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The World's ONLY Gold-Backed Bank


Business  (tags: economy, banking system, gold, money, security )

Janet
- 2169 days ago - goldworld.com
Physical cash and gold are the safest places to hold your wealth right now. Anyone who tells you otherwise has either a motive or no clue...



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Janet Solomon (231)
Wednesday October 22, 2008, 4:02 pm
"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered."
Thomas Jefferson, Founding Father, Third President of the United States, and the principal author of the US Declaration of Independence

How bout a drink from the cup of truth...

The Bush administration's $700 billion bailout plan may keep some banks afloat for the time being. But fundamental problems are still deeply rooted within the financial markets that threaten to bring down the whole system.

The hard truth is that there is no 100% safe place to keep your money.

Physical cash and gold are the safest places to hold your wealth right now. Anyone who tells you otherwise has either a motive or no clue.

Those with the means to do so should be holding at least some physical cash and gold.

Of course, people will debate why you should hold these assets...

Gold is the ultimate in hedging against financial turmoil. But as it stands today, it's quite rare to find someone willing to trade a product or service for gold. In other words, it's difficult to spend gold like money, which has been a criticism of owning physical gold for decades.

Today's digital age allows consumers to move electronic fiat money around at speeds exponentially faster than ever before. This morning I paid my cable bill with my check card. The entire transaction was completed within 5 minutes. Had I paid by mailing a check, it could have taken up 1-2 days to reach the cable company and 3-5 days to clear my account.

So what if there was a way gold could be used as easily as electronic money?

The World's Only "100% Backed-by-Gold Bank"

You might have a hard time believing this, but you can actually put yourself on a personal gold standard with a new kind of currency, and it's rapidly growing among gold bugs.

Understand first, this new currency is not legal tender issued by any government. That means there's no debt, inflation, geopolitical turmoil, or any other considerations normally associated with government-issued currency.

The currency comes in electronic form, but can be used like any other currency in the world today to pay for goods and services, and even settle debt. But there's one major difference that sets this currency apart from every other in the world:

It's 100% backed by gold.

In fact, in most cases you can instantly exchange this currency for physical gold at any time... a feature taken away from the US dollar decades ago.

 
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