Bitcoin has a lingering problem

Bitcoin has a lingering problem that few people are talking about amid the renewed exuberance of the recent price surge.

Hardly anyone is using the world’s largest cryptocurrency for anything beyond speculation. Data from New York-based blockchain researcher Chainalysis Inc. show that only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years.

Even though marque companies such as AT&T Inc. now let customers pay with cryptocurrencies, the problem is that few speculators want to use the digital coins to pay for wireless services when the digital asset’s price might surge another 50% in a matter of weeks. That’s become the main dilemma with the cryptocurrency: Bitcoin needs the hype to attract mass appeal to be considered a viable electronic alternative to money but it has developed a culture of “hodlers” who advocate accumulation rather than spending. Full Article Bloomberg

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GOLD STANDARD AS THE FIRST FINANCIAL CENTER OF DIGITAL ECONOMY 

Gold Standard Bank has become the most significant global multinational holding company in financial sector that has been setting new trends in the blockchain sector development. Its rapid growth is based on the understanding that the world of the future will draw on technology and gold. Over the past few years, it has become the largest venture, which has implemented a numberof successful innovative blockchain projects related to introduction and development of gold exchange transactions.

Global Gold Payment System

With the uncertainty in the world economy it is never too late to make a safe investment in gold. How to invest in gold can be done easily and securely and it does not matter what the price of gold is currently trading at. When you purchase gold it is a good idea to dollar cost average your purchases. This means that you will be putting a certain amount of money towards whatever type of gold investment you prefer each and every month. You will do this regardless of the price.

There are 4 different ways that you can invest in gold. These include gold bullion, gold ETF’s, gold-mining stocks, and gold ETN’s. The two more common choices are gold bullion and gold mining stocks. With gold bullion you can purchase physical gold including gold jewelry, gold bars, and gold coins.

Gold bullion, coins, and jewelry can be stored in a floor or wall safe in your home or in a safety deposit box at your bank. You can also store your gold at certain companies such as Karatbars in Stuttgart.

Company To Link Gold Trade Payment Methods With Cryptocurrency Techniques

KaratBank is creating a new Blockchain-based cryptocurrency based on the ancient legacy of gold. Whilst not readily used in trading today, gold has traditionally been viewed as a safe and secure investment. Combining this historical method with the most modern, cryptocurrency, may not seem like a likely partnership. However, a new company is doing just that.

KaratBank claim that they take the advantages of gold trading and apply it to cryptocurrency. They highlight that gold is a trusted means of investment worldwide, is limited in quantity (which can push up value) and is also stable in price. By linking each of their KaratBank Coins (KBC) to a physical weight of deposited gold (in the form of CashGold – 24 carat gold embedded on a bank note), each token has a stable, trusted value. KaratBank Coins are based on the Ethereum Blockchain protocol allowing for use of smart contracts. The team describe the coins as ‘the foundation of a strategy to promote the development, infrastructure and distribution of a safer, more trustworthy payment means.’ KBC is linked to KaratPay, an online payment platform.

Their whitepaper describes KaratBank’s end goal as ‘The KaratBank Coin is designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.’ There are many advantages to KBC listed: its links to reliable 24 carat gold prices; the ability to exchange for CashGold at any time; real-time exchanges from any location at any time; the ability to use other popular crypto such as Bitcoin to purchase KBC; free and borderless transfers; and the low service charges for using KaratBank. These advantages have not gone unnoticed, as KBC payments steadily become more and more accepted around the world for transactions.

Reassuringly, KaratBank are in cooperation with Karatbars GmbH, (who already have an established community of nearly 500,000 users worldwide who have collectively invested $120 mln), meaning that the growing number of companies worldwide accepting Karatbars as payment will also do so with KaratBank Coin.

The pre-ICO has already begun and will continue until March 21, with the main ICO beginning March 22 (1 KBC = $0.05). By April 18, the team aim to have KaratBank Coin listed on one major exchange. By 2020, they hope to have 2 percent market penetration, and market capitalisation at $500 mln.

