesting shares9014.589132 VESTS
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}
2018/10/20 20:41:00
parent authorschiffgold
parent permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
authorsteemitboard
permlinksteemitboard-notify-schiffgold-20181020t204102000z
title
bodyCongratulations @schiffgold! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) : [![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/firstpayout.png)](http://steemitboard.com/@schiffgold) You got your First payout [![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/payout.png)](http://steemitboard.com/@schiffgold) Award for the total payout received <sub>_Click on the badge to view your Board of Honor._</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added">SteemitBoard Ranking update - Resteem and Resteemed added</a></td></tr></table> > Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
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Transaction InfoBlock #26982886/Trx 1ed756b0c20ac82a7671f3648e97eeb7663c98e0
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      "title": "",
      "body": "Congratulations @schiffgold! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/notifications/firstpayout.png)](http://steemitboard.com/@schiffgold) You got your First payout\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/payout.png)](http://steemitboard.com/@schiffgold) Award for the total payout received\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmfRVpHQhLDhnjDtqck8GPv9NPvNKPfMsDaAFDE1D9Er2Z/header_ranking.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-ranking-update-resteem-and-resteemed-added\">SteemitBoard Ranking update - Resteem and Resteemed added</a></td></tr></table>\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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2018/10/19 15:20:33
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
sbd payout10.640 SBD
steem payout0.000 STEEM
vesting payout26062.583346 VESTS
Transaction InfoBlock #26947692/Virtual Operation #13
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      "sbd_payout": "10.640 SBD",
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2018/10/13 17:11:39
parent authorschiffgold
parent permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
authorarcange
permlinkre-peter-schiff-explains-why-we-could-see-usd5-000-gold-with-video-20181012t190444000z
title
bodyCongratulations @schiffgold! Your post was mentioned in the [Steemit Hit Parade for newcomers](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20181012) in the following category: * Pending payout - Ranked 6 with $ 32,81 I also upvoted your post to increase its reward If you like my work to promote newcomers and give them more visibility on Steemit, consider to [vote for my witness](https://steemit.com/~witnesses)!
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2018/10/13 17:06:18
voterraphaelle
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight1000 (10.00%)
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2018/10/13 17:04:45
voterarcange
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight1000 (10.00%)
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2018/10/13 10:00:18
votersilberpapst
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight10000 (100.00%)
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}
steemdelegated 17.964 SP to @schiffgold
2018/10/12 21:39:45
delegatorsteem
delegateeschiffgold
vesting shares29253.552662 VESTS
Transaction InfoBlock #26753825/Trx 8d3943dc0192e35e9fccc2036ef052b05a490925
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}
2018/10/12 20:02:24
voterdaan007
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight10000 (100.00%)
Transaction InfoBlock #26751878/Trx 0acf40cd302e71a478c8bc0205afe32e018fe269
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2018/10/12 19:08:27
voterthejohalfiles
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight10000 (100.00%)
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2018/10/12 15:21:30
voterbhutta515
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
weight10000 (100.00%)
Transaction InfoBlock #26746267/Trx 5c3685166f4cedb8cb041590e9bb2ca8f4dd6dcc
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2018/10/12 15:20:33
parent author
parent permlinkdollar
authorschiffgold
permlinkpeter-schiff-explains-why-we-could-see-usd5-000-gold-with-video
titlePeter Schiff Explains Why We Could See $5,000 Gold (With Video)
body![Peter Schiff Explains Why We Could See 5000 per oz Gold.png](https://cdn.steemitimages.com/DQmaTp82bvmcF8Mrj7EMqSPjeSd7N53FhHGNC3dzCn9jeqx/Peter%20Schiff%20Explains%20Why%20We%20Could%20See%205000%20per%20oz%20Gold.png) The Dow dropped over 1,300 points in two days. In a video for SchiffGold, Peter Schiff said stock market investors "finally took notice of the carnage that was going on in the bond market." On Thursday, the price of gold popped, rising nearly 3%. The narrative is that this is a normal bull market correction. Peter said nothing could be further from the truth. In 2008, we had a dollar rally and a sell-off in gold - at least initially. This time around, we'll see an opposite ending. To watch the video and read more of this story: https://schiffgold.com/videos/peter-schiff-explains-why-we-could-see-5000-gold-video
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Transaction InfoBlock #26746248/Trx a0da61ce191d5c45366d03b0fcd9102be1a9a0b6
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steemdelegated 5.616 SP to @schiffgold
2018/05/17 02:40:18
delegatorsteem
delegateeschiffgold
vesting shares9144.498516 VESTS
Transaction InfoBlock #22497506/Trx 8f6c98678041e78e24fc47ce81e8ccc6c4747edf
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}
steemdelegated 18.193 SP to @schiffgold
2018/02/22 12:29:21
delegatorsteem
delegateeschiffgold
vesting shares29626.556823 VESTS
Transaction InfoBlock #20092615/Trx 919a0cf635848362c31fd889c69578046a8d3acd
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schiffgoldreceived 0.016 SBD, 0.006 SP author reward for @schiffgold / peter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
2018/02/21 15:55:48
authorschiffgold
permlinkpeter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
sbd payout0.016 SBD
steem payout0.000 STEEM
vesting payout10.219215 VESTS
Transaction InfoBlock #20067949/Virtual Operation #17
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      "sbd_payout": "0.016 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "10.219215 VESTS"
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}
2018/02/14 16:41:33
votermasterofcoin
authorschiffgold
permlinkpeter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
weight5800 (58.00%)
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2018/02/14 15:56:15
parent authorschiffgold
parent permlinkpeter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
authorcheetah
permlinkcheetah-re-schiffgoldpeter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://schiffgold.com/interviews/peter-schiff-talks-bitcoin-gold-ivan-tech/
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Transaction InfoBlock #19866464/Trx 097085348a7a9da5f73108032bb92a285670c753
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2018/02/14 15:55:48
voterschiffgold
authorschiffgold
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2018/02/14 15:55:48
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permlinkpeter-schiff-talks-bitcoin-and-gold-with-ivan-on-tech
titlePeter Schiff Talks Bitcoin and Gold with Ivan on Tech
bodyPeter Schiff recently appeared on Ivan on Tech for a wide-ranging interview. Ivan and Peter talked cryptocurrency, <a href="https://schiffgold.com/buy/gold/">gold</a>, government debt, fiat currency, the dollar and more. Ivan is one of the foremost experts on cryptocurrency. He is an international speaker, blockchain educator, software developer and data scientist. Ivan and Peter don't see eye-to-eye on everything, but they did manage to find some common ground. If you are interested in cryptocurrencies and gold, you will find their friendly debate both entertaining and informative. <p style="text-align: center;"><iframe src="https://www.youtube.com/embed/rc8JcMp1mzQ" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p> <strong>Highlights from the Interview</strong> Early in the interview, Ivan asked Peter to describe the economy for a 5-year-old. <blockquote>To a 5-year-old? I don't know. Maybe it's because all we eat is ice cream and cupcakes, and we don't eat anything healthy. You know, basically, the problem is debt, the problem is excess consumption, the fact that we just continue to borrow money to buy imported products that we can never afford to repay with legitimate exports. Politicians continue to promise everything to voters so that they can keep getting reelected, but none of these promises can be kept and the debts continue to pile up.  The problem with the global economy is they continue to finance the debts. They continue to loan money to Americans that Americans will never repay. The continue to pretend these worthless IOUs are legitimate assets. So, you have an entire monetary system that is underpinned by a dollar that is ultimately going to collapse. And all these fiat currencies, rather than being backed by legitimate money, which would render them legitimate currencies - rather than backing currencies by gold - they back currencies with dollars which themselves are backed by nothing."</blockquote> That led to a deeper discussion of debt. Peter pointed out the problem is the US doesn't have the money to pay off all the debt it has piled up, at least not in a legitimate way. It will have to print money, and that will collapse the dollar. People will get their money back, but they won't be able to buy very much with it. From there, Peter and Ivan discussed the role of gold. Peter emphasized that gold is money. Paper money is fine if it is backed by gold. But when you start printing more money than you have gold to back it up, problems start. <blockquote>I advise people to own gold because I do believe that gold will be remonetized, that this monetary experiment is going to end in failure, that the world is going to go back to the system we were on prior to Nixon taking us off the gold standard in 1971 ... I think we're going to go back to what existed pre-Bretton Woods where each country is going to back its currency by gold. They're not going to back their currency with somebody elses currency. They're going to back their currency with real money.  