There is Nothing Backing Crypto Currency
India has eliminated its paper money and the country now runs on crypto currency. Most of the citizens were caught off guard and anybody with paper currency has been selling it on the black market at an 80% discount.
Most people are now familiar with crypto currency because bitcoin has become the conversation of many Americans. As you probably know, bitcoin is only backed by confidence and nothing else. Today, bitcoin is selling around $17,000.00 per token. The good news is there is now some discussion making gold crypto currency and 100% backed by gold, not confidence only!
If and when gold becomes a crypto currency fully backed by actual gold, it is hard to imagine how high gold will soar. I highly recommend you purchase your gold now while it is still affordable.
Call purepreciousmetals.com and talk to one of our account executives while the price of gold is still affordable. You will be glad you did!
United States Constitution Article 1, Section 10
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing its inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Control of the Congress.
No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.
Which Geopolitical Issue Will Finally Make the Financial Bubble Burst?
On August 17th, 2017, Barcelona was hit with a terrorist attack which, unfortunately, killed several innocent bystanders. Once again, a car was the weapon. There have been several people killed by terrorists all over the world. At the time of this writing, the Dow is down 245 points. Everybody needs to keep an eye on cars and trucks driving nearby.
In my previous articles, YouTube discussions as well as some of my podcasts, I have warned you about terrorists attacks and geopolitical problems which are numerous. I believe the nuclear threats by North Korea is the scariest threat we face at this time.
There are many financial bubbles which any one of them could trigger the next financial tsunami.
Let's hope these terror threats never come to fruition, but gold is a safe haven precious metal that will protect your financial future.
Economic and Geopolitical Concerns
Gold appears to be heading to $1,300 per ounce very soon. After Trump won the election on November 8th, gold was selling slightly over $1,100 per ounce. Gold was very low priced because people were excited about tax cuts, real growth, infrastructure, Obamacare repeal, deregulation etc. it appears very little is being accomplished.
There are so many concerns today that gold is the true safe haven. The United States will run out of money in September, North Korea is creating havoc, terrorism in Europe is increasing by the week, the South China Sea is extremely tense and Iran is always worrisome.
The Federal Reserve will raise interest rates in June, but it is very unlikely that they will keep their promise of raising interest rates in September.
The stock market is very high and people continue to buy on the hopes that it will go higher. The gold forecast will be a very strong second half of the year so now is the time to buy more gold. I fully expect gold to rise significantly very soon.
The world powers, including the United States, are in the process of eliminating their paper currency and will be going totally digital.
Cyberattacks are happening at alarming speed
As you are aware, hackers have caused major computer nightmares in over 150 countries. I believe it first appeared in England. Hospitals were forced to turn away patients because they could not order prescriptions or access patient records. The cyberattack even hit parts of the United States. The attacks began with the NSA secret security which was obtained by the hackers.
Our government wants everybody to go digital for reasons that cause me doubt. I worry that bank accounts, stock brokerage accounts, credit cards, bank loans, ATM accounts, etc. are subject to a tremendous amount of chaos.
The attack we just suffered is known as "ransomware". Unfortunately, you will probably be seeing more of these "ransomware" attacks in the near future. The attackers are demanding money in order to release the computer information. Some companies have paid up and some have demanded double the ransom if the companies hesitated. Some companies paid the ransom and still were unable to get their information released. In today's era of digital computers, it will be more and more common for criminals to hack our vital information.
Governments want to downplay these cyberattacks so they don't cause havoc with its citizens. Personally, I am very concerned with these attacks and this is just another reason to put gold in your portfolio. Gold cannot be cyberattacked and is not subject to government manipulation of our currency. Gold does not require a rating from Moody's, S & P, or any other rating agency. Gold is the only true money that is not someone else's liability. Unlike our currency, gold cannot be printed out of thin air. There is no such thing as "fiat currency" with gold. All other currency is fiat currency. Fiat currency is not backed by anything except confidence. What happens when people and governments lose confidence in our currency? Gold is a safe haven from all of this printing money out of thin air and government manipulation. Gold is accepted worldwide and is totally liquid.
