<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.stormrake.com/blogs/tag/gold/feed" rel="self" type="application/rss+xml"/><title>Stormrake - Insights #Gold</title><description>Stormrake - Insights #Gold</description><link>https://www.stormrake.com/blogs/tag/gold</link><lastBuildDate>Tue, 14 Apr 2026 17:53:47 +1000</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[What's Wrong with Bitcoin?]]></title><link>https://www.stormrake.com/blogs/post/What-is-Wrong-with-Bitcoin</link><description><![CDATA[<img align="left" hspace="5" src="https://www.stormrake.com/DALL·E 2024-05-13 17.49.00 - A realistic image of a Bitcoin coin- but with a modification where.webp"/>As a cryptocurrency brokerage we are often seeing new clients come to us for alts.&nbsp; Hello, I'm new to Stormrake, can you buy Shiba, Akita, Dogwifh ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_7Ac51rHpsjoqn5j0mhXrGw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_7Ac51rHpsjoqn5j0mhXrGw"] .zpimage-container figure img { width: 698px ; height: 698.00px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_7Ac51rHpsjoqn5j0mhXrGw"] .zpimage-container figure img { width:723px ; height:723.00px ; } } @media (max-width: 767px) { [data-element-id="elm_7Ac51rHpsjoqn5j0mhXrGw"] .zpimage-container figure img { width:415px ; height:415.00px ; } } [data-element-id="elm_7Ac51rHpsjoqn5j0mhXrGw"].zpelem-image { border-radius:1px; margin-block-start:44px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/DALL%C2%B7E%202024-05-13%2017.49.00%20-%20A%20realistic%20image%20of%20a%20Bitcoin%20coin-%20but%20with%20a%20modification%20where.webp" width="415" height="415.00" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_kieWxr4FABu32KNkQLZSjQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_kieWxr4FABu32KNkQLZSjQ"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_eJ1_nASdku1O0bf82pQjEg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eJ1_nASdku1O0bf82pQjEg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p><span style="font-size:16px;">As a cryptocurrency brokerage we are often seeing new clients come to us for alts.&nbsp;</span></p><p><span style="font-size:16px;"><br></span></p><p><span style="font-size:16px;color:inherit;">Hello, I'm new to Stormrake, can you buy Shiba, Akita, Dogwifhat, Kira the injective cat or HarryPotterObamaSonic10Inu Coin?</span><br></p><p><span style="font-size:16px;color:inherit;"><br></span></p><p><span style="font-size:16px;color:inherit;">While its true that we can service a very large set of coins the question has to be asked - What's wrong with Bitcoin?</span></p></div></div>
</div><div data-element-id="elm_F_5AsGgS6t44G0XSgmB8wQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_F_5AsGgS6t44G0XSgmB8wQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Diversification in Crypto</h2></div>
<div data-element-id="elm_VoaQDLW2CysodzrnmFfHNQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_VoaQDLW2CysodzrnmFfHNQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p style="font-size:12px;"><span style="font-size:12pt;">Do investors seek alt-coins because they want Diversification?</span></p><p style="font-size:12px;"><span style="font-size:12pt;"><br></span></p><p style="font-size:12px;"><span style="font-size:12pt;">Warren Buffett himself is famously quoted saying, &quot;Wide diversification is only required when investors do not understand what they are doing&quot;. For Buffett every investment needs to be thoroughly researched and understood. Once you have conviction it is ok to have an outsized position in a single asset that you actually understand. He was also quoted as saying &quot;Diversification may preserve wealth, but concentration builds wealth&quot;. If you are trying to build wealth then diversification may actually be preventing you from having a chance of reaching that goal.&nbsp;</span></p><p style="font-size:12px;"><span style="font-size:12pt;"><br></span></p><p style="font-size:12px;"><span style="font-size:12pt;">In the context of crypto there are over 14,000 coins but Bitcoin is worth over 50% of all the top 125 coins. Effectively it is the majority of the market on its own. If you follow classic diversification over 50% of your portfolio should be bitcoin.&nbsp;</span></p><p style="font-size:12px;"><span style="font-size:12pt;"><br></span></p><p style="font-size:12px;"><span style="font-size:12pt;">Bitcoin leads the way and the rest follows. The whole point of diversification is bringing together assets that act differently at different times (Negative correlation). However, in an environment where the other coins are just following Bitcoin you may be just increasing risk by adding high volatility altcoins.</span></p><p style="font-size:12px;"><span style="font-size:12pt;"><br></span></p><p style="font-size:12px;"><span style="font-size:12pt;">Overall, diversification is not a great reason to be collecting altcoins.</span></p></div></div>
