On the same day, metal's analyst Bill Holter confirmed a story that came from Bloomberg which forecasted that should China decide to back their currency with gold, then the price of the metal would have to increase 50 times to be able to cover the enormous money supply that they, and the rest of the world, have printed over the past decade.
And here is the interview with Bill Holter on the price of gold to back the Chinese currency.
As we have mentioned numerous times before here at The Daily Economist, the world is rushing headlong back to a gold standard, with the U.S. being the primary opposition since it would mean an end to their petro-dollar reserve currency. But the world no longer needs a Bretton Woods moment to transact in a new global reserve, and when China finally does announce a gold backed currency, or gold backed trade note along the new Silk Road corridor, the more than 50% of the population will no longer be using the dollar for any form of trade, and that critical mass will make gold the new reserve by de facto choice.
So if gold is headed towards the new standard, how can you protect your wealth and prepare for the future? The answer lies in Karatbars. A business model that not only allows you and anyone you contact to purchase gold in affordable increments, but in Karatbars you can also earn money and commissions by simply recruiting others to purchase gold from the company.
The answer lies in 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 Karatbards, 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 Finance Examiner at firstname.lastname@example.org, or create your own account free account with Karatbars as either a customer, or an affiliate (business builder), by clicking the link below, and filling out the one page document.