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  • Paul799's Avatar
    08-17-2019, 01:32 PM
    Paul799 replied to a thread Kinesis in Personal Prosperity
    Kinesis to launch new bullion-backed monetary system in Indonesia. Expansion built on close partnership and collaboration with Indonesian Government, Regulators, and key organisations, including the creation of Indonesia’s first bullion vault. Although the country holds tremendous economic potential, particularly in relation to its young and burgeoning middle-class, two thirds of its 260 million citizens don’t have a bank account. On the other hand, gold is a major part of the nation’s savings culture, and is regarded as a legal investment under Sharia law (Indonesia has the largest Muslim population in the world). Kinesis’ monetary solution is well-tailored to these circumstances. Gilarsi Setijono, President Director at PT POS Indonesia comments: “Gold is a very important investment and savings asset class in Indonesia across all segments of society and the first and only purpose-built vault facility will give significant access and confidence to the market. This vault project together with Kinesis and OZL, as well as other government-related gold savings initiatives, will be of long-term benefit to Indonesia and Indonesian citizens.” Stephanus Paulus Lumintang, President Director at Jakarta Futures Exchange, comments:
    39 replies | 4600 view(s)
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    08-03-2019, 11:00 AM
    The History of the World is a History of Gold While gold had circulated as money for thousands of years, the nineteenth century saw the advent of formal gold standards where countries linked their currencies formally to gold, and gold coinage circulated freely as currency. This was led by Britain in 1816 which took the initiative to move to a full gold standard, defining the value of Britain’s currency, the pound sterling, in terms of gold. Gold coins circulated freely as domestic currency, and paper bill currency was convertible into gold. It was at this time, in 1817, that the modern gold Sovereign was introduced by Britain’s Royal Mint. The era of the classical gold standard (in which countries linked their currencies to gold ) really got underway later in the nineteenth century, spurred by the growth of worldwide gold supply following the major gold discoveries in the US, Australia and South Africa. Germany introduced a gold standard in 1871. Belgium, France, and Switzerland did likewise in the 1870s, followed closely by Italy and Holland, and Japan in 1897. The US, which had introduced a bimetallic standard of gold and silver in 1792, moved to a full gold standard in 1900. During the First World War, many countries, including Great Britain, suspended gold convertibility, while the US kept its gold standard in place at an official gold price of $20.67 per troy ounce. Following the post-war Genoa Conference in 1922, a new ‘gold exchange standard’ was launched where countries could link their currencies to the British pound and US dollar, with the dollar and pound convertible into gold. Britain re-entered this new gold standard in 1925, but dropped out again in 1933, with many participating countries also dropping out at that time. The US then went off its gold standard domestically in 1933, inflating its money supply and outlawing gold ownership for US citizens. In 1934, the US government enacted legislation transferring all Federal Reserve held gold held to the US Treasury, while raising the official gold price to $35 per ounce, further inflating the US money supply. At that time the US money supply was still 40% backed by gold.
    25 replies | 1969 view(s)
  • Paul799's Avatar
    08-02-2019, 09:53 AM
    Gold & Silver Price Manipulation – The Greatest Trick ever Pulled There is probably no other topic in the gold and silver markets which incites heated debate more than the subject of precious metals price manipulation. That prices in the precious metals markets are manipulated is not speculation, it is fact, a fact made clear again recently by the Commodity Futures and Trading Commission´s (CFTC) ruling against investment bank Merrill Lynch Commodities Inc (MLCI) for spoofing pricing of gold and silver futures contracts on the COMEX exchange. The number of investigations, legal cases, class actions and financial headlines involving precious metals manipulation are now so pervasive that it’s hard to keep track of which cases are in motion and which investment banks are under scrutiny at any given time. But beyond the profit and greed driven bullion bank manipulations gold and silver prices, there is also the issue of central bank policy interventions to suppress the gold price by outright gold sales or using the opaque and secretive gold leasing and lending market. This is a less talked about manipulation given the secrecy of everything to do with central banks and gold, as well as a reluctance of the financial media to broach the subject and a reluctance of regulators to ´go there´ by even looking at central bank gold market activities. The motivations for such central bank interventions include protecting the existing financial system, engineering low real long term interest rates, and preventing gold acting as a barometer of inflation.
    25 replies | 1969 view(s)
  • Paul799's Avatar
    07-26-2019, 03:09 PM
    A few weeks ago, you may have seen the story of a British member of Parliament reading into the official record a lengthy synopsis of precious metal price manipulation, the sordid involvement of the bullion banks and the risks these banks pose to the global financial system. If you missed the headlines at the time, here's a recap from Chris Powell at GATA as well as the official transcript from the Parliament's website: As it turns out, our old pal Andrew had a hand in assisting the Honorable Mr. Lefroy in this project. So Andy's here today to discuss his role in this process, what steps are coming next and what he hopes this new level of official notoriety might accomplish. Many thanks to Andy for his time today and for his ongoing efforts in the fight to create a fair and just pricing system for the precious metals.
    25 replies | 1969 view(s)
  • Paul799's Avatar
    07-24-2019, 11:54 AM
    SWISS BANK LOSES CLIENT’S GOLD Don’t let your bank hold your gold. They might not find it. A gold investor told us recently that his Swiss bank had moved the client’s gold from the bank’s safe to a private vault in the name of the bank, in Zurich. The client was aware of this move. But then the problems started. The gold was allocated and the client had the bar numbers. The client wanted to store the gold through our company and instructed the bank. But the gold wasn’t there any more. The gold was supposed to be segregated but the bank had stored it in the collective vault. And the client’s allocated, numbered bars were not to be found anywhere. German Bank Refuses To Return Client’s 1/2 Tonne Of Gold
    25 replies | 1969 view(s)
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    07-23-2019, 02:53 PM CHOOSING A VPN Disclaimer: The below guide is my opinion, which I will try to provide as many examples for and as much evidence as possible to support. I reference my VPN Comparison Chart throughout much of this post, not so much for shameless self promotion, but because I believe it to be a solid resource to determine if a VPN meets your criteria and to assist you in deciding which is best for you. Much of this guide is relevant and therefore repeated in the other guides I have on That One Privacy Site. If you just want an ELI5, read the bolded segments throughout the guide for the highlights. If you want to go down the rabbit hole on this topic, read on, and buckle up – this is going to be long.
    5 replies | 826 view(s)
  • Paul799's Avatar
    07-20-2019, 12:24 PM
    According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.” What kind of "democratic control" are central banks subject to? :mad: :mad: :mad:
    29 replies | 2294 view(s)
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