Digital Gold Currency and the Establishment of Sovereign DGC Systems.

David Knox Barker, founder of Long Wave Dynamics, LLC, was recently interviewed by Clif Droke of the Gold & Silver Stock Report and he spoke extensively on digital gold currencies and their role in the future world monetary system. The most interesting aspect for readers of The Monetary Future revolves around the notion of sovereign players entering the digital gold currency market alongside the private digital gold currency banks. Barker states:

“All of a sudden for the first time in 20 years the central banks aren’t sellers of gold. I think we’re in a window here where gold is effectively the world’s second reserve currency. It’s not acknowledged publicly and people aren’t aware of it but I believe gold is the second reserve currency behind the dollar. Depending on what government policy does will depend on whether gold becomes more dominant. I think fiat currencies are here to stay but what most people have not yet recognized – James Turk has recognized it; he’s the founder of GoldMoney.com – is that during the next long wave advance gold will become even more important. [Turk] has created a new currency based on gold. If you combine the data system of the Internet with gold and with secure vault storage in Switzerland or London, Digital Gold Currency has the potential to become huge. Right now you can open an account with DGC at any given time and you can move in and out into other currencies into your gold account. It’s coming.

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gBullion – new service for buying gold

[ Tags | Buy gold | digital gold | gbullion | payment system ]

gBullion is an e-payment system that enables you to buy gold and make safe instant payments all over the world.

Ref-link: https://www.gbullion.com/?ref=669839

Create your own gold reserve

March 10 2010 is a start date for gBullion – new payment system that enables any user to buy/sell gold and make safe instant payments all over the world.

All transactions are made in system digital currency – gB, wherein 1 gB is equal to 1 gold gram. After the purchase gold bars (of 99, 5% or higher purity) are stored in the specialized secure Vault while corresponding quantity of gold grams (gB) is transferred to electronic gBullion client account.

At any time user can exchange digital gold (gB) for real gold and obtain gold bars from a Vault located in UAE, or take delivery to specified address. Besides gB holder can transfer his digital gold (gB) to another gBullion user. All transfers are instant and free.

Source:http://news.yahoo.com/s/prweb/20100310/bs_prweb/prweb3696304_1

The Dollar Bubble

[ Tags | bubble | dollar | gold | inflation ]

There’s nothing to thank China for.

[ Tags | crisis | Questions ]

Those who attentively observe the world economic news must have noticed how much the attitude to China has recently changed.

Only yesterday the world press teemed with articles forecasting China would save the world economy and take a leading position in the world. The former statement caused everybody’s enthusiasm while the latter was not so univocal and even seemed threatening for many. Now everything has radically changed. The connotation of the comments is not that pathetic, and more authors tend to impart negative color to this theme in their articles. China – from the savior of the world economy – has turned into its almost main threat. They report it quite in this key – the time-bomb.

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Why should I invest gold?

Recent studies have shown that over the past 50 years, the most profitable type of investment gold was. However, analysts argue that in the future gold will reveal their capabilities more in connection with not very strong position of the dollar and oil.

Banking consultants, who over the past few years have witnessed the irreparable damage that caused investors crisis, also speak of investment gold means to. Further still they strongly recommend to invest gold to keep holdings in positive rate. Its particular appeal of investing in gold obtained after the 2008 after depreciated investments in real estate have appeared. Yet it is real estate topped the lists of the most presentable of a stable enrichment. And, at a time when gold has continued to show steady growth up to 17%, real estate fell into negative. Thus future of gold perspective as real estate was became fuzzy. (more…)

Gold rush of mints

[ Tags | dollar | gold coins ]

Now the times of trouble have come for once secure dollar, and investors are seeking for a new safe haven. They chose gold to be their favourite, and the historical peaks of this yellow metal are being renewed almost every day. It’s upon the table, where there’s demand, there’s supply, and gold rush has now involved practically all world mints which began coining more gold coins.

The Royal Mint of the UK decided to get use of the growing demand for gold and, according to data obtained by Bloomberg News, quadrupled production of gold coins in the third quarter of this year.

During the period from June to September Great Britain has output 32,735.8 ounces from 7,500.2 ounces a year before (troy ounce is equal to 31.1 g). As data show, production has been more than tripled in the first nine months. Along with that silver coins output also rose, yet in the first nine months it has gained only about 31 percent, to 278, 38 ounces.

The USA, Austria and many other countries also began coining more coins. The US Mint more than doubled sales of American Eagle, in the first nine months to 954,000ounces. Muenze Oesterreich AG, the Austrian mint, the world’s largest marketer of pure gold coins, sold 1.9 million ounces of gold so far in 2009, said its President Kurt Meyer.

It’s remarkable that it’s not only state organizations that show an interest in gold. Harrods Ltd., the London department store, began selling gold bars and coins in October, for the first time since 1834.

Why do we need a blog about gold?

In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later

Harold Geneen

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Dubai and the world’s problems

[ Tags | crisis | dollar | dubai ]

The growth of new bubbles in different world economy sectors had scarcely stirred up the expert community as the old bubble at once rose to the surface. Dubai World state-owned corporation asked for restructuring of its debts and all the world considered it to be an actual declaration of default of not the corporation only but of the Dubai Emirate in whole.

No wonder this story goes as it does. It’s an open secret that the real estate market in Dubai has long been declined. Moreover, for everybody Dubai has become an ideal sample of bursting bubble. Thus, if anybody supposed that the money he had lent to Dubai and buried it in their ambitious projects would someday come back out of the blue to the creditors, he was surely a thoughtless and inadequate person.

But the problem is not only with Dubai. This spring IMF has estimated the world financial system toxic assets at $4 trillion. To our mind their estimate is understated but that’s not the point. The point is that today only $1.5-1.75 assets are written off whereas the rest is just waiting its turn and all the events concerning Dubai are just minor but quite remarkable episode of an impending drama. But in fact everybody has suddenly forgotten about toxic assets and changed for the green shoots which without fail have become full-grown bubbles promising a new series of toxic assets.

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