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 muslims. Show all posts
Showing posts with label muslims. Show all posts

Monday, April 10, 2017

SGE goes international for first time as Dubail's gold exchange to open new gold futures trade with China in RMB

On April 10, the Shanghai Gold Exchange received its first real international partner as Dubai's gold exchange is opening up a new futures market with China to trade gold in RMB.

The Dubai gold market is the largest metals trading platform in the Middle East, and this program will have the capacity to link China's gold market directly to the Islamic world.  And this is especially important now that Islam's primary financial authority for Sharia Law Finance has approved the purchasing and ownership of gold for the 1.6 billion Muslims living around the world.

Middle East's largest financial trading platform the Dubai Gold and Commodities Exchange (DGCX) is moving to launch the DGCX Shanghai Gold Futures (DSGC). This is after it tasted success with the launch of futures trading in Indian gold. The exchange, akin to Singapore, is attempting to become a hub for trading in financial products linked to India and China, two of the largest Asian economies. 
The DGCX last week announced commencement on trading in Shanghai Gold Future. Trading in financial products linked to India and China, two of the largest Asian economies. 
The DGCX last week announced commencement on trading in Shanghai Gold Future. Trading in Indian gold and currency is a major hit on the DGCX platform with volumes in currency pair rivaling that of the Indian bourses. 
The yuan-denominated gold contracts on DGCX marks the first-ever usage of the Shanghai Gold Benchmark Price in international markets. The launch of the DSGC was officially announced at the Dubai Precious Metals Conference (DPMC) last week.  - Economic Times India

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.

Wednesday, December 21, 2016

Global financial markets already creating new gold products for Islam's Sharia finance edict

It was only a couple weeks ago when the Auditing Organization for Islamic Financial Institutions (AAOIFI) began implementation of new edicts regarding gold ownership under Sharia financial law for the world's 1.6 billion Muslims.  And in this short amount of time several markets around the globe are already creating new gold based products to help bring in Islamic investors.

New standards for the use of precious metals in Islamic finance are encouraging the development of financial products based on gold and silver, from futures contracts to a mobile app. 
Toronto-based Bullion Management Group (BMG), which manages $348 million in assets, launched a silver fund in October and expects its bullion funds will adhere to the new AAOIFI guidance, Nick Barisheff, BMG's founder and chief executive, said. 
On Monday, the Singapore Exchange (SGX) said it had certified as sharia-compliant its gold futures contracts, which were originally launched in 2014 and are aimed at the wholesale market. 
Meanwhile, Malaysia-based HelloGold has launched a sharia-compliant online platform using a mobile app, targeting customers through agreements with technology and financial services firms, chief executive Robin Lee said. 
"We expect to sell about 10,000 ounces of sharia-compliant gold by the end of next year," Lee said. He also said that the firm planned to enter Indonesia, the Philippines and Thailand next year and China by 2019. - Reuters

Tuesday, December 6, 2016

Islamic council overseeing Sharia finance approves new gold standard for Muslim investing

Following a month of open discussion and commentary, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has officially approved a new gold standard under Sharia financial law on Dec. 5.

Coordinating with the World Gold Council for much of 2016, the AAOIFI has formulated the processes and procedures for the 1.6 billion Muslims around the world, and in particular the 110 million Muslims who participate in active investing, to be able to purchase, own, and invest in physical gold and gold based products such as mining shares.

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The sharia gold standard announced yesterday allows the over 110 million investors in the Islamic world to invest in: 
a) vaulted gold 
b) gold savings plans (such as GoldCore's GoldSaver) 
c) gold certificates 
d) physical gold ETFs including "probably" the SPDR Gold Trust, the biggest exchange-traded gold (GLD) 
e) gold mining shares (within certain Shari’ah parameters) 
We know three things that the new Shariah gold-standard will achieve: 
a) Increase diversity in the number of available Shariah gold compliant investment products 
b) Greater emphasis on the role of physical gold in gold transactions 
c) Islamic finance will have greater say in the setting of the gold price 
To some, this may appear to be an unnecessary formality taken by the body whose guidelines are followed by Islamic finance institutions across the world. After all, physical gold is Shariah-compliant and holds a unique status for Muslims. 
AAIOFI states, "From the perspective of Islamic Fiqh and the Islamic economic system, gold has its specific significance. This significance arises from the specific principles provided for gold and silver as Thaman in Shari'ah." 
According to Islamic texts, gold is a ribawi item, which means that it must be sold on weight and measure, and cannot be traded for future value or for speculation. In order for a gold instrument to be Shariah-compliant, the precious metal must be the underlying asset in related transactions. - Goldcore via Zerohedge
Perhaps one of the most interesting caveats in the new procedures for gold ownership and investment is the demand for Islam to have a greater say in the setting of the gold price.  And since we already now have a divergence out of Shanghai from the long-standing price determination set in London and New York each day, the potential of a third completely independent market could soon emerge in places like Dubai, Tehran, Indonesia, and even Saudi Arabia.

