In today's corporate world, it is far more likely that a company would cut salaries and jobs during a recession or financial collapse than to actually put aside money to help their employees make it through the difficult times. But one company is bucking that trend, and in preparation for the next economic collapse, Overstock.com has not only put aside money to help ensure their workers make it through the crisis, but is doing so by purchasing and storing $10 million in physical gold for that task.
That is right, a corporation known for being proactive to both its customers and its workers is expecting the next financial crisis to be bad for the dollar and the banking system, and good for the monetary metal that has stood the time for more than 5000 years.
In addition to setting aside gold to help its employees, Overstock CEO spoke with Utah's primary hub for the state's new gold backed money program and reiterated how trust in both Wall Street and the banks will only bring poverty and loss during the next financial collapse.
We are not big fans of Wall Street and we don't trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don't trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis.
So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don't know if it will be 2 days, or 2 weeks, or 2 months. We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis.
We also happen to have three months of food supply for every employee that we can live on. - Zerohedge
Unfortunately for most people, very few work for a company that keeps its employees in mind when planning for economic downturns, or outright financial crises. So that leaves it up to the individual to ensure that their own financial foundation is not only protected, but done so in a manner that can weather whatever storm may come, and allow that individual to come out of the crisis ahead of the game.
This of course leaves most people with few options as nearly all financial programs are based on the reliance that the dollar will always be relevant, since nearly every asset is denominated in the paper fiat currency we use today.
But like what the CEO of Overstock has done for his company and employees, you can also protect your wealth and grow your preparedness in physical gold, and the best place to do this is with 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, Karatbars is working on a new e-wallet system 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.