To do that, the price of gold is going to go much higher. "</blockquote> This moved the discussion into the realm of cryptocurrency. Ivan pointed out that with cryptos, we can now transfer value across the internet. Cryptocurrencies cannot be replicated. They can't be copied. Their supply is fixed. Ivan asked, "What is the main reason you don't see Bitcoin as digital gold and instead you call it fool's gold?" <blockquote>You say you can transfer value. What you're not transferring is value but the perception of value. I mean, the Bitcoin itself does not have any useful value the way gold does. I mean, there are things I can actually do with gold even if it's not money. There are actually things that it can be used for. So, if you just have a Bitcoin and you're just going to use it to exchange with somebody else, there's nothing you can do with it by yourself."</blockquote> Peter also pointed out that gold is scarce because of its unique properties. "Gold is gold." Nothing else can be gold. While there are limits on the number of Bitcoins, there isn't any limit on the number of cryptocurrencies in general. <blockquote>You can have an infinite supply of digital currencies that are identical in what they can do. In fact, a lot of the alt-coins that have been created are actually superior to Bitcoin in their ease of use, or their cost of use, or the speed of the transactions. And so, the supply there is endless."</blockquote> Peter suggested one way a cryptocurrency might work is if it is backed by gold. <blockquote>There is a history of privately created currency backed by real money, and so you could certainly do the same thing by a private party issuing a digital currency that was also backed by gold. In fact, that would work much better."</blockquote> Peter said in effect, right now people are trying to create money out of thin air with cryptos and that eventually, this approach will implode. Ivan agreed that there is a great deal of speculation in the world of cryptos and conceded that there may be a bubble that will burst in the future. But he took issue with Peter's assertion that Bitcoin has no useful value in and of itself, pointing to the underlying blockchain technology as a tangible source of intrinsic value. <blockquote>When it comes to utility, it's not only about doing transactions, although that is huge in countries with hyperinflation ... If you look at the prices in those countries for Bitcoin, they are a lot higher than the prices in the West because you actually have a huge demand for something that is not government money."</blockquote> Peter countered that the transaction costs associated with Bitcoin make it virtually useless in poor countries. The volatility of Bitcoin also makes it impossible to price products. But with companies like GoldMoney, people in poor countries can already engage in transactions inexpensively using gold. This allows them to avoid the fiat currency and banking system, along with the volatility and expense currently inherent in Bitcoin. <blockquote>Gold is a real store of value. It's reliable. It's not volatile and it's inexpensive to use."</blockquote> Ivan had some good counterarguments to Peter's points, namely that the technology is still evolving. Peter and Ivan also discussed issues of trust relating to both gold and cryptocurrency, along with the increasing attention on Bitcoin, especially from government regulators. Peter argued that in order to mainstream Bitcoin, they were forced to becomes "regulated and transparent." This takes away the biggest appeal of cryptocurrency - their anonymity and difficulty to regulate. <p style="text-align: center;"><a href="https://schiffgold.com/buy/buying-gold-silver-bitcoin/"><img class="aligncenter wp-image-17582" src="https://schiffgold.com/wp-content/uploads/2014/07/Bitcoin-buy-gold-banner-SchiffGold.jpg" alt="Bitcoin buy gold from SchiffGold" width="575" height="164" /></a></p> <p style="text-align: center;"><em>Get Peter Schiff’s latest gold market analysis – <a target="_blank" href="https://schiffgold.com/gold-videocast.html" rel="noopener">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em> <em>Interested in learning <a href="https://schiffgold.com/buy/gold/">how to buy gold</a> and <a href="https://schiffgold.com/buy/silver/">buy silver</a>?</em> <em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>
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      "body": "Peter Schiff recently appeared on Ivan on Tech for a wide-ranging interview. Ivan and Peter talked cryptocurrency, <a href=\"https://schiffgold.com/buy/gold/\">gold</a>, government debt, fiat currency, the dollar and more.\n\nIvan is one of the foremost experts on cryptocurrency. He is an international speaker, blockchain educator, software developer and data scientist.\n\nIvan and Peter don't see eye-to-eye on everything, but they did manage to find some common ground. If you are interested in cryptocurrencies and gold, you will find their friendly debate both entertaining and informative.\n\n<p style=\"text-align: center;\"><iframe src=\"https://www.youtube.com/embed/rc8JcMp1mzQ\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></p>\n<strong>Highlights from the Interview</strong>\n\nEarly in the interview, Ivan asked Peter to describe the economy for a 5-year-old.\n<blockquote>To a 5-year-old? I don't know. Maybe it's because all we eat is ice cream and cupcakes, and we don't eat anything healthy. You know, basically, the problem is debt, the problem is excess consumption, the fact that we just continue to borrow money to buy imported products that we can never afford to repay with legitimate exports. Politicians continue to promise everything to voters so that they can keep getting reelected, but none of these promises can be kept and the debts continue to pile up.  The problem with the global economy is they continue to finance the debts. They continue to loan money to Americans that Americans will never repay. The continue to pretend these worthless IOUs are legitimate assets. So, you have an entire monetary system that is underpinned by a dollar that is ultimately going to collapse. And all these fiat currencies, rather than being backed by legitimate money, which would render them legitimate currencies - rather than backing currencies by gold - they back currencies with dollars which themselves are backed by nothing.\"</blockquote>\nThat led to a deeper discussion of debt. Peter pointed out the problem is the US doesn't have the money to pay off all the debt it has piled up, at least not in a legitimate way. It will have to print money, and that will collapse the dollar. People will get their money back, but they won't be able to buy very much with it.\n\nFrom there, Peter and Ivan discussed the role of gold. Peter emphasized that gold is money. Paper money is fine if it is backed by gold. But when you start printing more money than you have gold to back it up, problems start.\n<blockquote>I advise people to own gold because I do believe that gold will be remonetized, that this monetary experiment is going to end in failure, that the world is going to go back to the system we were on prior to Nixon taking us off the gold standard in 1971 ... I think we're going to go back to what existed pre-Bretton Woods where each country is going to back its currency by gold. They're not going to back their currency with somebody elses currency. They're going to back their currency with real money.  To do that, the price of gold is going to go much higher. \"</blockquote>\nThis moved the discussion into the realm of cryptocurrency. Ivan pointed out that with cryptos, we can now transfer value across the internet. Cryptocurrencies cannot be replicated. They can't be copied. Their supply is fixed. Ivan asked, \"What is the main reason you don't see Bitcoin as digital gold and instead you call it fool's gold?\"\n<blockquote>You say you can transfer value. What you're not transferring is value but the perception of value. I mean, the Bitcoin itself does not have any useful value the way gold does. I mean, there are things I can actually do with gold even if it's not money. There are actually things that it can be used for. So, if you just have a Bitcoin and you're just going to use it to exchange with somebody else, there's nothing you can do with it by yourself.\"</blockquote>\nPeter also pointed out that gold is scarce because of its unique properties. \"Gold is gold.\" Nothing else can be gold. While there are limits on the number of Bitcoins, there isn't any limit on the number of cryptocurrencies in general.\n<blockquote>You can have an infinite supply of digital currencies that are identical in what they can do. In fact, a lot of the alt-coins that have been created are actually superior to Bitcoin in their ease of use, or their cost of use, or the speed of the transactions. And so, the supply there is endless.\"</blockquote>\nPeter suggested one way a cryptocurrency might work is if it is backed by gold.\n<blockquote>There is a history of privately created currency backed by real money, and so you could certainly do the same thing by a private party issuing a digital currency that was also backed by gold. In fact, that would work much better.\"</blockquote>\nPeter said in effect, right now people are trying to create money out of thin air with cryptos and that eventually, this approach will implode.\n\nIvan agreed that there is a great deal of speculation in the world of cryptos and conceded that there may be a bubble that will burst in the future. But he took issue with Peter's assertion that Bitcoin has no useful value in and of itself, pointing to the underlying blockchain technology as a tangible source of intrinsic value.\n<blockquote>When it comes to utility, it's not only about doing transactions, although that is huge in countries with hyperinflation ... If you look at the prices in those countries for Bitcoin, they are a lot higher than the prices in the West because you actually have a huge demand for something that is not government money.