Last week, one of the top presidential candidates for the Republican Party, Dr. Ben Carson, spoke on the economy, America's national debt, and the dollar. And in a response during an interview with NPR, the second leading candidate in the race for the Presidency projected his support of America's once gold backed money, and stated that the only reason we have this crushing debt on our balance sheets is because the government moved to a purely fiat currency that allows for unlimited money printing by the central bank.
"[T]he only reason that we can sustain that kind of debt is because of our artificial ability to print money, to create what we think is wealth, but it is not wealth, because it's based upon our faith and credit. You know, we decoupled it from the domestic gold standard in 1933, and from the international gold standard in 1971, and since that time, it's not based on anything. Why would we be continuing to do that?” - Mises.orgIn addition to his assessment that our purely fiat based money is the primary cause for our massive outstanding debt, Dr. Carson also attributed the Fed's inability to raise interest rates to the lack of a gold standard, which would have naturally caused the cost of money to become more expensive due to the government's abuse of their fiduciary responsibility.
"The question, then, is when gold actually does "want" to go up. And the answer is not when the economy would want it to. That's because the price of gold doesn't go up when the economy is overheating, and down when it's cooling off. If it did, then the gold standard would give us high interest rates when we needed them, and low interest rates too."Yet Dr. Carson is not the only Republican candidate for President who sees the power that gold backed money provides. His opponent, and current front-runner for the Republicans, also believes in the monetary value of gold, and has even accepted it as collateral for lease agreements in his office buildings by renters.
And while the U.S. continues to downplay gold as 'real money', and as a force to protect the integrity of paper currencies, one economic power in the Fer East is working towards changing how gold is not only valued, but how it is minted as well. With the Shanghai Gold Exchange preparing to announce its own price discovery mechanism to the world before the end of the year, the leading physical gold market is also seeking to put an end to the Troy Ounce based system, and will begin minting gold in the form of grams and kilograms as a new standard to oppose the Western based model.
On 28 October, the Chinese central bank will launch their new 2016 gold and silver Panda coins. An interesting detail discovered by @BullionBaron is that these coins will not appear in one troy ounce size. Instead, they will be minted on a metric weight system with sizes varying from 1 gram up to 1 kilogram. The one troy ounce version of the gold and silver Panda coins are replaced with a coin weighing 30 grams. That’s slightly less than a troy ounce, which equals 31,1034768 grams.
The press release on the People’s Bank of China website mentions nine different sizes for the gold Panda and three different versions of the silver coin. All these coins have a 99,9% purity and will be produced with a limited mintage. For more details on mintage and the yuan face value, we refer to the press release on the central bank of China’s website.
Gold coins: 1 gram, 3 gram, 8 gram, 15 gram, 30 gram, 50 gram, 100 gram, 150 gram, 1 kilogram
Silver coins: 30 gram, 150 gram, 1 kilogram - Market Update.NL
So as the two leading candidates for President speak highly about gold and of the need for gold backed money, and China prepares to change how gold is minted in the physical markets, how can you both profit and prepare from these two agendas, and protect yourself in a world that is changing?
The answer lies 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.
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.