</div><div data-element-id="elm_ZBaBGHuKKohuuXkjq6O9Hw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_ZBaBGHuKKohuuXkjq6O9Hw"] .zpimage-container figure img { width: 698px ; height: 698.00px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_ZBaBGHuKKohuuXkjq6O9Hw"] .zpimage-container figure img { width:723px ; height:723.00px ; } } @media (max-width: 767px) { [data-element-id="elm_ZBaBGHuKKohuuXkjq6O9Hw"] .zpimage-container figure img { width:415px ; height:415.00px ; } } [data-element-id="elm_ZBaBGHuKKohuuXkjq6O9Hw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Should%20you%20really%20diversify.jpeg" width="415" height="415.00" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_nSzmpMDBkD_vHrbIIuBThw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nSzmpMDBkD_vHrbIIuBThw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;"><span style="font-size:16px;">There is enough data and information for even the newest crypto investors to understand that when Bitcoin is in a bull market, altcoins have experienced a greater rise. However, when the tide turns and Bitcoin faces a downturn, the ripple effects are felt far more acutely across these altcoins. Altcoins are considered to be leveraged bets on the performance of Bitcoin.</span></span><br></p></div>
</div><div data-element-id="elm_owp9Pe1QqGIQhwZHThPUvQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_owp9Pe1QqGIQhwZHThPUvQ"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TZHCIAwSbBFTl3ys7UJFXg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TZHCIAwSbBFTl3ys7UJFXg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;"><span style="font-size:24px;">Over a Decade on, Bitcoin Still Reigns Supreme</span></span><br></h2></div>
<div data-element-id="elm_brXGmwtGYoH2THJ7qwwiCw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_brXGmwtGYoH2THJ7qwwiCw"] .zpimage-container figure img { width: 698px ; height: 403.99px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_brXGmwtGYoH2THJ7qwwiCw"] .zpimage-container figure img { width:723px ; height:418.45px ; } } @media (max-width: 767px) { [data-element-id="elm_brXGmwtGYoH2THJ7qwwiCw"] .zpimage-container figure img { width:415px ; height:240.19px ; } } [data-element-id="elm_brXGmwtGYoH2THJ7qwwiCw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/2412.png" width="415" height="240.19" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_O6cnTHQ8N3wDWqsWvNFOvg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_O6cnTHQ8N3wDWqsWvNFOvg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><p style="font-size:12px;"><span style="font-size:12pt;">The rise and fall of projects claiming to be ‘BTC killers’ serve as cautionary tales against betting on anything other than the proven resilience of Bitcoin. The chart above shows the performance of over 2400 coins between 2010-2020. The main takeaway is that Bitcoin (black line) continues to grow whilst altcoins struggle to last more than a couple of cycles and more often than not, become worthless (as shown by majority of the coloured lines converging at the horizontal red line). Time and again, we hear about the ‘next big thing’, it is rare these coins become a cornerstone of the crypto space. People have made millions in these alt coins. However, we've witnessed the hype surrounding these alt coins dissipate, leaving the majority of investors disillusioned, left holding coins that were once worth something but are now worthless and regretting not rotating their profits into Bitcoin.</span></p><p style="font-size:12px;"><span style="font-size:12pt;"><br></span></p><p style="font-size:12px;"><span style="font-size:12pt;">Ethereum is often hailed as Bitcoin's chief rival, ‘the one to flip Bitcoin’ and claim Bitcoin’s number one spot. Ethereum has been revolutionary in the crypto space through introducing groundbreaking concepts such as smart contracts and decentralised applications. However, It’s held back by scalability issues and network congestion that seem to be ongoing through the countless ‘upgrades’ and the nearly decade it has been around. Furthermore, Ethereum lacks the scarcity that underpins Bitcoin's value proposition, casting doubt on its long-term viability as a store of value. Then there is the centralisation issues, a topic worthy of its own article&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_HjDzsjTS8IGYwnvtVu8avA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_HjDzsjTS8IGYwnvtVu8avA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_fE8bH_OGeSx-MDo73M9wnQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_fE8bH_OGeSx-MDo73M9wnQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;">The Allure of Altcoins</span></h2></div>
