GOLD CURRENCY COMING TO THE US

And it's about freakin' time!! For the last 3 years, citizens of several European countries have been moving to a private global currency exchange system where they are exchanging their fiat paper currency for gold currency. This has been verified by recent travelers who report shops with signs in their windows stating that they now accept gold currency as payment.

The challenge that the Europeans have solved is how to have small enough denominations of gold to spend like cash, as no one wants to part with a large (equivalent to one US ounce) gold coin and get back devaluating paper money as change. There is a German company who has begun to manufacture small quantities of 1g, 2g & 5g gold bullion, 99.999% pure gold, embedded in a plastic card with a hologram, about the size and shape of a plastic credit card.

If they don't want to take physical possession, the Europeans are also using a normal debit card which is tied to their physical gold, that is being stored for them in a Swiss bank vault. They can take physical possession of their bank balance, in gold, whenever they want, or they can continue to draw on it worldwide using a their gold-backed debit card. The value of their account is 100% tied to the daily price of gold, since it is actual physical gold. This is one step better than a gold backed currency, since it is actual gold itself. The reason it's spreading so fast is that the people using this currency get paid, in gold, whenever they refer new people into this new currency system. There's no cost to start using it, it's set up as a simple currency exchange, so it's spreading like wildfire and is set to roll out to over 120 countries in the next six months, including the US this month. We'll see what the powers-that-be think of this...

Another interesting fact is that many of the world's major governments have begun to take physical delivery of trillions of dollars in gold bullion. In February and March, the Central Banks of Russia (18.8 tons), Thailand (9.3 tons) and Mexico (93.3 tons) took delivery of physical gold as a means of reducing their exposure to currency depreciation. The Banco de Mexico had previously held only 6.9 tons. (external link: goldnews.bullionvault.com...).

The gold currency revolution has begun!

This is a real threat to the ever depreciating dollar, which is on the brink of collapse. Think of it: the average American will be able to buy small amounts of gold to spend like cash, and to convert US paper to gold currency, at no cost. Utah, Minnesota, Idaho & Georgia (external link: www.nytimes.com...) already have passed laws intended to encourage residents to use gold or silver coins as cash, and 13 more states are currently in the process of passing similar laws.

Every economic indicator shows that the dollar and other world currencies will continue to rapidly lose value under massive debt, and many major currencies are actually threatened to collapse in the near future, some experts say as early as this fall. This is particularly likely for the US dollar, the Euro, and the Yen, which represent the world's largest economies. If even one of these fails, the ripple effect could bring the whole global economy down, as the US crash of 2008 nearly did (and may still…)

Gold has held its value over the last 3,000 years, while every paper currency has failed--every single one. Gold has served as a hedge against runaway inflation, and as the best insurance against disaster. For example, after WWII, Germany had no currency, and anyone with 1g of gold could have fed a family of four for a year. 2g could have bought a new car, 3g a private plane, and 5g a house. (There are about 31g in a troy ounce of gold). Historically, gold has never lost its ability to purchase real goods when all other currencies have failed.

Here's the link to the video I found and one of the guys who's introducing this to the US: (www.goldfromkb.com...). It says that there are no costs to buy or sell because this is a currency exchange, and that anyone who refers others gets paid in gold. I'm definitely interested, and I wanted to tell everyone at ATS about it because it sounds like something we've all been waiting for.

Note: You're probably about to get slammed for the 'All Caps' title..

you work for goldnews.bullionvault.com, don't you?

edit: the european stuff is all lies too.

links or it didn't happen!

I don't know if anyone noticed, but according to a radio program I listened to yesterday, our U.S. government just passed a law making it ILLEGAL to use gold or silver for "over the counter" commerce.

Why?

I suspect they don't want people to have the ability to make purchases with anything other than the new currency that is coming.

Hmmmm....

Credit cards tied to MY gold that sits in THEIR banks? No Thanks. This scenario is even scarier than having a card tied to paper. The bank still has control over my spending so why even have gold as an individual?

The only difference is that now the banks will have a legal method to round up all the physical gold and give people a piece of plastic instead. So who still has possession of all the gold? Not us.

Over the counter Gold and Silver will be illegal on July 15th in the US and now Europe has devised another method of taking it away from us.

No Thank you!

Regardless of either which way your leaning on the OPs story...it would rather nicely tie in with this

ATS - Gold/Silver OTC trading illegal after July 15th

Link to Zero Hedge with story

With the US dollar looking set for a collapse, would it really come as a surprise that TPTB want you to keep your useless paper notes? The domino's are all set at the moment, and if just one falls then the whole financial system will collapse.

reply to post by HRF1965


Great find OP...but where is your link / source to the first part of your article? I didn't see it...and I would like to send it around to a few a people.