You should put a portion of your investments in gold. You will be happy you did!"
Effective October 14, 2016, Redemption Gate is a new ruling by the SEC.
Gold has gone up 31% year to date 2016. Goldman Sachs stated that there are only 20 more years of mineable reserves left on earth. Perhaps that is the reason Goldman Sachs has purchased a significant amount of gold for their own personal portfolio.
American Eagle Gold Coin
American Gold Eagles are minted only from the U.S. Mint in West Point, NY. These gold bullion coins are usually held in investment portfolios. They are very liquid worldwide. The American Gold Eagles were first minted in 1986 and contains its full stated weight of Pure gold. Their weight, content and purity are Guaranteed by the United States government. Our government will allow you to take physical possession of these beautiful coins in your IRA. Many investment advisers recommend putting these bullion coins in your investment portfolio to reduce volatility. These beautiful coins can be purchased in 1 Troy Ounce, .500 Troy Ounce, .250 Troy Ounce and .10 Troy Ounce.
The American Gold Eagle is the symbol of our nation's freedom. American Gold Eagles are guaranteed for its gold content and its purity by the U.S. Mint. American Gold Eagles are the #1 most popular gold coins in the world.
Gold Does Not Need a Rating Agency
Gold has served people around the world as a store of value for over 3,000 years. It is the only currency to have endured all this time, defying every crisis along the way. Gold has remained impervious to inflationary monetary policy and it cannot be reproduced to inflationary monetary policy and it cannot be reproduced by simply printing more of it. Gold is worth it's weight in gold.
From Alan Greenspan, former Chairman of the Federal Reserve
Gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.
Points About Gold
Physical gold helps us maintain financial privacy, it's not hack-able, it's portable, liquid and internationally negotiable.
The Federal Reserve Bank was created in 1913. Our dollar was then worth one dollar. Today that same dollar is worth 3 cents.
We used to be the largest creditor in the world. In August, 1971, President Nixon took us off the gold standard. This was to be a temporary move. Gold immediately went from $35.00 per ounce to $85.00 per ounce. Since we went off the gold standard, we are now the largest debtor in the world.
October 1, 2016 the Chinese Yuan will be part of the special drawing rights it will consist of the USDollar, British Pound, Japanese Yen and the Euro. The USDollar will no longer be the world currency. They will lose their ability to print fiat money.
The next financial collapse will be much worse than the 2008 collapse. The credit derivatives totaled 11 trillion dollars. The banks now have approximately 70 trillion dollars worth of credit derivatives.The Federal Reserve Bank bailed out the banks in 2008. They do not have the money to cover the next bailout. Only the International Monetary Fund can bail out our financial institutions. The world will no longer trust our fiat money.
The collapse of the US Dollar is a very real possibility. The US Dollar will have to be backed by gold once again. Gold will be worth approximately $17,000 per ounce. This is assuming we only back our money with 40% gold. If they have to back 100% of their money with gold, gold would have to sell for $40,000 per ounce. There is only a finite amount of gold, which cannot be altered. It would be impossible. Cyberattacks will be totally eliminated against physical gold. In the near future, our government will most likely stop the sale of pure gold to the public.
Counterfeiting is another concern when you buy physical gold. Most of the counterfeiting is taking place in Libya. They are using 2/3 lead and 1/3 gold. . Our firm can get you gold from all over the world, but I prefer the Gold American Eagle.. It can be used in IRAs and you can take possession of it. No 1099's are issued when you buy and sell gold Eagles on a Non-qualified basis. However, we always recommend you discuss this with your tax adviser. People see a celebrity advertise gold and silver and they immediately call one of the telemarketers. The telemarketers learned a script so he can sell you gold. 3 months later that same telemarketer may be selling real estate. How can you send your money to some mysterious place? Where does the firm get their gold? What guarantee do you have that it's not counterfeit?