<div data-element-id="elm_TmzyBgn1fX1mBCmMTerjQg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_TmzyBgn1fX1mBCmMTerjQg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><p style="font-size:12px;"><span style="font-size:12pt;">As the cryptocurrency world continues to grow everyday with new coins, new investors and new money entering the space. Bitcoin remains the benchmark for the entire industry. So why venture elsewhere? Especially for those new investors who are yet to grasp the nuances of this emerging asset class, the rationale behind exploring alternative cryptocurrencies doesn’t make sense. For a lot of people, the allure of crypto is the potential to make ‘quick and easy money’. New investors want to make a quick 100x by buying into the latest fad that some online influencer has promoted. However, veterans and mature traders understand that when something is too good to be true, it usually is and their warning signs start flashing.</span></p><br style="font-size:12px;"><p style="font-size:12px;"><span style="font-size:12pt;">As for the allure of altcoins, investors are drawn to the prospect of quick profits and speculative trading opportunities. Others are enticed by the promise of revolutionary technologies or visionary founders. However, amidst the frenzy of the crypto ecosystem and the enticement of making a quick buck, it's vital to keep a clear understanding of Bitcoin's unmatched value proposition.</span></p><br style="font-size:12px;"><p style="font-size:12px;"><span style="font-size:12pt;">Over the last 12 months we have witnessed the beginning of a bull market as the crypto market saw itself more than double in market cap reaching just over $2.2 trillion USD. As we know, when crypto markets rally, altcoins should outperform BTC. At the previous cycle, during the peak of the crypto space, 85 of the top 100 coins had outperformed Bitcoin. However, things were different over the past year, with only 29 of the top 100 cryptocurrencies outperforming Bitcoin. This is incredibly disappointing news to those who chose to hold altcoins rather than Bitcoin. As the crypto space grows, Bitcoin continues to mature, become more mainstream and recognised by traditional institutions, it will get harder for altcoins to outperform Bitcoin.</span></p><br style="font-size:12px;"><p style="font-size:12px;"><span style="font-size:12pt;">At the heart of the matter lies a fundamental truth: Bitcoin's dominance in the crypto space is here to stay. Since its inception, Bitcoin has consistently held the top spot in the industry and shows no signs of relinquishing its position anytime soon.</span></p></div></div>
</div><div data-element-id="elm_J0H1JPLtLIUmfI2862e_tg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J0H1JPLtLIUmfI2862e_tg"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_vUbZAmLihhPftFGWsYRJ4Q" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_vUbZAmLihhPftFGWsYRJ4Q"] .zpimage-container figure img { width: 305px !important ; height: 346px !important ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_vUbZAmLihhPftFGWsYRJ4Q"] .zpimage-container figure img { width:305px ; height:346px ; } } @media (max-width: 767px) { [data-element-id="elm_vUbZAmLihhPftFGWsYRJ4Q"] .zpimage-container figure img { width:305px ; height:346px ; } } [data-element-id="elm_vUbZAmLihhPftFGWsYRJ4Q"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-original zpimage-tablet-fallback-original zpimage-mobile-fallback-original hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/CAGR%20BTC%20VS%20GOLD%20VS%20SP500.jpeg" width="305" height="346" loading="lazy" size="original" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_AuXBssXenXolFSnj0I26VQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_AuXBssXenXolFSnj0I26VQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_AuXBssXenXolFSnj0I26VQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } </style><div class="zptext zptext-align-left " data-editor="true"><p>The table above shows Bitcoin's Compound Annual Growth Rate (CAGR) vs other major investments. Bitcoin continues to show why it has been the number one investment performer over its lifespan with an average return of 155% p.a, whilst Gold has only returned 7% over the same 14 year period.&nbsp;</p><p><br></p><p>This proves that the accumulation of Bitcoin is one of the most rewarding investments. To receive the full benefits of Bitcoin's CAGR, one should continue to accumulate BTC over the years regardless of the price. By doing so, one is likely to be rewarded and greatly outperform all alternative investment options.</p></div>
