This has been a heck of a week for Europe, the bond markets, and especially for Greece. Starting on Monday, the Greek Prime Minister staved off from making a conclusive decision on whether to appease European Commission (EC) regulators and accept greater austerity reforms than they have experienced over the past five years, or to choose to default and seek grounds for exiting the European Union (EU). And as the rhetoric between the two parties extended through the end of business Friday, Greece attempted one last stalling tactic by calling for a voter referendum of his party, while the Troika has given a final ultimatum of June 30 to decide on the final outcome.
But in between the Greek crisis this week were a number of different events and discussions that centered on gold, banks, the growing war on cash, and even the trillion dollar global currency markets.
Banking Policies Are Becoming Injurious to Your Financial Well-being
“There have been 61,998 cash seizures made on highways and elsewhere since 9/11 without search warrants or indictments through the Equitable Sharing Program, totaling more than $2.5 billion. State and local authorities kept more than $1.7 billion of that while Justice, Homeland Security and other federal agencies received $800 million. Half of the seizures were below $8,800.”
"Monetary thinkers" feel things would be so much more efficient -- for the government -- if we all went totally to digital accounts. No need to carry cash around or pay bills by mail. The authorities will know exactly how much money you have and what you spend it on, placing your balance under their control at the press of a button.
FX Brokerages Move To "Close Only" Ahead Of Monday Open
Does anyone reading this remember what happened in an instant back in January of this year? The Swiss central bank de-pegged from the Euro on Jan. 15 without telling a soul, causing the loss of billions of dollar in an instant to Forex (currency) traders who held positions opposite the move.
Now it appears that the FX market makers are afraid of the same thing happening on Monday with the Euro because of Greece, and some brokers are limiting traders to close only trades out of fear of a currency meltdown and banking scare.
Which brings us to the discussion of the one true form of money that has outlasted every monetary and financial crisis in history. Of course we are talking about gold, and despite the fact that most people in the West have forgotten the true value of the monetary metal since it was removed from our currency 44 years ago, as Russia and China are already in preparation for, the next monetary crisis will not be resolved with a taxpayer or central bank bailout, but a collapse which forces nations to go back to a gold standard and make owning the metal your absolute protection and preparation to both survive and thrive after what is coming.
Not Owning Gold Bullion Shows “Ignorance of Monetary History”
This report (above link) does an excellent job of bringing together all the empirical data and distilling and crystallizing the bullish case for gold today. Not surprisingly, we share the views of Ronald Stoeferle and Mark Valek and have in recent months highlighted many of the angles they bring together so well.
We also are very close to their price target and have long held the view that gold prices would rise to over $2,400 per ounce, the real, inflation adjusted high from 1980, before this secular bull market is over.
As ever, the report is well worth taking the time to read. It includes many excellent charts that are well worth taking the time to look at in order to better understand the excellent fundamentals of the gold market.
And for the average person who today may be unable to afford an ounce or more of gold at current prices, one company has created a model to appeal to both consumers, and those are looking for a gold based business to build in this high unemployment environment, and the solution to protecting and building one's wealth is in a company called Karatbars.
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
How to make money in both the Dual and Uni-level systems of Karatbars
How to make a six figure income using Karatbars in just 7 weeks.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.