Thursday, February 11, 2016

Got Karatbars? Asia imploding, European banks collapsing, and gold on cusp of first $100 trading day

One day after Federal Reserve Chairman Janet Yellen did little to infuse confidence into the markets, the world stands on the precipice of the next global financial collapse.  Beginning in Asia, where stock markets were crushed and the Yen fell to a several year low of 110 to the dollar, and moving into Europe where Germany's largest bank dropped another 9% on its way to perhaps the biggest insolvency of the century, the threats are weighing on central banks to not only go full into negative interest rates, but to implement a new round of QE valued in the tens of trillions.

In response to this, very few markets are representing safe havens.  And judging by the overnight trading in the gold markets, the metal appears ready to skyrocket and potentially give investors and savers in gold its first $100 trading day.


Gold has moved over $42 today through the middle of European trading with U.S. equity markets already down -290 points in their futures.  And more importantly, the benchmark 10-year bond is down to an astounding 1.58%... meaning that returns on historic safe havens are being limited to the physical metals.


Pre-U.S. market open breakdown
Yesterday morning, when musing on the day's key event namely Yellen's congressional testimony, we dismissed the most recent bout of European bank euphoria which we said "will be brief if not validated by concrete actions, because while central banks have the luxury of jawboning, commercial banks are actually burning through funds - rapidly at that - and don't have the luxury of hoping for the best while doing nothing." This morning DB has wiped out all of yesterday's gain.
                           
As for Yellen's testimony, we said that "she can send stocks reeling with one word out of place" - the word in question being not what she said but what she didn't say, in this case not being dovish enough and thus supportive enough of risk. And the consequence is there for all to see as soon as their trading terminal boots up: everything is crashing (with the exception of China which is on holiday, and Japan which was mercifully closed yesterday). Here are the highlights: 
S&P 500 futures down 1.8% to 1814
Stoxx 600 down 3.4% to 304
FTSE 100 down 2.6% to 5525
DAX down 2.9% to 8760
German 10Yr yield down 7bps to 0.18%
MSCI Asia Pacific up 0.1% to 117
Hang Seng down 3.8% to 18546
S&P/ASX 200 up 1% to 4821
US 10-yr yield down 5bps to 1.62%
Dollar Index down 0.42% to 95.49
WTI Crude futures down 2.9% to $26.65
Brent Futures down 1.7% to $30.31
Gold spot up 3.5% to $1,242
Silver spot up 2.8% to $15.80
- Zerohedge
Here at The Daily Economist we have been talking about the need to get out of paper assets, bank accounts, and into physical gold for several years, and although it took about eight years following the 2008 Credit Crisis and bank collapses for the next event to occur, the ramifications of this new crisis is happening before out eyes.  And your window for getting out of stocks, bonds, and potential bail-in scenarios and into physical gold is shrinking close to the point of no return.

And is why you need Karatbars more than ever



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.

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