\"</blockquote>\nPeter countered that the transaction costs associated with Bitcoin make it virtually useless in poor countries. The volatility of Bitcoin also makes it impossible to price products. But with companies like GoldMoney, people in poor countries can already engage in transactions inexpensively using gold. This allows them to avoid the fiat currency and banking system, along with the volatility and expense currently inherent in Bitcoin.\n<blockquote>Gold is a real store of value. It's reliable. It's not volatile and it's inexpensive to use.\"</blockquote>\nIvan had some good counterarguments to Peter's points, namely that the technology is still evolving.\n\nPeter and Ivan also discussed issues of trust relating to both gold and cryptocurrency, along with the increasing attention on Bitcoin, especially from government regulators. Peter argued that in order to mainstream Bitcoin, they were forced to becomes \"regulated and transparent.\" This takes away the biggest appeal of cryptocurrency - their anonymity and difficulty to regulate.\n<p style=\"text-align: center;\"><a href=\"https://schiffgold.com/buy/buying-gold-silver-bitcoin/\"><img class=\"aligncenter wp-image-17582\" src=\"https://schiffgold.com/wp-content/uploads/2014/07/Bitcoin-buy-gold-banner-SchiffGold.jpg\" alt=\"Bitcoin buy gold from SchiffGold\" width=\"575\" height=\"164\" /></a></p>\n<p style=\"text-align: center;\"><em>Get Peter Schiff’s latest gold market analysis – <a target=\"_blank\" href=\"https://schiffgold.com/gold-videocast.html\" rel=\"noopener\">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em>\n<em>Interested in learning <a href=\"https://schiffgold.com/buy/gold/\">how to buy gold</a> and <a href=\"https://schiffgold.com/buy/silver/\">buy silver</a>?</em>\n<em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>",
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2017/11/24 17:19:27
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2017/11/24 17:19:27
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2017/11/24 17:19:27
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2017/11/24 14:23:54
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bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://press-pubs.uchicago.edu/founders/documents/v1ch16s1.html
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2017/11/24 14:23:48
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2017/11/24 14:23:33
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2017/11/24 14:23:33
parent author
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titleFun on Friday: The Definition of Insanity and a Lesson from the Pilgrims
body<html> <p><img src="https://schiffgold.com/wp-content/uploads/2017/11/800px-Insanity_Occupy_Sign.jpg" alt="SchiffGold Thanksgiving Socialism Fail" width="800" height="487"/></p> <p>As the saying goes, "Insanity is doing the same thing over and over again, and expecting different results."</p> <p>Albert Einstein is usually credited with that statement, although there isn't any proof that he ever said it. Nevertheless, it's certainly a good working definition of insanity. And by that definition, I have to conclude that socialists are insane.</p> <p>When I was a kid, we used to say some things only "sound good on paper." In other words, they seem like good plans, but there is no way they're going to work in the real world.</p> <p>That's <a href="https://schiffgold.com/fun-on-friday/fun-friday-definition-insanity-lesson-pilgrims/">socialism in a nutshell</a>.</p> <p>I mean, socialism really does sound good on paper, right? We're all going to own everything together and take care of each other. It sounds so nice. And we all want to be nice right? Just think about the expression, “From each according to his ability, to each according to his need.” That's so positive. So nice. So warm and fuzzy.</p> <p>Except when people start dying.</p> <p>And you know what's not nice?</p> <p>Corpses.</p> <p>That's exactly what happened when the Pilgrims took a stab at socialism.</p> <p>Most Americans don't know that the Plymouth colony was originally an experiment in socialist utopianism and were it not for a complete 180 a couple of years in, we probably wouldn't have enjoyed the bountiful feasts most of us indulged in yesterday. There would have been no Thanksgiving because there would have been nobody left to give thanks.</p> <p>When the Pilgrims arrived in Massachusetts on November 11, 1620, they placed all their food and provisions in a “common store.” These folks were forward thinkers. They didn't even have Marx's scribblings to appeal to. They set things up on the socialist principle of, “From each according to his ability, to each according to his need.”</p> <p>Well, things got off to a bad start. Conditions were miserable, as William Bradford described them.</p> <p>&lt;blockquote&gt;That which was most sad and lamentable was, that in two or three months time half of their company died, especially in January and February, being the depth of winter, and wanting houses and other comforts; being infected with the scurvy and other diseases, so as there died sometimes two or three of a day, in the aforesaid time; that of 100 and odd persons, scarce 50 remained.”&lt;/blockquote&gt;</p> <p>Now, the Pilgrim's initial struggles didn't have anything to do with socialism. They just had the misfortune of landing in Massachusetts at the onset of winter.</p> <p>Anyway, the following fall, the Pilgrims harvested their first crops&nbsp;and they all went into the common store.</p> <p>Now, wasn't that nice? No greed. Nobody getting any more than they should. Of course, nobody was getting much of anything at all - but still - they had to feel good about themselves, right?</p> <p><br></p> <p>So, in November the ship&nbsp;&lt;em&gt;Fortune&lt;/em&gt;&nbsp;arrived with more than 30 new settlers, mostly young men. More manpower was welcome, but according to accounts, they brought “not so much as&nbsp;a&nbsp;bisket-cake” with them. The future looked bleak as food supplies ran out and the “planned socialist” community faced starvation yet again.</p> <p>The following year, the harvest was poor in spite of the added manpower. Nevertheless, the pilgrims again put the meager harvest in the common store. Because, you know, insanity.</p> <p>That winter, they starved.</p> <p>The colonists were learning economics the hard way.</p> <p>Richard Grant in&nbsp;"The Incredible Bread Machine"&nbsp;wrote:</p> <p>"For two years the Pilgrims faithfully practiced communal ownership of the means of production. And for two years nearly starved to death, rationed at times to “but a quarter of a pound of bread a day to each person.” Governor Bradford wrote that “famine must still&nbsp;ensue&nbsp;the next year also if not some way prevented.” He described how the colonists finally decided to introduce private property:</p> <p>&lt;blockquote&gt;[The colonists] began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery. [In 1623] after much debate of things, the Gov. (with the advice of the chiefest amongst them) gave way that they should set down every man for his own … and to trust themselves ... so assigned to every family a parcel of land. This had very good success; for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Gov. or any other could use, … and gave far better content. The women now went willingly into&nbsp;the&nbsp;field,&nbsp;and took their little-ones with them to set corn, which before would allege weakness, and inability; whom to have compelled would have been thought great tyranny and oppression.”</p> <p>Reflecting on the experience of the previous two years, Bradford goes on to describe the folly of communal ownership:</p> <p>&lt;blockquote&gt;“The experience that was had in this common course and condition, tried sundry years, and that amongst godly and sober men, may well evince the vanity of that conceit of&nbsp;Platosand other ancients, applauded by some of later times; — that the taking away of property, and bringing in community into a&nbsp;common wealth&nbsp;would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For the&nbsp;young-men&nbsp;that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men’s wives and children, without any recompense. The strong, or man of parts, had no more indivision&nbsp;of victuals and&nbsp;cloths,&nbsp;than he that was weak and not able to do a quarter the other could; this was thought injustice…”&lt;/blockquote&gt;</p> <p>Woha! Some people resented doing all the work? They didn't work as hard when they knew they weren't going to directly benefit? Shocking.</p> <p>Actually, it's not shocking at all. It's human&nbsp;nature and we all know it. Now, we can lament the fact. We can say it shouldn't be that way. We can finger-point and talk about greed. We can get all holier-than-thou and say we wouldn't act that way (in other words lie). But people will still be people.</p> <p>Here's a harsh truth: good intentions and feel-good policies can't trump basic economics.&nbsp;You can dream unicorns and lollipops all day, but it won’t change reality.</p> <p>Scarcity. Human behavior. Incentives. The experience of the Pilgrims vividly demonstrates basic economic principles. Their good intentions could not overpower the cold hard realities of economic principles. They never have. They never will.</p> </html>
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      "permlink": "fun-on-friday-the-definition-of-insanity-and-a-lesson-from-the-pilgrims",
      "title": "Fun on Friday: The Definition of Insanity and a Lesson from the Pilgrims",