For a start, KaratBank CEO Harald Seiz has forty years of experience in financial consultancy. He is also founder and managing director of Karatbars International GmbH, bringing his extensive knowledge of the relationship between gold and cryptocurrencies to KaratBank. His expertise has been recognised by the Federal Association for Economic Development and Foreign Trade, who have awarded him a Senatorial Degree. The rest of the management team also have extensive management credentials from various financial companies across Germany, and the advisory staff boast experience from Karatbar operations in Dubai to the UK.

The knowledgeable team and proven success record with Karatbars indicates an exciting time for this company, and possibly a revolutionary new way of currency investment by marrying traditional investment methods with new innovations.

For more information click HERE

Source: CointelegraphKaratbanks

KaratBank

Harald Seiz, CEO and Founder of Karatbars International was appointed Senator by the German Federal Association for Economic Development and Foreign Trade (BWA).

The goal of Harald Seiz is to develop innovations on the subject of monetary policy, hand in hand with the domestic and foreign policies.

“I am convinced that we can make a difference” Harald Seiz says, “because a debt-free currency is within our reach, but we can only bring change if we take joint action.” Learn More, The Greatest Wealth Transfer

Karatbars International is already working on it; 24k Gold is the oldest currency in the world. “We want to set an example and show the world that it is possible to introduce debt-free means of payment.  Click Free Registration

With the help of politics and the general public we have a huge opportunity to provide a better life to people worldwide. ”

Conducted by Anja Schäfer-Oettinger

More about Karatbars International

The 401k Future

Coming changes in the retirement industry represent a seismic shift decades in the making.

Simply put, a comfortable and secure retirement can no longer be taken for granted by the vast majority of the population. Unlike the past, no single institution or corporation will come to the rescue with guarantees. Today, employees are largely on their own when preparing for the future, yet the extent to which most people will reprioritize to fund their own retirement remains to be seen.

With the looming threat of a flat-lining retirement industry, defined contribution plans like the 401(k) arguably act as a defibrillator—and a good one at that—but they’re far from a sure bet.

Step Back: How Did We Get Here?

No matter how unfashionable it might be to acknowledge past actions or inactions that have led to a current conundrum, every now and then, it’s worth a pause to consider the course of events that have led to where we are and where we’re most likely headed.

Historical Context

Rather than rehashing 50 years of history, suffice to say that globalization is largely to blame for much of the strife facing the retirement industry today. Looking back to the late 1960s, after Vietnam and before low-cost labor from Asia impacted worldwide pay scales, baby boomers became a driving force, both politically and economically, exerting significant pressure on both wages and benefits in the United States. Those were the halcyon days of labor unions, when employees, both skilled and unskilled, were given not only high wages but also high quality medical benefits and pension plans that would ensure a flow of income all the way to the grave.

The risks and costs of guaranteeing lifetime benefits didn’t escape the attention of the companies offering them, but there were no easy solutions. Some defined benefit pension plans were negotiated but then not properly funded. And others got creative with their actuarial assumptions, in some cases applying a discount rate of 8 percent or more in an attempt to deny or forestall the reality of the future cost of the guaranteed retirement plan.

When China decided to become a member of the world community, things went from bad to worse. Product production shifted into high gear in Asia at a cost that was substantially less than goods produced in the United States. And this sent U.S. companies scrambling to remain competitive, which meant reducing costs and overhead as much as possible. As a way of reducing labor costs, benefit plans were among the first expense categories that came under pressure.

Industry Context

Over the past 20 years, corporate America has increasingly done away with defined benefit plans to instead offer profit sharing plans in conjunction with 401(k) plans. Today, DB plans have all but evaporated from the landscape, with the exception of plans offered by local, state and federal governments. These employers have not felt the pressure of foreign competition, however tremendous unfunded liabilities and significantly longer life expectancies are beginning to take their toll. The strain on governments to properly fund these plans leaves few other options than to raise taxes.

