Thursday, February 25, 2016

Got Karatbars? Rumors emerge that China will begin new gold price fix around April 19

When China chose to extend the period for when they would begin implementation of a new gold pricing mechanism back in December, the tentative expectations were that it would occur sometime in April of 2016.  Now on Feb. 25, a number of sources are saying that April 19 is the day that this will finally take place, and that a new gold price will be fixed not in dollar denominations, but in the Yuan currency.


China has been preparing for a competitive gold price fix for more than a year, ever since they opened the Shanghai Gold Exchange to function as the world's largest physical gold market.  And since every indication shows that inventories in both London and the U.S. Comex are pretty much empty, it should not be long before China usurps complete control over physical gold pricing, and wrests hegemony from the West after more than 100 years.
China plans to launch its new yuan-denominated gold pricing fix on April 19 this year, sources familiar with the matter said on Thursday. 
The launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands. 
The banks that will participate in the planned launch are predominently Chinese but FastMarkets understands that foreign banks could also be involved, according to sources. 
It is likely that the 10 banks that are official market makers in the system set up by the SGE in January to facilitate interbank gold trading will participate in the yuan-denominated fixing, one source said. 
Most Chinese banks in the list of  ‘official’ market makers probably will be involved in the fix, the source noted, alongside one foreign bank. – Bullion Desk

Control over gold prices is actually just the first step in China's overall plan to facilitate a return to gold backed money.  And what is also of interest is an article written today by precious metal analyst Bill Holter who suggested that this weekend's G20 meeting could lay the foundations for the Global Currency Reset, and the beginning of a return to the gold standard in currencies and trade.

Once either of these two events are announced (new gold price, global currency reset), the price and supply of gold will become extremely high, and extremely rare as individuals will have to compete with central banks to acquire whatever remains in the open market.  But for each person now who wants to both protect and prepare their wealth for what appears to be a sea change in the global monetary system, there is one sure way of doing this and it is with a company called Karatbars.

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.

1 comments:

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