      "body": "<html>\n<p><img src=\"https://schiffgold.com/wp-content/uploads/2017/11/800px-Insanity_Occupy_Sign.jpg\" alt=\"SchiffGold Thanksgiving Socialism Fail\" width=\"800\" height=\"487\"/></p>\n<p>As the saying goes, \"Insanity is doing the same thing over and over again, and expecting different results.\"</p>\n<p>Albert Einstein is usually credited with that statement, although there isn't any proof that he ever said it. Nevertheless, it's certainly a good working definition of insanity. And by that definition, I have to conclude that socialists are insane.</p>\n<p>When I was a kid, we used to say some things only \"sound good on paper.\" In other words, they seem like good plans, but there is no way they're going to work in the real world.</p>\n<p>That's <a href=\"https://schiffgold.com/fun-on-friday/fun-friday-definition-insanity-lesson-pilgrims/\">socialism in a nutshell</a>.</p>\n<p>I mean, socialism really does sound good on paper, right? We're all going to own everything together and take care of each other. It sounds so nice. And we all want to be nice right? Just think about the expression, “From each according to his ability, to each according to his need.” That's so positive. So nice. So warm and fuzzy.</p>\n<p>Except when people start dying.</p>\n<p>And you know what's not nice?</p>\n<p>Corpses.</p>\n<p>That's exactly what happened when the Pilgrims took a stab at socialism.</p>\n<p>Most Americans don't know that the Plymouth colony was originally an experiment in socialist utopianism and were it not for a complete 180 a couple of years in, we probably wouldn't have enjoyed the bountiful feasts most of us indulged in yesterday. There would have been no Thanksgiving because there would have been nobody left to give thanks.</p>\n<p>When the Pilgrims arrived in Massachusetts on November 11, 1620, they placed all their food and provisions in a “common store.” These folks were forward thinkers. They didn't even have Marx's scribblings to appeal to. They set things up on the socialist principle of, “From each according to his ability, to each according to his need.”</p>\n<p>Well, things got off to a bad start. Conditions were miserable, as William Bradford described them.</p>\n<p>&lt;blockquote&gt;That which was most sad and lamentable was, that in two or three months time half of their company died, especially in January and February, being the depth of winter, and wanting houses and other comforts; being infected with the scurvy and other diseases, so as there died sometimes two or three of a day, in the aforesaid time; that of 100 and odd persons, scarce 50 remained.”&lt;/blockquote&gt;</p>\n<p>Now, the Pilgrim's initial struggles didn't have anything to do with socialism. They just had the misfortune of landing in Massachusetts at the onset of winter.</p>\n<p>Anyway, the following fall, the Pilgrims harvested their first crops&nbsp;and they all went into the common store.</p>\n<p>Now, wasn't that nice? No greed. Nobody getting any more than they should. Of course, nobody was getting much of anything at all - but still - they had to feel good about themselves, right?</p>\n<p><br></p>\n<p>So, in November the ship&nbsp;&lt;em&gt;Fortune&lt;/em&gt;&nbsp;arrived with more than 30 new settlers, mostly young men. More manpower was welcome, but according to accounts, they brought “not so much as&nbsp;a&nbsp;bisket-cake” with them. The future looked bleak as food supplies ran out and the “planned socialist” community faced starvation yet again.</p>\n<p>The following year, the harvest was poor in spite of the added manpower. Nevertheless, the pilgrims again put the meager harvest in the common store. Because, you know, insanity.</p>\n<p>That winter, they starved.</p>\n<p>The colonists were learning economics the hard way.</p>\n<p>Richard Grant in&nbsp;\"The Incredible Bread Machine\"&nbsp;wrote:</p>\n<p>\"For two years the Pilgrims faithfully practiced communal ownership of the means of production. And for two years nearly starved to death, rationed at times to “but a quarter of a pound of bread a day to each person.” Governor Bradford wrote that “famine must still&nbsp;ensue&nbsp;the next year also if not some way prevented.” He described how the colonists finally decided to introduce private property:</p>\n<p>&lt;blockquote&gt;[The colonists] began to think how they might raise as much corn as they could, and obtain a better crop than they had done, that they might not still thus languish in misery. [In 1623] after much debate of things, the Gov. (with the advice of the chiefest amongst them) gave way that they should set down every man for his own … and to trust themselves ... so assigned to every family a parcel of land. This had very good success; for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Gov. or any other could use, … and gave far better content. The women now went willingly into&nbsp;the&nbsp;field,&nbsp;and took their little-ones with them to set corn, which before would allege weakness, and inability; whom to have compelled would have been thought great tyranny and oppression.”</p>\n<p>Reflecting on the experience of the previous two years, Bradford goes on to describe the folly of communal ownership:</p>\n<p>&lt;blockquote&gt;“The experience that was had in this common course and condition, tried sundry years, and that amongst godly and sober men, may well evince the vanity of that conceit of&nbsp;Platosand other ancients, applauded by some of later times; — that the taking away of property, and bringing in community into a&nbsp;common wealth&nbsp;would make them happy and flourishing; as if they were wiser than God. For this community (so far as it was) was found to breed much confusion and discontent, and retard much employment that would have been to their benefit and comfort. For the&nbsp;young-men&nbsp;that were most able and fit for labor and service did repine that they should spend their time and strength to work for other men’s wives and children, without any recompense. The strong, or man of parts, had no more indivision&nbsp;of victuals and&nbsp;cloths,&nbsp;than he that was weak and not able to do a quarter the other could; this was thought injustice…”&lt;/blockquote&gt;</p>\n<p>Woha! Some people resented doing all the work? They didn't work as hard when they knew they weren't going to directly benefit? Shocking.</p>\n<p>Actually, it's not shocking at all. It's human&nbsp;nature and we all know it. Now, we can lament the fact. We can say it shouldn't be that way. We can finger-point and talk about greed. We can get all holier-than-thou and say we wouldn't act that way (in other words lie). But people will still be people.</p>\n<p>Here's a harsh truth: good intentions and feel-good policies can't trump basic economics.&nbsp;You can dream unicorns and lollipops all day, but it won’t change reality.</p>\n<p>Scarcity. Human behavior. Incentives. The experience of the Pilgrims vividly demonstrates basic economic principles. Their good intentions could not overpower the cold hard realities of economic principles. They never have. They never will.</p>\n</html>",
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steemdelegated 18.319 SP to @schiffgold
2017/10/13 16:01:09
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2017/10/10 15:33:54
votermoniquer
authorschiffgold
permlinkthe-news-of-gold-s-demise-is-greatly-exaggerated-why-cryptos-won-t-kill-gold
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2017/10/10 15:28:12
voterschiffgold
authorschiffgold
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2017/10/10 15:28:12
parent author
parent permlinkbitcoin
authorschiffgold
permlinkthe-news-of-gold-s-demise-is-greatly-exaggerated-why-cryptos-won-t-kill-gold
titleThe News of Gold’s Demise Is Greatly Exaggerated: Why Cryptos Won’t Kill Gold
body<html> <p><img src="https://schiffgold.com/wp-content/uploads/2017/10/bitcoin-1995332_1920.jpg" width="599" height="308"/></p> <p>Cryptocurrencies have shown a lot of resiliency. Every time doubters proclaim Bitcoin is on the mat for good, it manages to claw its way back up.Bitcoin went into a freefall after&nbsp;<a href="https://schiffgold.com/key-gold-news/bitcoin-investors-china-face-possible-shutdown-exchanges-government-cracks-cryptocurrencies/">the Chinese&nbsp;government announced plans to ban cryptocurrency trading</a>&nbsp;on all domestic exchanges. But early Monday, the digital currency hit its highest level since early September.The steady climb of Bitcoin and its meteoric rise this year have led to some speculation that digital currencies may usurp <a href="https://schiffgold.com/buy/gold/">gold</a>. There have been headlines proclaiming cryptocurrencies are killing the yellow metal. But there are some fundamental reasons cryptos will never replace gold.A <a href="https://www.forbes.com/sites/greatspeculations/2017/10/09/heres-why-bitcoin-wont-replace-gold-so-easily/#51f4b57649b4">recent <em>Forbes</em> article</a> pointed out some important characteristics of gold that will prevent Bitcoin and other cryptocurrencies from ever being able to completely push it out.Most of the focus now is on Bitcoin. But as <em>Forbes</em> points out,&nbsp;there are somewhere in the neighborhood of 2,100 digital currencies traded in the world right now, with a combined market cap of nearly $150 billion, according to&nbsp;<a href="https://coinranking.com/">Coinranking.com.</a>&nbsp;We are in the early stages of the crypto revolution. We have no idea which cryptos will ultimately shake out as winners and losers. Betting on any one crypto at this point is risky.</p> <blockquote><em>Although bitcoin and Ethereum appear to be the frontrunners right now, recall that only 20 years ago AOL and Yahoo! were poised to dominate the internet. How times have changed! It will be interesting to see which coins emerge as the ‘Amazon’ and ‘Google’ of cryptocurrencies.”</em></blockquote> <p>On the other hand, gold has a history of preserving and <a href="https://schiffgold.com/key-gold-news/gold-just-hedge/">even growing wealth</a> that goes back centuries.Gold also has physical characteristics cryptos lack.Fundamentally, Bitcoin and other cryptocurrencies are nothing more than an electronic medium of exchange. They strictly function as a form of currency. They have no intrinsic value. In fact, they don’t even exist in the material world. Gold has value beyond the fact that <a href="https://schiffgold.com/key-gold-news/gold-money-elemental/">it is money</a>. It is highly valued as jewelry, and it is increasingly being used in <a href="https://schiffgold.com/key-gold-news/high-tech-gold-helps-turn-sweat-power/">technological applications</a> from medicine, to electronics, to energy production.Most importantly, gold does not depend on the internet or electricity to work. That could be significant in the event of a major disaster, as the <em>Forbes</em> article points out. If the power grid goes down, or the internet is out, your $1 million of Bitcoin won’t do you much good.