Thus, the whole concept of a guaranteed lifetime benefit has gone the way of other impossible dreams. The 401(k), 403(b), and other similar plans are now the primary source of future retirement income to go along with Social Security. And employees are now largely responsible for their own retirements. So, where do we go from here?

The Much Needed Wake Up Call

Right off the bat, employees must be made to understand exactly what’s at stake. And the most effective way to make that point clear is by providing a personalized retirement readiness assessment. For some, this can feel much like a virtual ice bucket challenge, which is just what you want. The report should delineate how much employees should save for retirement, based on their specific needs, versus how much they’re saving currently. And if they’re not going to make it, they need to be told—in no uncertain terms.

Employees are not the only ones that need a wake up call. The responsibility also lies with plan providers. The new DOL ruling is an admonition to the retirement industry—that plan providers and advisors must act in the best interests of plan participants, which should mean helping to alleviate some of the retirement planning burden by providing the best possible services at fair and reasonable prices.

A Pill Worth Swallowing

Breaking the news to plan participants that need to save around 18% of their earnings can be difficult.  But there is good news to deliver as well. The key points to illustrate are the exponential benefits of even small increases in 401(k) contributions, the power of compound interest over time, and the tax savings that can be realized.

Another vital part of this conversation should be a discussion of the optimal asset allocation and investment choices based on the employee’s specific needs. When the advisor can illustrate savings growth, based on realistic rate of return assumptions, financial goals begin to seem achievable.

The employee education process is crucial to the success of the 401(k) plan. But the time and effort it takes to really get through to people—including group educational forums and one-on-one planning session—is substantial.

Increasing the Odds

No matter how much plan participants can discipline themselves to save, if they’re invested in inferior investment products, it could be all for naught. To make a real difference in people’s lives, plan fiduciaries must be hawkish when it comes to the quality of the investments options and the legitimacy of the fees.

Advisors should recommend benchmarking the plan on a continual basis, to determine the latest industry standard for investments and to identify and eliminate any excessive and unnecessary fee. This is at the heart of what it means to be a plan fiduciary—to act solely in the best interests of the plan participants, act in a prudent manner, diversify the plan’s investments, and ensure that the plan expenses are reasonable.

Through a diversified fund lineup, that includes both active and low-cost passive investment options, and by ensuring that providers are free of inherent conflicts of interest, the odds of achieving a desired level of retirement readiness can be well within grasp.

Tracking Progress

Once the right products are in place, it’s imperative to remain vigilant in ensuring that performance remains on course and individual plans stay on track. To that end, a process for the selection, monitoring and replacement of investment choices is imperative.

As those in the retirement industry for any length of time have observed, if the current course is left unchecked, the prospects are bleak. We’re trending toward a scenario where many, many people will find themselves struggling to make ends meet during retirement. That’s why, now more than ever, plans sponsors and their advisors have a duty to help.

If being in this businesses is worth doing, how much more satisfying to know that you’ve helped steer as many people as possible toward a more promising future. It’s a great challenge and it will take a concerted effort on behalf of everyone to see to it that no one is left behind.

Source: 401k Solution Beirne Wealth

Gold: Why Doesn’t Your Financial Advisor Recommend It?

When it comes to your investments, diversification hasn’t worked. The “Buy and hold” strategy has become “buy and hope.” The one asset that could have helped stabilize your portfolio isn’t ever recommended by CNBC or your financial advisor. That asset is gold.

One cannot rely on CNBC or conventional financial media advice as they are misinformed.

Continually CNBC bashes gold as gold is the enemy in their book. They’d rather you put your trust in assets that don’t counteract the fall of the U.S. dollar. How has that worked for investors the last 10 years? Not well.

It’s not your fault you’ve lost money on your investments but you’re not being told the whole truth about investing to begin with and things unfortunately are worse than you may think.