</div><div data-element-id="elm_LrXOJ-kf8Kou40vG3Rtf7w" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_LrXOJ-kf8Kou40vG3Rtf7w"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_1HFic5Jr1sEGEhgrFq_HMA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_1HFic5Jr1sEGEhgrFq_HMA"].zpelem-text { border-radius:1px; margin-block-start:42px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><span style="color:inherit;"><div style="color:inherit;"><p style="font-size:12px;"><span style="color:inherit;"><span style="font-size:16px;">In conclusion, the case for Bitcoin as the premier cryptocurrency is clear and compelling. By consolidating investments in Bitcoin, investors can navigate the volatile crypto market with greater confidence and stability. As Warren Buffett stated, “The stock market is designed to transfer money from the Active to the Patient.” Similarly, in the realm of cryptocurrencies, patience and prudence, anchored by Bitcoin's proven track record, are the keys to long-term success and wealth preservation in the crypto space. So let me ask you, what is wrong with Bitcoin?</span></span><br></p></div></span></div></div></div>
</div><div data-element-id="elm_Mgga8K_l1ErnLZF0Ho7OFg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_Mgga8K_l1ErnLZF0Ho7OFg"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
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 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=alex" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Reach out to us at Stormrake for further market insight and allow us to help you navigate the sea of&nbsp;</span><span style="color:inherit;">mania and laser-eye memes, so that you can realise your goals in the market!</span></p></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.&nbsp;Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.<br style="text-align:center;"><br style="text-align:center;"><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 04 Jun 2024 10:33:09 +1000</pubDate></item><item><title><![CDATA[Understanding the Howey Test and the Exclusion of Bitcoin as a Security]]></title><link>https://www.stormrake.com/blogs/post/the-great-gold-confiscation-a-brief-history-and-bitcoin-s-role-in-secure-asset-storage1</link><description><![CDATA[The recent lawsuits filed by the SEC against Binance and Coinbase have sparked discussions about the classification of cryptocurrencies as securities. ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_zNeDpFr5gKUe2Qtk5EiH2A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zNeDpFr5gKUe2Qtk5EiH2A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p class="p1 " style="font-stretch:normal;line-height:1.5;"><span style="color:inherit;">The recent lawsuits filed by the SEC against Binance and Coinbase have sparked discussions about the classification of cryptocurrencies as securities. The Howey Test, a legal framework used by the SEC to determine whether an investment qualifies as a security, plays a crucial role in these debates. While the SEC argues that several tokens meet the criteria outlined in the Howey Test, it is important to note that Bitcoin stands apart from this classification. Additionally, Bitcoin's decentralized nature poses unique challenges for regulatory bodies. This article delves into the Howey Test, the exclusion of Bitcoin as a security, and the implications of its decentralized structure.</span><br></p></div>
</div><div data-element-id="elm_ZEve1J7nMHopr45aWqXgCQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ZEve1J7nMHopr45aWqXgCQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-style:italic;">The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.</span><br></p></div>
</div><div data-element-id="elm_TiiXjMXTaEkjzzxOWsBcgA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TiiXjMXTaEkjzzxOWsBcgA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span style="color:inherit;">The Howey Test: An Overview</span><br></div></div></div></h2></div>