</p> <blockquote><em>Unlike cryptos, gold doesn’t require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95% of people are reportedly still without power. Right now the island’s economy is cash-only. If you have gold jewelry or coins, they can be converted into cash—all without electricity or WiFi.”</em></blockquote> <p>Forbes offers another important reason we probably shouldn’t say last rights over gold just yet.</p> <blockquote><em>Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. Every day, some £13.8 billion, or $18 billion, worth of physical gold are traded in London alone, according to the London Bullion Market Association (LBMA). The cryptocurrency market, although expanding rapidly, is not quite there yet.”</em></blockquote> <p>None of this is to say there is no place for cryptocurrencies in the modern world. The development of a decentralized, anonymous system of exchange that doesn’t rely on government is nothing short of revolutionary. And a lot of people have made a lot of money in cryptocurrencies. It’s just that cryptos lack some important features gold and silver posses. Bitcoin is not a replacement for gold. Although they share some similar characteristics, they are fundamentally different things.Of course, you don’t have to choose one over the other. You can buy Bitcoin <em>and</em> gold. You can even <a href="https://schiffgold.com/buy/buying-gold-silver-bitcoin/">buy gold and silver with Bitcoin</a>. In the world of investing, it’s never wise to put all of your eggs in one proverbial basket.&nbsp;&nbsp;Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downsides and put you in an overall stronger financial position.&nbsp;</p> </html>
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      "permlink": "the-news-of-gold-s-demise-is-greatly-exaggerated-why-cryptos-won-t-kill-gold",
      "title": "The News of Gold’s Demise Is Greatly Exaggerated: Why Cryptos Won’t Kill Gold",
      "body": "<html>\n<p><img src=\"https://schiffgold.com/wp-content/uploads/2017/10/bitcoin-1995332_1920.jpg\" width=\"599\" height=\"308\"/></p>\n<p>Cryptocurrencies have shown a lot of resiliency. Every time doubters proclaim Bitcoin is on the mat for good, it manages to claw its way back up.Bitcoin went into a freefall after&nbsp;<a href=\"https://schiffgold.com/key-gold-news/bitcoin-investors-china-face-possible-shutdown-exchanges-government-cracks-cryptocurrencies/\">the Chinese&nbsp;government announced plans to ban cryptocurrency trading</a>&nbsp;on all domestic exchanges. But early Monday, the digital currency hit its highest level since early September.The steady climb of Bitcoin and its meteoric rise this year have led to some speculation that digital currencies may usurp <a href=\"https://schiffgold.com/buy/gold/\">gold</a>. There have been headlines proclaiming cryptocurrencies are killing the yellow metal. But there are some fundamental reasons cryptos will never replace gold.A <a href=\"https://www.forbes.com/sites/greatspeculations/2017/10/09/heres-why-bitcoin-wont-replace-gold-so-easily/#51f4b57649b4\">recent <em>Forbes</em> article</a> pointed out some important characteristics of gold that will prevent Bitcoin and other cryptocurrencies from ever being able to completely push it out.Most of the focus now is on Bitcoin. But as <em>Forbes</em> points out,&nbsp;there are somewhere in the neighborhood of 2,100 digital currencies traded in the world right now, with a combined market cap of nearly $150 billion, according to&nbsp;<a href=\"https://coinranking.com/\">Coinranking.com.</a>&nbsp;We are in the early stages of the crypto revolution. We have no idea which cryptos will ultimately shake out as winners and losers. Betting on any one crypto at this point is risky.</p>\n<blockquote><em>Although bitcoin and Ethereum appear to be the frontrunners right now, recall that only 20 years ago AOL and Yahoo! were poised to dominate the internet. How times have changed! It will be interesting to see which coins emerge as the ‘Amazon’ and ‘Google’ of cryptocurrencies.”</em></blockquote>\n<p>On the other hand, gold has a history of preserving and <a href=\"https://schiffgold.com/key-gold-news/gold-just-hedge/\">even growing wealth</a> that goes back centuries.Gold also has physical characteristics cryptos lack.Fundamentally, Bitcoin and other cryptocurrencies are nothing more than an electronic medium of exchange. They strictly function as a form of currency. They have no intrinsic value. In fact, they don’t even exist in the material world. Gold has value beyond the fact that <a href=\"https://schiffgold.com/key-gold-news/gold-money-elemental/\">it is money</a>. It is highly valued as jewelry, and it is increasingly being used in <a href=\"https://schiffgold.com/key-gold-news/high-tech-gold-helps-turn-sweat-power/\">technological applications</a> from medicine, to electronics, to energy production.Most importantly, gold does not depend on the internet or electricity to work. That could be significant in the event of a major disaster, as the <em>Forbes</em> article points out. If the power grid goes down, or the internet is out, your $1 million of Bitcoin won’t do you much good.</p>\n<blockquote><em>Unlike cryptos, gold doesn’t require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95% of people are reportedly still without power. Right now the island’s economy is cash-only. If you have gold jewelry or coins, they can be converted into cash—all without electricity or WiFi.”</em></blockquote>\n<p>Forbes offers another important reason we probably shouldn’t say last rights over gold just yet.</p>\n<blockquote><em>Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. Every day, some £13.8 billion, or $18 billion, worth of physical gold are traded in London alone, according to the London Bullion Market Association (LBMA). The cryptocurrency market, although expanding rapidly, is not quite there yet.”</em></blockquote>\n<p>None of this is to say there is no place for cryptocurrencies in the modern world. The development of a decentralized, anonymous system of exchange that doesn’t rely on government is nothing short of revolutionary. And a lot of people have made a lot of money in cryptocurrencies. It’s just that cryptos lack some important features gold and silver posses. Bitcoin is not a replacement for gold. Although they share some similar characteristics, they are fundamentally different things.Of course, you don’t have to choose one over the other. You can buy Bitcoin <em>and</em> gold. You can even <a href=\"https://schiffgold.com/buy/buying-gold-silver-bitcoin/\">buy gold and silver with Bitcoin</a>. In the world of investing, it’s never wise to put all of your eggs in one proverbial basket.&nbsp;&nbsp;Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downsides and put you in an overall stronger financial position.&nbsp;</p>\n</html>",
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2017/10/04 19:35:24
authorschiffgold
permlinkcryptocurrency-website-says-now-is-a-good-time-for-gold
sbd payout0.025 SBD
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2017/10/04 14:27:24
parent author
parent permlinkhartford
authorschiffgold
permlinkmoody-s-investors-service-downgraded-hartford-s-credit-rating
titleMoody’s Investors Service Downgraded Hartford's Credit Rating
body<center>https://schiffgold.com/wp-content/uploads/2017/10/800px-Hartford_CT.jpg</center> What happens when government officials spend with virtually no restraint and they don't have a printing press that can crank out more money? Hartford, Connecticut. Last week, both S&amp;P Global Ratings and Moody’s Investors Service <a target="_blank" href="http://www.reuters.com/article/us-connecticut-ratings-hartford/hartfords-rating-sinks-deeper-into-junk-agencies-cite-possible-default-idUSKCN1C137O" rel="noopener">downgraded Hartford's credit rating deeper into junk status</a>. According to a <em>Reuters</em> report, the downgrade puts Hartford near the bottom of the credit scale. This means the agencies view the city as essentially in default with little prospect for a full bondholder recovery. <!--more-->According to S&amp;P analysts, "A default, a distressed exchange, or redemption appears to be a virtual certainty.” <blockquote>Hartford’s budgetary performance has been weak for several years, and the management environment remains constrained due to a structurally imbalanced budget with no credible corrective plan.”</blockquote> Moody's said there is “increased likelihood of default as early as November” adding that its rating reflects its expectation that bondholders will recover just 65 to 80% of their principal investments. In other words, if you invested in Hartford's future, you're probably about to get hosed. How did this happen? Hartford's politicians have run up around $530 million in outstanding debt. Mainstream outlets such as the <em>New York Times</em> blame a lack of tax revenue. But this seems a little dubious considering Hartford sits in one of the highest taxed states in the US. The fact of the matter is, the city, and more broadly the state, has a spending problem. Democrats have run this city since the 1970s. Like most Democrats (and Republicans for that matter), they gave unions and other special interests everything they wanted. City workers got big salaries and fat pensions. Now the time has come to pay the piper. Many struggling municipalities turn to their states for help. In Connecticut, that's like the beggar turning to the pauper for a handout. The state is also functionally bankrupt struggling under massive pension debt. It's running a $3.5 billion deficit. Its <a target="_blank" href="http://www.yankeeinstitute.org/2017/05/connecticuts-pension-liabilities-estimated-at-68-billion-in-new-study/" rel="noopener">pension liabilities stand at around $68 billion</a>. ranking it among the top-five underfunded pensions in the country. As Forbes put it <a href="https://schiffgold.com/key-gold-news/dont-assume-government-pension-will-ever-paid/">earlier this summer</a>: <blockquote>With state pension obligations already consuming half of their state budget, the state is beyond a weak position to bail out any municipality.”