We have experienced in 2008 and 2009 a horrendous Global stock market downward spiral and the U.S. stock market hadn’t seen this type of decline since the great depression. While nothing goes straight down, and bounces like we’re experiencing now will and do occur, those bounces will only be followed by further declines for the time being.

Governments have made it so we don’t know much about investing in gold.

The U.S. Government hides from us how much gold is stored in Fort Knox and won’t even let us audit it. Why the secrecy?  Every Central Bank in the world owns gold, so you’d think governments would advertise this fact so their citizens would have a stronger belief that their paper currency has some sort of gold backing, especially with the recent rise in the price of gold.

Gold used to back our currency, but for the last 38 years it has not. What really backs our currency? The answer is the full faith and debt of the U.S. government. The dollar has lost 81% of its purchasing power in those 38 years. What cost $1 in 1971 costs $5.31 today for that same item.

Gold used to be the money of our forefathers. Today, if they were alive, they’d demand their portraits be removed from the currency as it does not subscribe to the definition of money they laid out in the Constitution.

Ignorance of how gold fits into ones understanding of money or even how to include gold as part of a diversified portfolio is not your fault either. It’s one of the dirty secrets you’re better off not knowing about. That is, unless you want to protect your wealth from confiscation through the coming tsunami of inflation.

The hottest market in the last 10 years and your financial advisor had the opportunity to put you into gold but they didn’t do it. 

You see, financial advisor’s aren’t taught anything about gold as a viable investment except that it is a commodity and sits atop the pyramid of investments at the highest risk level while the U.S. Dollar sits at the bottom “safe” level.  Hmmm, hasn’t the dollar lost about 25% in value the last five years?

Many financial advisers are really clueless about gold because even their Certified Financial Planner (CFP) textbooks don’t explain gold well.  I bought and paid for the entire CFP course and received all the books in advance.  The book for the investment class, “Investments: An Introduction”  Seventh Edition by Herbert B. Mayo (Custom Edition: College for Financial Planning), had six pages devoted to gold, almost all of which bashed gold as an investment relating it to” jewelry” and “numismatic coins.”  The book called buyers of gold, “collectors” and didn’t even mention U.S. Gold Eagle coins or the U.S. Mint.

So the next time you see your financial adviser (CPA, Insurance Agent, Psychic or whomever is advising you on where to invest), show them the table below and ask them why they didn’t have you diversified into gold the last 5-10 years and why they aren’t recommending you insure the continuous decline of the U.S. dollar with an investment in gold today.

And remember one important fact; if your portfolio goes up 10% and the U.S. dollar falls 10%, you haven’t gained any true wealth. 

Diversification into gold can help counteract the decline in the U.S. dollar and maintain your wealth. 

In a future article I will be discussing more reasons to diversify into gold.

Ask for more information BUY GOLD TODAY  

YEAR END PRICE OF GOLD
2000 $273.60
2001 $279.00
2002 $348.20
2003 $416.10
2004 $438.40
2005 $518.90
2006 $638.00
2007 $838.00
2008 $885.50
2009 $1,992.00

Contact me Here to open a free Gold account

KaratPAY

KaratPAY a new global payment.

KaratPat_n

Soon all around the globe people will have the opportunity for the first time to control the inflation on their own economy and their own currency devaluation.

Do you Imagine maintaining the same purchasing power in the years to come? Continuing with your same life, and at the meantime others have to work more and pay more for their products? All this happens for the actual currency devaluation, every day our necessities are more expensive. Stop demanding for better salaries, take action with KaratPAY you’ll be in control and become more financial independent.

Learn more at Karatbars The Global Currency

Do you need Insurance against the U.S. Dollar?