And frankly I'm thrilled about this prospect. It will get the paper dollarl inflation under conrtol. However, I'll be shocked if the GOV / Congress doesn't pass a bill prohibiting the USA to participate in this.

yes I have to say I don't really like the sound of this...
to me it harkens back to the money changers ...
I don't trust banks one bit, why would I want them holding onto My gold

Originally posted by rstregooski
Note: You're probably about to get slammed for the 'All Caps' title..

Sorry about that! It's only my third post. Still catching on... Now it's too late for me to edit, as it's been more than 4 hours. Oh, well, I hope that everyone will see beyond the gramatical error to the real value that's written here...

Originally posted by Beavers
you work for goldnews.bullionvault.com, don't you?

edit: the european stuff is all lies too.

links or it didn't happen!

edit on 23-6-2011 by Beavers because: (no reason given)

Hi, and no, I don't work for anyone. I'm not going to comment again on this, as I see many threads where a war of words ensues. I'm just trying to share something valuable here. You can take it or leave it. Sounds like you're leaving it I put in all the links I have. I learned about the first part by word of mouth from German friends I have who have just returned from Munich. Hence, no links. I then researched the rest. Hence, links.

Your title is optimistic to say the least. By when do you think we will return to the Gold Standard?

Originally posted by RealAmericanPatriot
I don't know if anyone noticed, but according to a radio program I listened to yesterday, our U.S. government just passed a law making it ILLEGAL to use gold or silver for "over the counter" commerce.

Why?

I suspect they don't want people to have the ability to make purchases with anything other than the new currency that is coming.

Hmmmm....

The "news" about not being able to buy or sell gold or silver applies ONLY to "over the counter" leveraged trades. "Over the counter" is not over-the-store-counter. It refers only to trades made in the exchanges. It has nothing to do with us, and the law was passed in 2008. Don't you think we would have heard about this already if it applied to the average citizen?!

And when a new currency comes, would you rather buy into with a devalued dollar, or gold that has kept pace with inflation?

Originally posted by jude11
Credit cards tied to MY gold that sits in THEIR banks? No Thanks. This scenario is even scarier than having a card tied to paper. The bank still has control over my spending so why even have gold as an individual?

The only difference is that now the banks will have a legal method to round up all the physical gold and give people a piece of plastic instead. So who still has possession of all the gold? Not us.

Over the counter Gold and Silver will be illegal on July 15th in the US and now Europe has devised another method of taking it away from us.

No Thank you!

edit on 23-6-2011 by jude11 because: (no reason given)

The credit card is only one option. You can physical delivery any time if you want to. That's the beauty of it. But if you don't want to walk around with gold in your pocket all the time, you can leave some of it in the bank and use the card.

The part about not being able to buy or sell gold and silver does not apply to us. It's about over-the-counter exchange traders only.

Originally posted by Angelicdefender2012
reply to post by HRF1965

 

Great find OP...but where is your link / source to the first part of your article? I didn't see it...and I would like to send it around to a few a people.

And frankly I'm thrilled about this prospect. It will get the paper dollarl inflation under conrtol. However, I'll be shocked if the GOV / Congress doesn't pass a bill prohibiting the USA to participate in this.

I don't have a link for the first part because I heard about this from some friends who just returned from Germany. The rest I researched. I think it's a viable alternative, and there will be more and more demand for it as the dollar tanks. I think it's a damn brilliant idea.

Originally posted by Skyfloating
Your title is optimistic to say the least. By when do you think we will return to the Gold Standard?

The only way we're going to return to a gold or silver standard will be by a grass roots movement. It won't come from government reintroducing it because they don't have the gold to back it up anymore.

Originally posted by HRF1965

Originally posted by jude11
Credit cards tied to MY gold that sits in THEIR banks? No Thanks. This scenario is even scarier than having a card tied to paper. The bank still has control over my spending so why even have gold as an individual?

The only difference is that now the banks will have a legal method to round up all the physical gold and give people a piece of plastic instead. So who still has possession of all the gold? Not us.

Over the counter Gold and Silver will be illegal on July 15th in the US and now Europe has devised another method of taking it away from us.

No Thank you!

edit on 23-6-2011 by jude11 because: (no reason given)

The credit card is only one option. You can physical delivery any time if you want to. That's the beauty of it. But if you don't want to walk around with gold in your pocket all the time, you can leave some of it in the bank and use the card.

The part about not being able to buy or sell gold and silver does not apply to us. It's about over-the-counter exchange traders only.

I got the part on the over-the-counter trading and that makes more sense.

I don't think the physical delivery will be as simple as it sounds tho. I can't imagine being able to walk into a bank and saying that I want 10 lbs of gold now please. I have a gut feeling (just IMO) that there will be limits on how much per day, week etc that you can take out. And that would mean we don't own it anymore.

Truthfully, I don't know. I just don't trust a move that puts all our gold and silver under the lock and key of banking criminals.

When we see a law pass that doesn't allow for Gold/Silver to be used in day to day purchasing but must be backed by a card, wouldn't that be the same thing we have now?