</blockquote> In 2015, Connecticut Gov. Dan Malloy signed a budget that included $1.1 billion in tax hikes. More than $700 million of the new tax burden fell on businesses and the middle class. It didn’t help. A <a target="_blank" href="https://ctmirror.org/2017/01/30/a-legacy-of-debt-connecticut-standing-on-its-own-fiscal-cliff/" rel="noopener">report by the Connecticut News Project</a> put it starkly. <blockquote>Simply, the bill is coming due in ever-increasing amounts for the 80-year failure of one of the richest states in the nation to adequately save for retirement benefits promised to teachers and state employees."</blockquote> In simplest terms, Hartford and the state of Connecticut are suffering the consequences of political malfeasance. It's easy to look at the Hartfords of the world and write them off as a special cases -  glaring examples of bad government. But in truth, Hartford is just a microcosm of America. It's business as usual. The fact is, the US federal government is actually in much worse fiscal shape than this functionally bankrupt city. The only difference is D.C. has a printing press and a central bank. That means it has a longer road along which it can kick the can. But like even the longest road, the pavement will eventually end. The problem with governments is they simply can't stop spending money, whether they have it or not. When Pres. Trump signed a bill raising the debt ceiling limit for the next three months, it instantly added approximately $318 billion to the national debt, raising it to $20.16 trillion. And Trump wants to <a href="https://schiffgold.com/videos/peter-schiff-debt-mother-dollar-bear-markets-video/">do away with the debt ceiling altogether</a>. Inflation-adjusted tax revenue has risen slightly since the Second World War, but the spending level has soared through the roof. This is not just an American phenomenon. Governments all over the world have piled up debt. Earlier this summer, US Global Investors CEO Frank Holmes called global debt “<a href="https://schiffgold.com/key-gold-news/the-mother-of-all-bubbles/">the mother of all bubbles</a>. And like every bubble - at some point it's going to burst - in Hartford, in Connecticut, in Washington D.C., and all over the world. <p style="text-align: center;"><a href="http://schiffgold.com/whybuygold.html"><img class="aligncenter size-full wp-image-8903" src="http://schiffgold.com/wp-content/uploads/2015/09/WhyBuyGoldNowBanner.070815.590.png" alt="WhyBuyGoldNowBanner.070815.590" width="590" height="168" /></a></p> <p style="text-align: center;"><em>Get Peter Schiff’s latest gold market analysis – <a target="_blank" href="https://schiffgold.com/gold-videocast.html" rel="noopener">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em> <em>Interested in learning <a href="https://schiffgold.com/buy/gold/">how to buy gold</a> and <a href="https://schiffgold.com/buy/silver/">buy silver</a>?</em> <em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>
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      "title": "Moody’s Investors Service Downgraded Hartford's Credit Rating",
      "body": "<center>https://schiffgold.com/wp-content/uploads/2017/10/800px-Hartford_CT.jpg</center>\n\nWhat happens when government officials spend with virtually no restraint and they don't have a printing press that can crank out more money?\n\nHartford, Connecticut.\n\nLast week, both S&amp;P Global Ratings and Moody’s Investors Service <a target=\"_blank\" href=\"http://www.reuters.com/article/us-connecticut-ratings-hartford/hartfords-rating-sinks-deeper-into-junk-agencies-cite-possible-default-idUSKCN1C137O\" rel=\"noopener\">downgraded Hartford's credit rating deeper into junk status</a>. According to a <em>Reuters</em> report, the downgrade puts Hartford near the bottom of the credit scale. This means the agencies view the city as essentially in default with little prospect for a full bondholder recovery.\n\n<!--more-->According to S&amp;P analysts, \"A default, a distressed exchange, or redemption appears to be a virtual certainty.”\n<blockquote>Hartford’s budgetary performance has been weak for several years, and the management environment remains constrained due to a structurally imbalanced budget with no credible corrective plan.”</blockquote>\nMoody's said there is “increased likelihood of default as early as November” adding that its rating reflects its expectation that bondholders will recover just 65 to 80% of their principal investments.\n\nIn other words, if you invested in Hartford's future, you're probably about to get hosed.\n\nHow did this happen? Hartford's politicians have run up around $530 million in outstanding debt. Mainstream outlets such as the <em>New York Times</em> blame a lack of tax revenue. But this seems a little dubious considering Hartford sits in one of the highest taxed states in the US. The fact of the matter is, the city, and more broadly the state, has a spending problem. Democrats have run this city since the 1970s. Like most Democrats (and Republicans for that matter), they gave unions and other special interests everything they wanted. City workers got big salaries and fat pensions. Now the time has come to pay the piper.\n\nMany struggling municipalities turn to their states for help. In Connecticut, that's like the beggar turning to the pauper for a handout. The state is also functionally bankrupt struggling under massive pension debt. It's running a $3.5 billion deficit. Its <a target=\"_blank\" href=\"http://www.yankeeinstitute.org/2017/05/connecticuts-pension-liabilities-estimated-at-68-billion-in-new-study/\" rel=\"noopener\">pension liabilities stand at around $68 billion</a>. ranking it among the top-five underfunded pensions in the country. As Forbes put it <a href=\"https://schiffgold.com/key-gold-news/dont-assume-government-pension-will-ever-paid/\">earlier this summer</a>:\n<blockquote>With state pension obligations already consuming half of their state budget, the state is beyond a weak position to bail out any municipality.”</blockquote>\nIn 2015, Connecticut Gov. Dan Malloy signed a budget that included $1.1 billion in tax hikes. More than $700 million of the new tax burden fell on businesses and the middle class.\n\nIt didn’t help.\n\nA <a target=\"_blank\" href=\"https://ctmirror.org/2017/01/30/a-legacy-of-debt-connecticut-standing-on-its-own-fiscal-cliff/\" rel=\"noopener\">report by the Connecticut News Project</a> put it starkly.\n<blockquote>Simply, the bill is coming due in ever-increasing amounts for the 80-year failure of one of the richest states in the nation to adequately save for retirement benefits promised to teachers and state employees.\"</blockquote>\nIn simplest terms, Hartford and the state of Connecticut are suffering the consequences of political malfeasance.\n\nIt's easy to look at the Hartfords of the world and write them off as a special cases -  glaring examples of bad government. But in truth, Hartford is just a microcosm of America. It's business as usual. The fact is, the US federal government is actually in much worse fiscal shape than this functionally bankrupt city. The only difference is D.C. has a printing press and a central bank. That means it has a longer road along which it can kick the can. But like even the longest road, the pavement will eventually end.\n\nThe problem with governments is they simply can't stop spending money, whether they have it or not. When Pres. Trump signed a bill raising the debt ceiling limit for the next three months, it instantly added approximately $318 billion to the national debt, raising it to $20.16 trillion. And Trump wants to <a href=\"https://schiffgold.com/videos/peter-schiff-debt-mother-dollar-bear-markets-video/\">do away with the debt ceiling altogether</a>. Inflation-adjusted tax revenue has risen slightly since the Second World War, but the spending level has soared through the roof.\n\nThis is not just an American phenomenon. Governments all over the world have piled up debt. Earlier this summer, US Global Investors CEO Frank Holmes called global debt “<a href=\"https://schiffgold.com/key-gold-news/the-mother-of-all-bubbles/\">the mother of all bubbles</a>.\n\nAnd like every bubble - at some point it's going to burst - in Hartford, in Connecticut, in Washington D.C., and all over the world.\n<p style=\"text-align: center;\"><a href=\"http://schiffgold.com/whybuygold.html\"><img class=\"aligncenter size-full wp-image-8903\" src=\"http://schiffgold.com/wp-content/uploads/2015/09/WhyBuyGoldNowBanner.070815.590.png\" alt=\"WhyBuyGoldNowBanner.070815.590\" width=\"590\" height=\"168\" /></a></p>\n<p style=\"text-align: center;\"><em>Get Peter Schiff’s latest gold market analysis – <a target=\"_blank\" href=\"https://schiffgold.com/gold-videocast.html\" rel=\"noopener\">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em>\n<em>Interested in learning <a href=\"https://schiffgold.com/buy/gold/\">how to buy gold</a> and <a href=\"https://schiffgold.com/buy/silver/\">buy silver</a>?</em>\n<em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>",
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2017/09/29 15:23:51
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2017/09/29 15:17:21
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2017/09/29 15:15:39
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titleSchiffGold's Friday Gold Wrap Podcast for Sept. 29, 2017 - Trump Tax Plan, Obamacare & Gold Fundamentals
bodyThe SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can <a target="_blank" href="https://itunes.apple.com/us/podcast/schiffgold-friday-gold-wrap-podcast/id1286718994?mt=2" rel="noopener">subscribe to the podcast on iTunes</a>. <p style="text-align: center;"><iframe src="https://www.youtube.com/embed/mddxWWcrVHA" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p> In this episode we talk about Pres. Trump's tax plan and what it might mean. And a more basic question: Can Congress get it done? We also discuss the failure of Obamacare repeal 3.0. Plus, we dig into some gold fundamentals most people don't pay much attention to. Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. You can also listen on SoundCloud <iframe src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/344564417&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%" height="166" frameborder="no" scrolling="no"></iframe> <br> <p style="text-align: center;"><em>Get Peter Schiff’s latest gold market analysis – <a target="_blank" href="https://schiffgold.com/gold-videocast.html" rel="noopener">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em> <em>Interested in learning <a href="https://schiffgold.com/buy/gold/">how to buy gold</a> and <a href="https://schiffgold.com/buy/silver/">buy silver</a>?</em> <em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>