<div data-element-id="elm_eJ1_nASdku1O0bf82pQjEg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eJ1_nASdku1O0bf82pQjEg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div><div><span style="color:inherit;">The Howey Test, derived from the landmark court case SEC vs. W.J. Howey Co., establishes criteria for determining whether an investment qualifies as a security. These criteria include an investment of money, in a common enterprise, with an expectation of profit derived predominantly from the efforts of others. The SEC argues that the 19 tokens mentioned in the lawsuits against Binance and Coinbase meet these criteria, thereby making them subject to securities regulations.</span><br></div></div></div><div></div></div>
</div><div data-element-id="elm_xu45slU5F1-wlHqGh8pyjQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_xu45slU5F1-wlHqGh8pyjQ"] .zpimage-container figure img { width: 668px ; height: 445.33px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_xu45slU5F1-wlHqGh8pyjQ"] .zpimage-container figure img { width:723px ; height:482.00px ; } } @media (max-width: 767px) { [data-element-id="elm_xu45slU5F1-wlHqGh8pyjQ"] .zpimage-container figure img { width:415px ; height:276.67px ; } } [data-element-id="elm_xu45slU5F1-wlHqGh8pyjQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Gary%20Gensler%20Warren%20Whispers%20in%20ear%20dodgy.jpeg" width="415" height="276.67" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_Nkvi3TjVpI6eROgvVyu_8g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Nkvi3TjVpI6eROgvVyu_8g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;">Bitcoin's Unique Status</span><br></h2></div>
<div data-element-id="elm_ulfeaudaWE56L7G8yFhdIg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ulfeaudaWE56L7G8yFhdIg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">One notable exception from the list of tokens subject to scrutiny is Bitcoin. Unlike the tokens in question, Bitcoin holds a distinct position when it comes to securities regulation. This is primarily due to two factors: the absence of pre-mining and the lack of an expectation of benefit during its creation. Bitcoin's decentralized and open nature, as envisioned by its anonymous creator or creators using the pseudonym Satoshi Nakamoto, sets it apart from tokens that were pre-mined or created with the expectation of profit.</span><br></p></div>
</div><div data-element-id="elm_UBw2Vq6FlF9Kur6huNmoHA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_UBw2Vq6FlF9Kur6huNmoHA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><span style="color:inherit;">Decentralization and Regulatory Challenges</span><br></div></h2></div>
<div data-element-id="elm_i5jMPud7mFi0nPxU2H4NMw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_i5jMPud7mFi0nPxU2H4NMw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">Another key aspect of Bitcoin's distinction lies in its decentralized structure. Unlike traditional assets and many other cryptocurrencies, Bitcoin does not have a centralized authority, CEO, or headquarters. While this decentralization is one of Bitcoin's core strengths, regulatory bodies like the SEC are powerless to impose &quot;regulation by enforcement&quot;. Since there is no specific entity to hold accountable or communicate with, there is no way to sue bitcoin or harm the founder.</span><br></p></div>
</div><div data-element-id="elm_yFmYbwNoLeRTylrB0UJExw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width: 668px ; height: 416.94px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width:723px ; height:451.27px ; } } @media (max-width: 767px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width:415px ; height:259.03px ; } } [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Bitcoin-statue%20unveiling%20.jpeg" width="415" height="259.03" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_eJyhcnhnL6xKgO9F8TSufw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eJyhcnhnL6xKgO9F8TSufw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;">Bitcoin's Impact on the Crypto Industry</span><br></h2></div>
<div data-element-id="elm_vwZiYV_iahINXL7hQAfQeQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vwZiYV_iahINXL7hQAfQeQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div><span style="color:inherit;">Bitcoin's exemption from being classified as a security carries significant implications for the broader cryptocurrency industry. As the first and most well-known cryptocurrency, Bitcoin's status as a non-security reinforces its position as a separate and distinct asset class. This has helped solidify its appeal as a decentralized and censorship-resistant form of digital money.</span><br></div></div></div>
