The Worlds Only 100% Gold-Backed Bank How To Put Yourself on a Personal Gold Standard By Greg McCoach Sunday, October 19th, 2008 Its a wonder Americans arent rioting in the streets. Not including the $700 billion blank check issued to the banks and signed by the US taxpayer, the sum of liabilities assumed by the US government from the finance industry in the past 6 months alone exceeds 50% of the GDP. Despite this unprecedented government intervention, the solvency of other every commercial and investment bank is still at stake! Recognize this all-but-forgotten quote? The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. — Thomas Jefferson, Founding Father, Third President of the United States, and the principal author of the US Declaration of Independence How bout a drink from the cup of truth... The Bush administrations $700 billion bailout plan may keep some banks afloat for the time being. But fundamental problems are still deeply rooted within the financial markets that threaten to bring down the whole system. The hard truth is that there is no 100% safe place to keep your money. Physical cash and gold are the safest places to hold your wealth right now. Anyone who tells you otherwise has either a motive or no clue. Those with the means to do so should be holding at least some physical cash and gold. Of course, people will debate why you should hold these assets... Gold is the ultimate in hedging against financial turmoil. But as it stands today, its quite rare to find someone willing to trade a product or service for gold. In other words, its difficult to spend gold like money, which has been a criticism of owning physical gold for decades. Todays digital age allows consumers to move electronic fiat money around at speeds exponentially faster than ever before. This morning I paid my cable bill with my check card. The entire transaction was completed within 5 minutes. Had I paid by mailing a check, it could have taken up 1-2 days to reach the cable company and 3-5 days to clear my account. So what if there was a way gold could be used as easily as electronic money? The Worlds Only 100% Backed-by-Gold Bank You might have a hard time believing this, but you can actually put yourself on a personal gold standard with a new kind of currency, and its rapidly growing among gold bugs. Understand first, this new currency is not legal tender issued by any government. That means theres no debt, inflation, geopolitical turmoil, or any other considerations normally associated with government-issued currency. The currency comes in electronic form, but can be used like any other currency in the world today to pay for goods and services, and even settle debt. But theres one major difference that sets this currency apart from every other in the world: Its 100% backed by gold. In fact, in most cases you can instantly exchange this currency for physical gold at any time... a feature taken away from the US dollar decades ago. This currency has a new system fully established, making it as easy to use as the current banking industrys electronic money. Right now, in fact, there are already over 3,000 outfits—and climbing—in which you can pay online using this currency. How the Gold Bank Works Customers transfer funds from traditional bank accounts into these unique gold-backed bank accounts, and earn interest on their funds prior to placing an order. Meanwhile, for customers already holding gold and silver in secured (and insured) vaults, their metals are insured and held in specialized bullion vaults. Their metals assets go through an annual audit, and are fully reported to customers. Once customers funds are in the database, customers orders are made through its secure online system. Database servers record all transactions and store currency and metal balances. The Advantages of Using this Currency? Being backed by gold, the purchasing power of this currency fluctuates in relation to the price of gold. This means that as the price of gold increases, the purchasing power of the account increases. On the flip side, however, if the price of gold falls, so does the value of the account. Nonetheless, the risk of significant price fluctuation in gold is small compared to the risk of value fluctuations among fiat currencies, especially the US dollar. And despite a short-term correction, the price of gold has increased significantly over the past five years. So this factor has worked out to the advantage of anyone holding this currency over that period. And with +$2,000 gold on the horizon, holders of this currency should do quite well in the future. Now you should know that Im in no way affiliated with this service, nor do I receive any compensation from it. That said... I Recently Put the Final Touches on my New Research Report... This report shares all the details about the new gold-backed electronic currency, and its yours free after you take a risk-free trial of the Mining Speculator service. Its your chance to get in on the biggest and best buying opportunity in junior gold and silver stocks... ever. Thats right. The junior gold market is about to blast off, after a brutal beat-down sparked by the financial crisis. Truth is, its pushed many gold and silver stocks to new lows... ... Which is why you dont want to wait a minute longer to position yourself in the Mining Speculators mining and precious metals portfolio. Our team of analysts scour the earth for opportunities in gold, as protection against the financial uncertainties engulfing the U.S. and world markets. Its the ultimate opportunity in a period of great crisis. You see, as our government continues to lose control of its ability to manage and prop up markets, gold and silver will undoubtedly make meteoric moves that will stun the populace. And just in case you still harbor doubts about gold, consider this... reported last week in the Financial Times... ... Investors in gold are demanding unprecedented amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen. And since gold bullion is getting harder and harder to come by, more investors are looking for the next best alternative, and thats... Precious Metals Mining Stocks Bottom line: Junior mining stocks will begin to make major moves to the upside, rewarding those who got in early and held on... and those who get in now at what are, frankly, bargain share prices. You see, nothing can keep gold from doubling up and hitting $2,000 an ounce... causing shares in our mining exploration companies to skyrocket. Im talking about junior mining stocks with the potential to double, triple—even quadruple! Of course, many people have trouble accepting gold as an investment—even now that theyve witnessed a financial upheaval thats shaken our country by the shoulders. But I also know that those who have heard me out-and followed through with my research and recommendations-have made extraordinary, life-altering returns. Which is why I maintain... Theres never been a better time-a more crucial time-to protect your portfolio with gold and precious metals. Good investing, Greg McCoach, Investment Director, Mining Speculator Luke Burgess, Editor, Gold World
Posted on: Tue, 06 Jan 2015 02:57:07 +0000
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