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      "body": "The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can <a target=\"_blank\" href=\"https://itunes.apple.com/us/podcast/schiffgold-friday-gold-wrap-podcast/id1286718994?mt=2\" rel=\"noopener\">subscribe to the podcast on iTunes</a>.\n<p style=\"text-align: center;\"><iframe src=\"https://www.youtube.com/embed/mddxWWcrVHA\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe></p>\n\nIn this episode we talk about Pres. Trump's tax plan and what it might mean. And a more basic question: Can Congress get it done? We also discuss the failure of Obamacare repeal 3.0. Plus, we dig into some gold fundamentals most people don't pay much attention to.\n\nTune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.\n\nYou can also listen on SoundCloud\n<iframe src=\"https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/344564417&amp;color=%23ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false\" width=\"100%\" height=\"166\" frameborder=\"no\" scrolling=\"no\"></iframe>\n<br>\n<p style=\"text-align: center;\"><em>Get Peter Schiff’s latest gold market analysis – <a target=\"_blank\" href=\"https://schiffgold.com/gold-videocast.html\" rel=\"noopener\">click here</a> for a free subscription to his exclusive monthly Gold Videocast.</em>\n<em>Interested in learning <a href=\"https://schiffgold.com/buy/gold/\">how to buy gold</a> and <a href=\"https://schiffgold.com/buy/silver/\">buy silver</a>?</em>\n<em>Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!</em></p>",
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2017/09/27 20:57:42
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2017/09/27 20:57:06
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2017/09/27 20:56:54
parent authordragon40
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bodyWell stated. Here's a video that supports part of your article https://www.youtube.com/watch?v=UQCQFH5wOJo
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      "body": "Well stated. Here's a video that supports part of your article https://www.youtube.com/watch?v=UQCQFH5wOJo",
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2017/09/27 20:30:30
parent authormods
parent permlinktop-10-tanks-in-the-world
authorschiffgold
permlinkre-mods-top-10-tanks-in-the-world-20170927t203028919z
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bodyThe Italy tank looks pretty tough. The Israeli tank has a cool turret. Was the US one a joke? Looks like spare parts takn from a junk yard. They have much cooler tanks that that one.
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      "parent_permlink": "top-10-tanks-in-the-world",
      "author": "schiffgold",
      "permlink": "re-mods-top-10-tanks-in-the-world-20170927t203028919z",
      "title": "",
      "body": "The Italy tank looks pretty tough. The Israeli tank has a cool turret. Was the US one a joke? Looks  like spare parts takn from a junk yard. They have much cooler tanks that that one.",
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2017/09/27 19:51:06
parent authormuhammadhataf
parent permlinkre-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t194157756z
authorschiffgold
permlinkre-muhammadhataf-re-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t195106610z
title
bodyThis article is on Bitcoin and Physical Gold not Bitcoin Gold (BGOLD) so unfortunately, I don't know the answer to your question.
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      "author": "schiffgold",
      "permlink": "re-muhammadhataf-re-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t195106610z",
      "title": "",
      "body": "This article is on Bitcoin and Physical Gold not Bitcoin Gold (BGOLD) so unfortunately, I don't know the answer to your question.",
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2017/09/27 19:44:27
parent authorcheetah
parent permlinkcheetah-re-schiffgoldcryptocurrency-website-says-now-is-a-good-time-for-gold
authorschiffgold
permlinkre-cheetah-cheetah-re-schiffgoldcryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t194427340z
title
bodyI don't think there's a way to auto-post to this site and thus be a robot. The story was taken from our own site and shared here to share with the Steemit community. Is that a violation to do so?
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      "title": "",
      "body": "I don't think there's a way to auto-post to this site and thus be a robot. The story was taken from our own site and shared here to share with the Steemit community. Is that a violation to do so?",
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2017/09/27 19:42:00
parent authorschiffgold
parent permlinkcryptocurrency-website-says-now-is-a-good-time-for-gold
authormuhammadhataf
permlinkre-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t194157756z
title
bodyWhat will be the opening price of Bitcoin Gold. I am very much interested in it to buy.
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      "permlink": "re-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t194157756z",
      "title": "",
      "body": "What will be the opening price of Bitcoin Gold. I am very much interested in it to buy.",
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2017/09/27 19:36:24
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authorschiffgold
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2017/09/27 19:36:15
parent authorschiffgold
parent permlinkcryptocurrency-website-says-now-is-a-good-time-for-gold
authorcoinlend
permlinkre-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t193615414z
title
bodyIt's always good to invest in multiple asset classes!
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      "permlink": "re-schiffgold-cryptocurrency-website-says-now-is-a-good-time-for-gold-20170927t193615414z",
      "title": "",
      "body": "It's always good to invest in multiple asset classes!",
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2017/09/27 19:35:51
parent authorschiffgold
parent permlinkcryptocurrency-website-says-now-is-a-good-time-for-gold
authorcheetah
permlinkcheetah-re-schiffgoldcryptocurrency-website-says-now-is-a-good-time-for-gold
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://schiffgold.com/key-gold-news/cryptocurrency-website-says-now-good-time-gold/
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2017/09/27 19:35:48
votercheetah
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2017/09/27 19:35:24
parent author
parent permlinkbitcoin
authorschiffgold
permlinkcryptocurrency-website-says-now-is-a-good-time-for-gold
titleCryptocurrency Website Says Now Is a Good Time for Gold
body<center>![](https://steemitimages.com/DQmZFZdauyS328c5SkMQt4kbHRQpAUPT5QunncnWesEyubB/image.png)</center> Even some of the biggest supporters of Bitcoin and other cryptocurrencies recognize the stability of gold. Last week was <a href="https://schiffgold.com/key-gold-news/bitcoin-and-gold/">a bad week for Bitcoin</a>. It's price dropped significantly in the wake of a Chinese government crackdown on cryptocurrency exchanges in the country. Bitcoin's price has recovered a bit this week, but a recent article published by The Cointelegraph still proclaimed <a target="_blank" href="https://cointelegraph.com/news/bitcoin-under-fire-profit-for-gold" rel="noopener">now is a good time for gold</a>. <blockquote> <p dir="ltr">Cryptocurrencies, especially Bitcoin, have flown a little too close to the sun recently, and it has seen them get burned by a few key monetary institutions, as well as governments. This attack on Bitcoin, as well as fear and speculation around other markets, could spell a good time for investment in gold. Seen as an insurance policy, gold has been a steady and safe investment for hundreds of years. As markets, beyond even the crypto market, get spooked, investors could see a safety net in the precious metal."</p> </blockquote> The Cointelegraph article emphasized gold as a "safe steady investment." <blockquote> <p dir="ltr">When sexy cryptocurrencies came along, with their 800 percent gains in less than a year, many put their funds into it. However, in the bad times, and for those investors who are a little more cautious, gold acts as a good insurance policy, as well as a reliable option to diversify with."</p> </blockquote> <p dir="ltr"><h3>The article also highlights some real-world factors aiding gold's appeal.</h3></p> <ul> <li dir="ltr">Dollar devaluation</li> <li dir="ltr">Brexit</li> <li dir="ltr">Unpredictable Trump</li> <li dir="ltr">North Korea</li> <li dir="ltr">Global stock market bubble</li> <li dir="ltr">Interest rate policy</li> <li dir="ltr">Crypto under fire from governments</li> <li dir="ltr">Crypto bubble fears</li> <li dir="ltr">Negative campaign against crypto</li> <li dir="ltr">Gold a historically safe option</li> </ul> It's interesting to see a pro-gold piece published on a platform dedicated to cryptocurrency. At times, there can be a great deal of animosity between the worlds of crypto and precious metals. But as the article demonstrates, there really doesn't have to be. Cryptocurrencies and precious metals can peacefully coexist. The Cointelegraph takes a similar position as SchiffGold. It's good to diversify. Some investors have made a lot of money in the world of Bitcoin and other cryptocurrencies. But it remains a risky world. Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downsides and put you in an overall stronger financial position. SchiffGold can help you convert some of your Bitcoin into precious metals. Click <a href="https://schiffgold.com/buy/buying-gold-silver-bitcoin/">HERE</a> for more information.!