China, India, Russia, Iran and numerous developing third world countries are buying up gold as fast as they can. They are smart and have good information and reasons to hold gold. Every world currency, beginning with Portugal in the 1400's, has collapsed over time. The United States is soon going to be the next world currency to collapse. All countries are on fiat money which is backed by promises only. In earlier years, our money was backed by bank notes. As long as people had confidence in the bank, the money was usually safe. Today, our fiat currency is backed only by the federal reserve. This is backed by promises only. These promises are debt. Debt is not money. A person can obtain credit cards, student loans, car loans, mortgage financing, etc. These are not money! Gold is money. Gold is the only currency that never collapsed. Governments cannot physically alter gold. The federal reserve and International Monetary Fund cannot manipulate gold. Most people do not own any pure gold. Most people who own gold do not own enough gold. Gold should be part of every investor's portfolio. Gold has no certificate numbers. Our dollars all have certificate numbers which can be easily manipulated.
Gold is the best protection against inflation. In 1975, a new Ford Mustang cost $3,750.00. Worth 22 ounces of gold. Today, a new mustang cost $26,750.00 Once again, worth 22 ounces of gold. In 1975, a high quality suit was worth 1 ounce of gold. Today, you can buy a high quality suit for 1 ounce of gold.
Our advisers continually research the markets, global economies, geopolitical concerns, bull markets to bear markets, prices of scrap metal, oil, gold, silver, platinum, imports and exports, etc.
Our goal is to assist you in making intelligent decisions and provide you a road-map for an enjoyable retirement.
India Eliminates Most of Their Currency
India has just eliminated most of their currency. They want their country to ultimately switch to an all digital currency. Many countries around the world are considering this same tactic, including the United States!
Janet Yellen, the chairwoman of the Federal Reserve, is also considering doing the identical plan with the U.S. Dollar. The first thing you will notice is the elimination of the $100.00 bill and possibly the $50.00 bill. The United States has slightly more than 1 trillion dollars of money and has more than !! trillion dollars in obligations around the world. Our country cannot print that much money if it is demanded.
By going to a new digital currency, the United States will be able to keep tabs on everything you do. The new currency will probably be called a Fed Coin. Our government will tell the public how great the Fed Coin will be and that you will never be cyber attacked. I believe the real reason for the Fed Coin is to keep information on everything we do.
This is another reason to buy pure gold coins. No government will be able to keep all of your personal information, cannot be cyber attacked. and is accepted all over the world. Gold is the only true money. All other forms of money are simply liabilities.
When our $100.00 bills are eliminated, gold will have already been increasing in value, probably daily. At some point, individuals will no longer be able to buy gold, only countries will be able to purchase gold.
Donald Trump wants to back our currency with gold. A 40% backing by gold will bring the value of gold to $10,000.00 per ounce. A 100% backing of gold will bring the value of gold to over $50,000.00 per ounce.
As soon as India eliminated much of their money the other day, gold shot up to $2,800.00 per ounce in India.
I highly recommend you get on your own gold standard, whether it is 10%, 20% or more. Do not wait for the government to back our currency with gold. Gold will be too expensive for most of our population.
Call or email me if you or anyone you know would like a personal discussion about this amazing opportunity.
Advantages of Rare Coins
Rare coins may bring extra advantages to your portfolio. You may get extra appreciation in the future compared to regular gold coins without the scarcity. Our firm prefers pre-1933 gold saint gaudens which meet two universally recognized grading companies. We also believe the gradings should have a minimum rating.
Please call one of our representatives for a discussion on this opportunity These coins will become more difficult to buy at these current levels as each year passes.
Please do not delay. Prices are more affordable today.
Contact us to learn more about the latest articles being published about gold, silver, and platinum investing. Our precious metal company works hard to keep customers throughout Chicago and the world informed about their holdings and why so many people are turning back to gold, silver, and platinum.