Friday, December 11, 2015

Got Karatbars? China announces that in April they will open gold market to new Yuan benchmark

Back in June, China intimated that they were getting prepared to open a new gold exchange that would be benchmarked in Yuan versus the current system that is denominated in dollars.  And while many gold and silver holders were hoping it would come online this month at the Shanghai Gold Exchange (SGE), officials on Dec. 10 announced that the platform has been moved out until April of 2016 where it would be open to both Chinese and foreign banks for physical exchange of gold, denominated in Yuan, and at a new price.

SINGAPORE: China has delayed the launch of its yuan-denominated gold benchmark on the Shanghai Gold Exchange (SGE) to next year, two sources familiar with the matter said. 
The yuan price fix would mark one of China's biggest steps so far towards capitalising on its position as the world's top producer and consumer of gold. State-run SGE had initially planned to launch the benchmark by the end of this year but it will now be launched in April. 
The reason for the delay was not immediately clear. The exchange was without a chairman for nearly six months, before it named a central bank official as the head of the bourse in late October. 
"It will start in April with Chinese banks and some foreign banks," said a source with a local bank that imports gold. "Jewellers, miners and banks could use this price as a benchmark." - Economic Time.India Times

The significance of China establishing a physical gold price is that it would become the only real physical market remaining in the global market system.  For the past two and a half years, the current benchmark in London and New York has refrained from any physical deliveries, and is simply acting as a derivatives market, and a conduit to protect the dollar by smashing down gold prices with naked short contracts.

However China is not the only nation seeking to wrest long-standing financial mechanisms away from the U.S. as Russia on Dec. 10 announced they were going to create a new oil market system that will compete directly with BRENT and WTI, and allow their oil to be sold in currencies outside the dollar.

The coming new global financial system that will replace Bretton Woods and dollar hegemony is accelerating at a rapid pace, and will inevitably be backed by a gold based trade note or currency.  And these are the final days for people to get out of their dollars and paper assets and get into physical gold before the ongoing shortages make it impossible to prepare yourself for what will evolve.

Ie... who was prepared in 2008 when the stock market crashed, the Great Recession occurred, and when foreclosures manifested for millions of Americans?

But you can be prepared, and the best way is to move out of dollar based paper assets, and into the historic protector of wealth is through a company called Karatbars.


Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.


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