The world’s financial landscape is changing…
And it could soon cause a lot of money to move out of the U.S. dollar.
So how do you protect yourself? By following China’s lead.
Let me explain…
On Monday, the International Monetary Fund (“IMF”) announced that China’s currency – the yuan – will join its reserve currency basket.
This basket includes the currencies of the world’s financial superpowers – the U.S. dollar, Japanese yen, British pound, and the euro.
The yuan being added to this basket will give China a new global status. And  Steve Sjuggerud says it will cause hundreds of billions of dollars to move into the yuan… and potentially out of the U.S. dollar. Here’s what he wrote in a May DailyWealth essay:
Billions of dollars will move into [the yuan] when it achieves reserve currency status. The likely loser in this will be the U.S. dollar – as governments diversify a percentage of their currency reserves out of the dollar and into this currency.
You see, the U.S. is facing an enormous $59 trillion debt problem. The only way for the U.S. government to pay its incredible debt is to print more and more dollars… and debase an already devalued currency. (Every time the Fed prints a new dollar, the value of every dollar in circulation declines just a little bit.) This doesn’t make the dollar all that appealing to investors.
Printing-money
But soon, investors will have a new, more appealing reserve currency to invest in. China is the world’s second-largest economy. In a few years it could be the world’s largest economy. And China has a huge hoard of gold. From January to September, the country added around 1,171 metric tons of gold to its hoard. That’s more than the Swiss government has in its vaults. And in October, China bought another 14 metric tons of gold. China has spent about $70 million buying gold over the past two years.
While it’s probably impossible for China to have a completely “gold-backed” currency, this gold allows the yuan to offer a guarantee more substantial than the dollar, which is only backed by the “full faith and credit of the U.S. government.”
That’s why investors are soon likely to diversify out of the dollar and into the yuan.
So how do you protect yourself from a decline in the U.S. dollar? Follow China’s lead and buy gold…
China-Gold
In November,  China has secretly been buying massive amounts of gold as insurance against the U.S. dollar.
In short, thanks to its exports, China’s foreign-currency reserves have swollen from $2.5 billion in 1980 to $3.7 trillion today… So China has had to figure out what to do with all that cash.
Initially, China bought U.S. government bonds. It holds $1.3 trillion in U.S. bonds… the most U.S. debt in the world. But with a dollar crisis likely on the way, China faces a huge problem…
So it has been “safeguarding” the value of its currency reserves. That means one thing… buying gold. Because gold is a real store of value, the price of gold goes up if something bad happens to the U.S. stock market or dollar.
I recommend safeguarding your own wealth against the dollar by buying and holding gold bullion. And with the price of gold down more than 40% since its 2011 peak, there hasn’t been a better time to buy in the past five years.
Take a page from China’s playbook… stock up on some gold bullion. It’s a smart insurance policy as the world’s financial landscape changes.
If paper currencies like the U.S. dollar collapse, gold will still hold value. That’s why Doug Casey, one of the world’s top experts on gold and resource investing, views gold as “cash in its most basic form.” 
Contact me HERE if you need more information about my gold free program strategy

France steps up monitoring of cash

The French Finance Minister Michel Sapin, has announced a drastic tightening of the use of cash in France. As the newspaper Le Parisien reported, citizens will be strictly monitored beginning September 2015 if they make payments in cash. Restrictions will include:

Michel Sapin-

  • A limit on cash payments will be reduced from 3,000 euros to 1,000 euros.
  • Tourists can only pay up to 10,000 euros in cash, so far there were 15,000 euros.
  • If a Frenchman wants to change money into another currency, it must still do to 1,000 euros without identification only. So far,
  • French could buy foreign currencies for 8,000 euros.
  • If a bank customer stands out more than 10,000 euros a month from his account, the bank must report the transaction to the
  • Money Laundering Authority TRACFIN.
  • Banks must inform the authorities of all cargo transfers within the EU that exceeds 10,000 euros. This regulation impacts
  • checks, pre-paid cards, and even gold.
    The control of crypto-currencies like Bitcoin are set to be tightened drastically.

My question for you: how will your country, if they did the same as France (even the United States), react? How will it affect your money? What will happen with your purchasing power? 

Learn more: The greatest wealth transfer

Source: Router