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

2014’s Most Despited Investment Was Up 73%

You may think I got these numbers wrong or that the headline below is a joke, but as you’ll see, the most despised investment class of 2014—gold—really was up 73% last year… in Russia.

Before you dismiss that as irrelevant, you should read Jeff Clark’s brilliant article on the subject; it’s fun and yet fact driven and presents a perspective all investors should give serious thought to.

“Gold Price in Rubles Rises 73% in 2014”

The article detailed how gold had soared last year due to the depreciation of the ruble. What especially pleased him was that gold rose more than the ruble fell. It also outpaced the rise in inflation.

The article included a chart of the last six weeks’ price movement, during which the ruble had taken an especially ugly drop.

GoldPriceinRublesGoesThroughtheRoof
Karatbars International GmbH

The price of gold rose against ALL currencies in 2014—except the US dollar. Yes, gold was up in the euro, Japanese yen, Swiss franc, Canadian dollar, British pound, Australian dollar, New Zealand dollar, Chinese renminbi, Indian rupee, Swedish krona, Brazilian real, Israeli shekel, and South Korean won.

Even more interesting was that gold outperformed most stock markets around the world… GoldOutperformedStocksExceptinUSandCanadain2014

If you agree, I encourage you to forward this edition to all your friends who should give the matter due consideration. If the worst of our economic fears do come to pass, they’ll be glad you did.

ALLOW me to observe…we are NOT a Speculative Investment…
Karatbars are Gold as Money…

Contact me HERE to be a part of our worldwide business expansion.

Learn more The Greatest Wealth Transfer in History

Gold Fix Study Shows Signs of Decade of Bank Manipulation

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If you still believe that the gold is only for investments, maybe this article will change your mind: 

Gold Fix Study Shows Signs of Decade of Bank Manipulation

The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.

Before reading this article let’s review a few questions:

This news about gold manipulation price, does it really matter? Is it even relevant to you as you go about your busy schedule?

First, we need to understand that the gold investment is not for the majorities of population. People often confuse the terminology between “Investment” & “Protect” in finances. But in this article you will see that if you are an investor or not, you will be thinking that it is important to review these questions: May be you do not have access to buy gold, for many reasons such as where to get it, pricing, quantity, etc; but, are you questioning, why your money isn’t working for you? Or why your purchase power is less and less every single day?

Too many people believe that it is not a good time to buy gold, because the price is unstable. In this article, these prices are manipulated for the advantage of the biggest banks. So, what are you doing to protect your fiat money ($/€)? With more paper money? Work harder? What happens when the market finally notices that the world currency (Dollar) does not have value? What will happen with the value of your paper money, your earnings, and your savings?  The gold investment industry is just for qualified investors. The 90% of the population need to protect their money that they have already earned.

Bloomberg: Another Gold Price Fixing scandal bomb was dropped today: http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html

If you wondering where you can start saving gold, visit my page: Gold Back Program