The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label goldmoney. Show all posts
Showing posts with label goldmoney. Show all posts

Wednesday, May 24, 2017

Forget sovereign currencies and governments, the market is bringing a return to the Gold Standard through cryptocurrencies and digital banking

One of the most important paradigms that individuals, governments, and companies must overcome is that as technology progresses, so too does the way business is transacted.  And while there have been many calls over the past 40+ years for the monetary system to somehow return to a Gold Standard, the advent of the internet and the digital age is allowing this to occur outside the control and intervention of sovereign governments.

With the rise of online banking and the different types of financial entities functioning outside the banking system, the ability for one to both save and conduct commerce in gold is no longer a purview of sovereign governments, central banks, and finance ministries.  In fact, even before the mainstream rise of cryptocurrencies, several companies such as GoldMoney and Karatbars have allowed individuals to store their wealth in gold and then spend it as if it were a debit card or online bank.

But now that the blockchain has completely revolutionized the way commerce is conducted and how money is accepted, a return to a Gold Standard is no longer relegated to theoretical discussions in the classrooms of universities or the conference rooms of think tanks.  And in fact, a return to the gold standard may be already here.

Image result for gold backed cryptocurrency
Bitcoin is often referred to as a “good” money because of its limited supply, relative fungibility and ease of exchange. If gold can also start to satisfy those requirements, a seismic shift from fiat to digital could be easier to “sell”—the public is predisposed to trust gold, certainly more so than cryptography.  
It could also open the door to the creation of a new global currency as an alternative to the dollar, something that Russia and China are rumored to be looking at. 
We sure do live in interesting times—and it is not all that far-fetched to think that OneGram, or another gold-backed crypto currency like it, could be a stealthy way to introduce a new global gold standard. - Forbes

Tuesday, January 24, 2017

Most in the gold community are not prepared for Islam entering the market, and for those who are it will be big

Many people have heard about the idea of 'Peak Oil', especially since it has been propagated by the mainstream media for over three decades.  But how many have heard about the concept of 'Peak Gold', especially when demand for the metal is about go up several fold?

At the beginning of January a new policy and protocol began in Islamic finance that could shape the future of investing, savings, and even money for the rest of the century.  And this is because 1.6 billion people, or nearly 30% of the world's population, are now able to purchase and own gold and gold products outside of jewelry for the first time in perhaps centuries.

Sharia Law is the ultimate guideline for Islamic living, similar to how the Misvot (the Law) was for the Israelites under the Mosaic Covenant.  And Sharia Finance is the portion of this guideline that dictates money and investment for Muslims around the world.

And with the door now becoming wide open for followers of Sharia Law to enter into the gold markets, most financial industries, particularly in the West, are ill prepared for this.

Image result for sharia gold
Years of underinvestment by gold mining companies have created a looming vacuum in supply as the new Sharia Standard kicks in, says the head of one of the largest producers, Africa-focused Randgold Resources. 
"A complete lack of investment in exploration means we are headed towards a supply cliff," said Mark Bristow, the chief executive of the UK-based mining firm, in reaction to the announcement of a Sharia standard for the precious metal. Randgold is the largest gold producer listed in London with a market value of about US$7.7 billion. 
During the gold "supercycle" that began in 2005 and lasted until about 2011 the price rose more than three times from an average of US$513 per ounce to $1,664. Mining companies responded with a frenzy of investment, mergers and acquisitions. When the price run finally gave out many struggled to adapt and began cutting costs that included axing exploring for new gold. 
"Any new addition to demand will drive up price, as we saw with the Chinese led supercycle back in 2005," Mr Bristow said. If the prediction of UK-based gold trader GoldCore that another 500 to 1,000 tonnes of the precious metal will be needed is accurate, the pressure will be on producers. 
Today it takes at least five years to go from mapping a gold deposit to turning into a mine. Investors willing to risk the billions of dollars it can cost need to be found, and they must be prepared to wait years before seeing a return. Moreover, most new mines are being built or planned in remote locations. 
To feed the continuing need for cash, mining companies frequently issue shares. This dilutes the stock and causes wild fluctuations in share prices. This turns them into a speculatively traded stock rather than a long-term investment, something that Sharia investment forbids. 
Developing countries are where most of the new investment in mining capacity will go should a renewed interest in new mining ventures result from increased gold demand from Sharia investors. - The National.AE
In addition to potential boons in mining stocks, companies like Karatbars and Goldmoney have a leg up on many gold selling institutions through their ability to bypass paper markets and provide products and services directly to consumers and investors.  And this will will be key in marketing to the Islamic world since their processes do not involve the use of interest based gold instruments, or derivatives.