</div><div data-element-id="elm_HbsJtMSdW-DFG-N1IswojQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_HbsJtMSdW-DFG-N1IswojQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;">List of Cryptocurrencies named as Securities by the SEC</span></h2></div>
<div data-element-id="elm_vF4kNU063AYVv2Ukyl0Xng" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vF4kNU063AYVv2Ukyl0Xng"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div>Consider your investments and talk to your broker if you have any of the following:</div><div><br></div><div>Ripple (XRP)</div><div>Telegram’s Gram (TON)</div><div>LBRY Credits (LBC)</div><div>OmiseGo (OMG)</div><div>DASH (DASH)</div><div>Algorand (ALGO)&nbsp;</div><div>Naga (NGC)</div><div>Monolith (TKN)</div><div>IHT Real Estate (IHT)</div><div>Power Ledger (POWR)</div><div>Kromatica (KROM)</div><div>DFX Finance (DFX)</div><div>Amp (AMP)</div><div>Rally (RLY)</div><div>Rari Governance Token (RGT)</div><div>DerivaDAO (DDX)</div><div>XYO Network (XYO)</div><div>Liechtenstein Cryptoasset Exchange (LCX)</div><div>Kin (KIN)</div><div>Salt Lending (SALT)</div><div>Beaxy Token (BXY)</div><div>DragonChain (DRGN)</div><div>Tron (TRX)</div><div>BitTorrent (BTT)</div><div>Terra USD (UST)</div><div>Luna (LUNA)</div><div>Mirror Protocol (MIR)</div><div>Mango (MNGO)</div><div>Ducat (DUCAT)</div><div>Locke (LOCKE)</div><div>EthereumMax (EMAX)</div><div>Hydro (HYDRO)</div><div>BitConnect (BCC)</div><div>Meta 1 Coin (META1)</div><div>Filecoin (FIL)</div><div>Binance Coin (BNB)</div><div>Binance USD (BUSD)</div><div>Solana (SOL)</div><div>Cardano (ADA)</div><div>Polygon (MATIC)</div><div>Cosmos (ATOM)</div><div>The Sandbox (SAND)</div><div>Decentraland (MANA)</div><div>Axie Infinity (AXS)</div><div>COTI (COTI)</div><div>Paragon (PRG)</div><div>AirToken (AIR)</div><div>Chiliz (CHZ)</div><div>Flow (FLOW)</div><div>Internet Computer (ICP)</div><div>Near (NEAR)</div><div>Voyager Token (VGX)</div><div>Nexo (NEXO)</div></div></div>
</div><div data-element-id="elm_Vfy7hk4DVJefZfV4cPbLgA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Vfy7hk4DVJefZfV4cPbLgA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Conclusion<br></h2></div>
<div data-element-id="elm_4Ks8inJYxhbYbMX0O7qHeA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4Ks8inJYxhbYbMX0O7qHeA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><span style="color:inherit;">The recent SEC lawsuits against Binance and Coinbase have brought the classification of cryptocurrencies as securities into the spotlight. While the Howey Test serves as the legal framework for determining securities status, Bitcoin remains exempt due to its unique attributes. Its decentralized nature and absence of pre-mining and expectation of benefit during its creation distinguish it from tokens subject to regulatory scrutiny. As the cryptocurrency industry moves forward, it is crucial to strike a balance between regulatory clarity and fostering innovation, ensuring a thriving and investor-protected environment for all stakeholders.</span><br></div></div>
</div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Create a brokerage account today</h2></div>
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</div><div data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p>If you enjoyed this Thunder Trading, feel free to open an account and gain access to more proprietary research and work with your very own dedicated crypto broker.</p></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.&nbsp;Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.<br style="text-align:center;"><br style="text-align:center;"><span style="text-align:center;">Copyright © 2022 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 15 Jun 2023 13:01:58 +1000</pubDate></item><item><title><![CDATA[The Great Gold Confiscation: A Brief History of Gold Regulation in the USA]]></title><link>https://www.stormrake.com/blogs/post/the-great-gold-confiscation-a-brief-history</link><description><![CDATA[Throughout history, gold has held a prominent place in human civilization, representing wealth, power, and stability. In the United States, the relati ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_zNeDpFr5gKUe2Qtk5EiH2A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zNeDpFr5gKUe2Qtk5EiH2A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p class="p1 " style="font-stretch:normal;line-height:1.5;"><span style="color:inherit;">Throughout history, gold has held a prominent place in human civilization, representing wealth, power, and stability. In the United States, the relationship between the government and gold has had its share of significant events, including the infamous &quot;Great Gold Confiscation&quot; in the 20th century. This article delves into the short history of gold regulation in the USA, exploring the circumstances surrounding this extraordinary event.</span><br></p></div>
