Almost since the beginning of recorded history commodities have been used as an acceptable means of trade. Mankind has traded goods for other goods; or services for other goods or services (a measure of wheat for two measures of barley or a bushel of wheat for two bushels of corn, etc.).
The term "shekel" was coined about 3,000 years ago. It represented a certain mass of barley related to certain weights of copper, silver or bronze.
In about 2,600 BC, gold emerged as a standard of exchange. It was not minted or refined but was used as a method of exchange in spite of its rough appearance.
When currencies are backed by gold (try finding one today) no deterioration of value is realized as governments overspend, over tax or manipulate their paper (fiat) currencies. Gold trades globally and has universal acceptance.
Here is the big question for us today though; what happens to a savings account if it is not backed by gold? Simply put, it loses value!
The loss in value happens in three ways: inflation, taxation and fees.
INFLATION
Inflation happens when demand for products or services exceeds supply. This kind of inflation is normally corrected by free markets and competition. We say "someone will always build a better mouse trap!"
Inflation is dangerous when manipulated by governments and central banks. Does this sound familiar?
Every time a government or central bank artificially pumps the money supply using money it does not have (ex. The Federal Reserve) the bank must print more money to cover its own debt.
This kills the common man. He has no control over governments or central banks. His simple savings account gets hammered by artificial inflationary manipulations. His savings interest AND PRINCIPAL are eaten up by inflation and never recovers because he has no control over the rate of interest paid to him.
TAXATION
In New Testament times taxation was called "tribute" (render to Caesar what is Caesar's...). The way average persons have been taxed through time has depended upon the benevolence of the ruling power, how veracious its appetite for money and if it has any consideration for the taxed. Ruling classes have often manipulated their subjects to the breaking point. Populations have resisted, rebelled and have sacrificed even their very lives to stand up to tyrannical rule and over taxation. Fortunately many succeeded.
We find ourselves in a similar position today both domestically and internationally. We read of failing economies and central bank manipulations nearly on a daily basis.
Average savings accounts are taxed by government every time interest is paid thus killing any possible returns. Principal deteriorates as inflation robs the value of the account and the average man is eventually left with worthless paper.
FEES
Have you noticed that the bank charges you to put YOUR money in their bank? Savings and checking accounts are riddled with fees. Banks and credit unions are beginning to charge more and more for you to have the blessing of putting your money in their vault. Can someone tell me why?
Now, wouldn't it be great if you could just forget about inflation, taxation and fees and just save your money and not have to worry it will be worth less in the morning?
This is where gold comes in; in the form of smaller weights and kinebars.
A kinebar is a 999.9 certified gold bar of gram-weight encased within a credit card-sized wafer. It was designed for the average person enabling him to save and store gold without having to buy in full ounce quantities.
Gold has recently tested the $1,400 per ounce range. Putting a gram of gold (1/31 ounce) in the average man's pocket on a monthly basis makes it possible for him to beat the deteriorating system of fiat currency.
But, why save gold?
Just remember, as your fiat currency savings account loses value under the weight of inflation, taxation and fees your gold kinebar is increasing in value. It is not manipulated by the central bank or the Federal Reserve and you can spend it in nearly any country of the world. The merchant can even make change for a gram of gold!
Global economies are collapsing at an alarming rate. Wouldn't it be better for you to own gold than worthless paper?
The term "shekel" was coined about 3,000 years ago. It represented a certain mass of barley related to certain weights of copper, silver or bronze.
In about 2,600 BC, gold emerged as a standard of exchange. It was not minted or refined but was used as a method of exchange in spite of its rough appearance.
When currencies are backed by gold (try finding one today) no deterioration of value is realized as governments overspend, over tax or manipulate their paper (fiat) currencies. Gold trades globally and has universal acceptance.
Here is the big question for us today though; what happens to a savings account if it is not backed by gold? Simply put, it loses value!
The loss in value happens in three ways: inflation, taxation and fees.
INFLATION
Inflation happens when demand for products or services exceeds supply. This kind of inflation is normally corrected by free markets and competition. We say "someone will always build a better mouse trap!"
Inflation is dangerous when manipulated by governments and central banks. Does this sound familiar?
Every time a government or central bank artificially pumps the money supply using money it does not have (ex. The Federal Reserve) the bank must print more money to cover its own debt.
This kills the common man. He has no control over governments or central banks. His simple savings account gets hammered by artificial inflationary manipulations. His savings interest AND PRINCIPAL are eaten up by inflation and never recovers because he has no control over the rate of interest paid to him.
TAXATION
In New Testament times taxation was called "tribute" (render to Caesar what is Caesar's...). The way average persons have been taxed through time has depended upon the benevolence of the ruling power, how veracious its appetite for money and if it has any consideration for the taxed. Ruling classes have often manipulated their subjects to the breaking point. Populations have resisted, rebelled and have sacrificed even their very lives to stand up to tyrannical rule and over taxation. Fortunately many succeeded.
We find ourselves in a similar position today both domestically and internationally. We read of failing economies and central bank manipulations nearly on a daily basis.
Average savings accounts are taxed by government every time interest is paid thus killing any possible returns. Principal deteriorates as inflation robs the value of the account and the average man is eventually left with worthless paper.
FEES
Have you noticed that the bank charges you to put YOUR money in their bank? Savings and checking accounts are riddled with fees. Banks and credit unions are beginning to charge more and more for you to have the blessing of putting your money in their vault. Can someone tell me why?
Now, wouldn't it be great if you could just forget about inflation, taxation and fees and just save your money and not have to worry it will be worth less in the morning?
This is where gold comes in; in the form of smaller weights and kinebars.
A kinebar is a 999.9 certified gold bar of gram-weight encased within a credit card-sized wafer. It was designed for the average person enabling him to save and store gold without having to buy in full ounce quantities.
Gold has recently tested the $1,400 per ounce range. Putting a gram of gold (1/31 ounce) in the average man's pocket on a monthly basis makes it possible for him to beat the deteriorating system of fiat currency.
But, why save gold?
Just remember, as your fiat currency savings account loses value under the weight of inflation, taxation and fees your gold kinebar is increasing in value. It is not manipulated by the central bank or the Federal Reserve and you can spend it in nearly any country of the world. The merchant can even make change for a gram of gold!
Global economies are collapsing at an alarming rate. Wouldn't it be better for you to own gold than worthless paper?
About the Author:
Learn more about gold, how to set up a FREE GOLD SAVINGS ACCOUNT and how to join the greatest business opportunity ever making money while you save. Stop by Perry Frandsen's site where you can find out all about kinebar gold, gold in small quantities and what it can do for you.