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      "body": "<center>![](https://steemitimages.com/DQmZFZdauyS328c5SkMQt4kbHRQpAUPT5QunncnWesEyubB/image.png)</center>\n\nEven some of the biggest supporters of Bitcoin and other cryptocurrencies recognize the stability of gold.\n\nLast week was <a href=\"https://schiffgold.com/key-gold-news/bitcoin-and-gold/\">a bad week for Bitcoin</a>. It's price dropped significantly in the wake of a Chinese government crackdown on cryptocurrency exchanges in the country. Bitcoin's price has recovered a bit this week, but a recent article published by The Cointelegraph still proclaimed <a target=\"_blank\" href=\"https://cointelegraph.com/news/bitcoin-under-fire-profit-for-gold\" rel=\"noopener\">now is a good time for gold</a>.\n<blockquote>\n<p dir=\"ltr\">Cryptocurrencies, especially Bitcoin, have flown a little too close to the sun recently, and it has seen them get burned by a few key monetary institutions, as well as governments. This attack on Bitcoin, as well as fear and speculation around other markets, could spell a good time for investment in gold. Seen as an insurance policy, gold has been a steady and safe investment for hundreds of years. As markets, beyond even the crypto market, get spooked, investors could see a safety net in the precious metal.\"</p>\n</blockquote>\n\nThe Cointelegraph article emphasized gold as a \"safe steady investment.\"\n<blockquote>\n<p dir=\"ltr\">When sexy cryptocurrencies came along, with their 800 percent gains in less than a year, many put their funds into it. However, in the bad times, and for those investors who are a little more cautious, gold acts as a good insurance policy, as well as a reliable option to diversify with.\"</p>\n</blockquote>\n<p dir=\"ltr\"><h3>The article also highlights some real-world factors aiding gold's appeal.</h3></p>\n\n<ul>\n \t<li dir=\"ltr\">Dollar devaluation</li>\n \t<li dir=\"ltr\">Brexit</li>\n \t<li dir=\"ltr\">Unpredictable Trump</li>\n \t<li dir=\"ltr\">North Korea</li>\n \t<li dir=\"ltr\">Global stock market bubble</li>\n \t<li dir=\"ltr\">Interest rate policy</li>\n \t<li dir=\"ltr\">Crypto under fire from governments</li>\n \t<li dir=\"ltr\">Crypto bubble fears</li>\n \t<li dir=\"ltr\">Negative campaign against crypto</li>\n \t<li dir=\"ltr\">Gold a historically safe option</li>\n</ul>\nIt's interesting to see a pro-gold piece published on a platform dedicated to cryptocurrency. At times, there can be a great deal of animosity between the worlds of crypto and precious metals. But as the article demonstrates, there really doesn't have to be. Cryptocurrencies and precious metals can peacefully coexist.\n\nThe Cointelegraph takes a similar position as SchiffGold.\n\nIt's good to diversify.\n\nSome investors have made a lot of money in the world of Bitcoin and other cryptocurrencies. But it remains a risky world. Diversifying your cryptocurrency portfolio with precious metals can help mitigate some of the potential downsides and put you in an overall stronger financial position.\n\nSchiffGold can help you convert some of your Bitcoin into precious metals. Click <a href=\"https://schiffgold.com/buy/buying-gold-silver-bitcoin/\">HERE</a> for more information.!",
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schiffgoldupdated their account properties
2017/09/27 19:15:09
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schiffgoldupdated their account properties
2017/09/27 19:14:33
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schiffgoldupdated their account properties
2017/09/27 19:13:00
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2017/09/27 19:06:12
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      "fee": "0.500 STEEM",
      "delegation": "57000.000000 VESTS",
      "creator": "steem",
      "new_account_name": "schiffgold",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM6hWZ5FzUW8G7bXekiXD8yf6kUw27c5S5xrz6kgJVBWP1uuMdLE",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM8RTs1XG3s6dzgc7wopWzsshLe7CfJXaUFAHqR5rpspDFD3iHvm",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM5mEPaeQTKEUyv9Y3C9LjKh4U29vYPkyR84a5To5dCrVjRh6Fgc",
            1
          ]
        ]
      },
      "memo_key": "STM7gJHQcriqZgqY4csgeQQ3b61oTtJHyoxfENPRYXuKfHu3AiTU1",
      "json_metadata": "",
      "extensions": []
    }
  ]
}

Account Metadata

POSTING JSON METADATA
profile{"profile_image":"https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png","cover_image":"https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png","name":"SchiffGold","about":"SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.","location":"New York, NY","website":"https://schiffgold.com/"}
JSON METADATA
profile{"profile_image":"https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png","cover_image":"https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png","name":"SchiffGold","about":"SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.","location":"New York, NY","website":"https://schiffgold.com/"}
{
  "posting_json_metadata": {
    "profile": {
      "profile_image": "https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png",
      "cover_image": "https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png",
      "name": "SchiffGold",
      "about": "SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.",
      "location": "New York, NY",
      "website": "https://schiffgold.com/"
    }
  },
  "json_metadata": {
    "profile": {
      "profile_image": "https://schiffgold.com/wp-content/uploads/2013/12/american-eagle-coin-physical-gold-asset-heads-e1501685158564.png",
      "cover_image": "https://schiffgold.com/wp-content/uploads/2013/11/buy-gold-ring-from-Frodo.png",
      "name": "SchiffGold",
      "about": "SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services.",
      "location": "New York, NY",
      "website": "https://schiffgold.com/"
    }
  }
}

Auth Keys

Owner
Single Signature
Public Keys
STM6hWZ5FzUW8G7bXekiXD8yf6kUw27c5S5xrz6kgJVBWP1uuMdLE1/1
Active
Single Signature
Public Keys
STM8RTs1XG3s6dzgc7wopWzsshLe7CfJXaUFAHqR5rpspDFD3iHvm1/1
Posting
Single Signature
Public Keys
STM5mEPaeQTKEUyv9Y3C9LjKh4U29vYPkyR84a5To5dCrVjRh6Fgc1/1
Memo
STM7gJHQcriqZgqY4csgeQQ3b61oTtJHyoxfENPRYXuKfHu3AiTU1
{
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6hWZ5FzUW8G7bXekiXD8yf6kUw27c5S5xrz6kgJVBWP1uuMdLE",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8RTs1XG3s6dzgc7wopWzsshLe7CfJXaUFAHqR5rpspDFD3iHvm",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5mEPaeQTKEUyv9Y3C9LjKh4U29vYPkyR84a5To5dCrVjRh6Fgc",
        1
      ]
    ]
  },
  "memo": "STM7gJHQcriqZgqY4csgeQQ3b61oTtJHyoxfENPRYXuKfHu3AiTU1"
}

Witness Votes

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No active witness votes.
[]