</div><div data-element-id="elm_ZEve1J7nMHopr45aWqXgCQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ZEve1J7nMHopr45aWqXgCQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;font-style:italic;">The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.</span><br></p></div>
</div><div data-element-id="elm_TiiXjMXTaEkjzzxOWsBcgA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TiiXjMXTaEkjzzxOWsBcgA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span style="color:inherit;">The Gold Standard Era</span><br></div></div></div></h2></div>
<div data-element-id="elm_eJ1_nASdku1O0bf82pQjEg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eJ1_nASdku1O0bf82pQjEg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div><div><span style="color:inherit;">In the 19th and early 20th centuries, the gold standard played a vital role in the US monetary system. Under the gold standard, the value of the dollar was directly linked to a fixed amount of gold. Citizens could freely exchange paper currency for gold, reinforcing trust in the monetary system. However, the gold standard also posed challenges, as the availability of gold limited the flexibility of monetary policy during economic downturns.</span><br></div></div></div><div></div></div>
</div><div data-element-id="elm_Nkvi3TjVpI6eROgvVyu_8g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Nkvi3TjVpI6eROgvVyu_8g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><div>The Emergency Banking Act of 1933</div></div></h2></div>
<div data-element-id="elm_ulfeaudaWE56L7G8yFhdIg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ulfeaudaWE56L7G8yFhdIg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:inherit;">The US and the world in general was running out of gold. In response to the Great Depression, President Franklin D. Roosevelt signed the Emergency Banking Act into law on March 9, 1933. Officially, the act aimed to stabilize the banking system and revive the economy. It included provisions that impacted the ownership and trading of gold by US citizens.</span><br></p></div>
</div><div data-element-id="elm_UBw2Vq6FlF9Kur6huNmoHA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_UBw2Vq6FlF9Kur6huNmoHA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;">Executive Order 6102</div></div></h2></div>
<div data-element-id="elm_i5jMPud7mFi0nPxU2H4NMw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_i5jMPud7mFi0nPxU2H4NMw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div>On April 5, 1933, President Roosevelt issued Executive Order 6102, which prohibited the &quot;hoarding&quot; of gold coins, gold bullion, and gold certificates by individuals, partnerships, and corporations. The order required citizens to sell their gold holdings to the Federal Reserve at the prevailing market price, effectively ending the free ownership and circulation of gold.</div></div></div>
</div><div data-element-id="elm_yFmYbwNoLeRTylrB0UJExw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width: 668px ; height: 375.75px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width:723px ; height:406.69px ; } } @media (max-width: 767px) { [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"] .zpimage-container figure img { width:415px ; height:233.44px ; } } [data-element-id="elm_yFmYbwNoLeRTylrB0UJExw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/executive%20order%206102%20zoomed%20in.webp" width="415" height="233.44" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_eJyhcnhnL6xKgO9F8TSufw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eJyhcnhnL6xKgO9F8TSufw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;">Official Reasons behind the Confiscation</span><br></h2></div>
