Back in June of this year, the newly created Shanghai Gold Exchange (SGE) announced plans to establish their own gold price between now and the end of the year. And with the SGE being the only true physical gold market currently operating where customers buy and sell gold for cash based on an actual price, it would be only natural that China earns the right for price discovery over the London and Comex facilities who only deal in paper gold contracts.
Yet even this is just the beginning of a full fledged shift away from Western control over all facets of the monetary system, and a return to sound money where currencies are backed by gold in some capacity. The rise of the Yuan as a global medium for trade is accelerating at tremendous rates, and their accumulation of what some believe to be 30,000 tons or more of gold will only solidify the belief that once the dollar's power is broken, then the world will rush back to a gold based system.
On June 25, a representative from the Shanghai Gold Exchange announced that they are planning on establishing a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex. Expected to be denominated in Yuan, this new gold price platform comes less than 10 days after China became the first Asian country invited to be a part of the London gold fix, and unlike the U.S. Comex, will deal in direct physical gold sales rather than in paper futures and derivative contracts.
When the Shanghai Gold Exchange (SGE) opened in 2014, it set out to usurp the West's control over gold and their pricing of gold through the paper markets. And in less than a year, the SGE has created the world's largest gold fund, and is now ready to take over pricing and price discovery for the monetary metal. In fact, sources claim that right now premiums on large sales of gold bullion are ranging as high as $600 over the current paper spot price. - Examiner
For more than 40 years the world has experimented with a purely fiat form of money, backed by nothing except government confidence, and military might. But the problem is and has always been the fiduciary irresponsibility of government's to control their monetary supplies, and as we saw just recently from U.S. Treasury Secretary Jack Lew, Washington cannot function and would collapse if they do not have the power to borrow more and more money, and increase the debt load to just under $20 trillion by the middle of 2017.
“At that point, we expect Treasury would be left with less than $30 billion to meet all of the nation’s commitments—an amount far short of net expenditures on certain days, which can be as high as $60 billion. Operating the United States government with no borrowing authority, and with only the cash on hand on a given day, would be profoundly irresponsible.
As I wrote previously, we anticipate that a remaining cash balance of less than $30 billion would be depleted quickly.” – Jack Lew in a letter to Congress, FortuneSo as the world rushes headlong towards a crossroads, where monetary and economic collapse is inevitable since most nations have hyper-inflated their currencies through the printing of unprecedented money, what is the one thing that will protect you from whatever comes, and prepare you for the new system that is by all accounts expected to be based on gold?
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.