Tuesday, October 11, 2016

Sharia law standards for Muslim gold ownership expected to be completed by end of the year

One of the biggest and perhaps most under reported events in the gold spectrum is very close to completion as on Oct. 11, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) announced the primary draft that would allow for gold ownership by Muslims under the stricture of Sharia Law.

Worldwide there are around 1.6 billion Muslims, many of which follow Sharia Law in their cultural and financial lifestyles.  And for centuries gold ownership was limited to both jewelry and currency, as any investment in the precious metal carried the potential of earning interest above the value of the metal, especially in areas such as futures and other paper gold markets.

But now the AAOIFI has laid out new guidelines that will become the standard under Sharia Law, and are expected to become fully functional by the end of 2016.  And with this new opportunity opening up for a significant portion of the Islamic world, expectations are that both the gold price and demand could skyrocket as nearly 25% of the world's population would have access to gold ownership and investment for the first time.

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) plans to finalize several new standards by the end of the year, as the standard-setting body works through a revamp of its guidance for the $2 trillion industry.
Bahrain-based AAOIFI has published a draft sharia standard for gold-based products with a one month consultation period ending Nov. 9, the industry body said in a statement. The project was started last year by the World Gold Council, a London-based market development body. 
AAOIFI issues guidelines that are followed wholly or in part by Islamic financial institutions globally, a sector that has grown fast but remains fragmented across its core centers in the Middle East and Southeast Asia. - Reuters

Tuesday, September 2, 2014

U.S. power waning as it seeks Europe’s agreement to sanction Russia more

While the U.S. reels from the triple bombshells of this week that have left the Superpower nearly impotent to act, an astonishing occurrence is taking place in diplomatic circles as Washington no longer feels it has the authority to simply impose economic sanction on Russia, but must beg to Europe to stand with them in a move where they hope will allow them to restrict the use of the SWIFT system by Russia.

Earlier this week, the U.S. faced three critical events in which President Obama appeared stunned and without the fortitude to act against.  First, Russia placed several more chips on the table by cracking the decades long petro-dollar system, and will now allow for oil to be purchased directly in the markets with either Roubles or Yuan.  Secondly, the President was cornered by the media on what the U.S. intends to do regarding ISIS, and what plans Obama is ready to implement to contain or destroy the Muslim Caliphate.  In a press conference where Obama wore a taupe suit and grey tie instead of his normal blue power suit and red ensemble, the leader of the free world acknowledged that they had no plan ready to go, and as yet have no idea on how to confront the Muslim terrorists.
 
Finally, the worst fears for NATO and the U.S. appear to have happened as Ukrainian soldiers failed in their attempts to crush the Eastern rebels, and signs indicate that Russia is now going on the offensive to shut off Kiev from their vital energy links and ports by seeking control over Mariupol.
 
 
 
Read more on this article here...

Monday, August 19, 2013

What does Congress and Islam have in common? They both are exempt from Obamacare

Earlier this month, Democrats flocked to President Obama demanding action which would ensure they and their staffers would not be liable to the edicts of the Health Care bill (Obamacare) they pushed through Congress in 2009.  And in a ruling made by the Executive Branch’s Office of Personnel Management on Aug. 2, this ‘crisis’ was averted.
So now Congress, who promised the American people a fair health care plan that would last generations, now can add themselves to the nation of Islam, which under the provisions of Obamacare, is exempt from its requirements and taxes.
 
 
Read more on this article here...