<div data-element-id="elm_vwZiYV_iahINXL7hQAfQeQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vwZiYV_iahINXL7hQAfQeQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div><span style="color:inherit;">The Great Gold Confiscation was driven by multiple factors. The government sought to boost the economy by injecting liquidity into the system. By confiscating gold, they aimed to increase the money supply, stimulate lending, and encourage investment in other sectors. Additionally, officials argued that hoarding gold hindered the nation's recovery efforts, as it reduced the effectiveness of monetary policy. In reality, the US government was in deep financial trouble and horribly short of physical gold.&nbsp;</span><br></div></div></div>
</div><div data-element-id="elm_HbsJtMSdW-DFG-N1IswojQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_HbsJtMSdW-DFG-N1IswojQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;">Impact and Repercussions</div></h2></div>
<div data-element-id="elm_vF4kNU063AYVv2Ukyl0Xng" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vF4kNU063AYVv2Ukyl0Xng"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>The confiscation of gold faced mixed reactions from the public. While some citizens complied with the order, others protested, seeing it as an infringement on personal property rights. The government established strict penalties for non-compliance, including fines and imprisonment. The gold confiscated from individuals and institutions was stored in the United States Bullion Depository at Fort Knox.</div></div></div></div>
</div><div data-element-id="elm_Vfy7hk4DVJefZfV4cPbLgA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Vfy7hk4DVJefZfV4cPbLgA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><div style="color:inherit;"><div>Abandoning the Gold Standard</div></div></h2></div>
<div data-element-id="elm_4Ks8inJYxhbYbMX0O7qHeA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4Ks8inJYxhbYbMX0O7qHeA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>In 1971, under President Richard Nixon, the United States officially abandoned the gold standard. This decision severed the direct link between the US dollar and gold, allowing for more flexibility in monetary policy but also introducing new challenges in managing inflation and currency stability. Since that time wages have failed to keep pace with productivity and deficits and state borrowing have skyrocketed. Money printing has become the norm as FIAT dollars were cheap to print and politically easier to sell than new taxes.</div></div></div></div>
</div><div data-element-id="elm_5wjPE8D3b-8hyWsSR7OBXA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_5wjPE8D3b-8hyWsSR7OBXA"] .zpimage-container figure img { width: 668px ; height: 485.97px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_5wjPE8D3b-8hyWsSR7OBXA"] .zpimage-container figure img { width:723px ; height:525.98px ; } } @media (max-width: 767px) { [data-element-id="elm_5wjPE8D3b-8hyWsSR7OBXA"] .zpimage-container figure img { width:415px ; height:301.91px ; } } [data-element-id="elm_5wjPE8D3b-8hyWsSR7OBXA"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/what%20went%20wrong%20in%201971.productivity%20compensation.jpg" width="415" height="301.91" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_048DmZICcTHI-3lQmb0CYQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_048DmZICcTHI-3lQmb0CYQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Bitcoin Confiscation</h2></div>
<div data-element-id="elm_MagyApM-FSqNBoBV48p5iA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_MagyApM-FSqNBoBV48p5iA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p>Knowing the history of Gold confiscation in the USA leads to the inevitable question: Can the government confiscate Bitcoin if it gets too valuable? Bitcoiners worry about this possibility and this is where proper storage comes in. If you hold your own keys it is very hard for confiscations to occur. If you store Bitcoin on exchange it is very easy for the government to come in and confiscate en masse. Consider how YOU store your Bitcoin</p></div>
</div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://forms.zohopublic.com.au/accounts22/form/SignUpTest/formperma/vmcv9Z-Mbevq0PqSkb5HLiaPOjnKFCSlRXp241IiQ4U" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_DlsPQhvo8Mihmo7ywNd8lw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p>If you enjoyed this Thunder Trading, feel free to open an account and gain access to more proprietary research and work with your very own dedicated crypto broker.</p></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.&nbsp;Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.<br style="text-align:center;"><br style="text-align:center;"><span style="text-align:center;">Copyright © 2022 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 15 Jun 2023 13:01:58 +1000</pubDate></item></channel></rss>