If the World is Dumping Dollars, Why Are You Saving Them?

If the World is Dumping Dollars, Why Are You Saving Them?
In his latest Conspiracy of the Rich Bulletin, Robert Kiyosaki gives some frightening insight into how the world’s central banks are preparing for the collapse of the dollar – and how you can too. Don’t get caught in the coming financial storm! Find out how to find your financial high ground.

On November 3, the International Monetary Fund sold India 2,000 tons of gold for $6.7 billion. What is interesting is that India purchased the gold at the highest price in history. In other words, they do not care what the price of gold is. They simply do not want counterfeit money. This purchase makes India’s Central Bank, the 9th largest holder of gold.

– Excerpt from Robert’s Conspiracy of the Rich Bulletin

Learn how to protect yourself from the dollar’s demise today.

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Coming Soon!

1. The real truth about money, currency and gold "the real money".
2. Bank Savings or Gold? Which will make richer?
3. Gold investement made simple!

Gold as Medium of Monetary Exchange

Throughout the world gold was widely used as a standard for monetary exchange, but has been abandoned by world governments which have issued fiat currency in its stead. The amount of gold in the world is finite, but there is no limit to the quantity of paper currency which can be issued. At the beginning of World War I the warring nations moved to a fractional gold standard, inflating their currencies to finance the war effort. After World War II gold was replaced by a system of convertible currency following the Bretton Woods system. The last country to tie its currency to gold was Switzerland, which backed 40% of its value until the Swiss joined the International Monetary Fund in 1999.[8]
Pure gold is too soft for day to day monetary use and was typically hardened by alloying with copper, silver or other base metals prior to the advent of paper money. The gold content of gold alloys is measured in carats (k), pure gold being designated as 24k. Many holders of gold in storage (as bullion coin or bullion) hold it as a hedge against inflation or other economic disruptions. (The ISO currency code of gold bullion is XAU).
Gold coins intended for circulation from 1526 into the 1930s were typically a standard 22k alloy called crown gold, for hardness. Modern collector/investment bullion coins (which do not require good mechanical wear properties) are typically 24k, although the American Gold Eagle, the British gold sovereign and the South African Krugerrand continue to be made at 22k, on historical tradition. The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% (.99999 fine). The popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%. Several other 99.99% pure gold coins are currently available, including Australia's Gold Kangaroos (first appearing in 1986 as the Australian Gold Nugget, with the kangaroo theme appearing in 1989), the several coins of the Australian Lunar Calendar series, and the Austrian Philharmonic. In 2006, the U.S. Mint began production of the American Buffalo gold bullion coin also at 99.99% purity.

Source: Wikipedia

How to identify your jewelry metals

Gold: Generally gold can be identified by markings embeded somewhere on the item and will consist of a number, or numbers followed by the letters kt. These numbers would range from around 8kt, to as high as 24 kt. On occassion, gold will also have letters replaced with numbers such as .585 (14kt) or .750 (18kt). The higher the marking numbers, the more valuable the gold is. The most commonly created gold colors are: The normal yellow followed by white, and sometimes even rose, or green colored.
Silver: will contain one of the following character markings: "silver, sterling, or 925
Platinum: will contain any of the following character markings: .950 or PLAT.
Vermeil: This is gold plated silver, and would be valued out as silver.

About Gold

Gold have been the most value metal around the world since the dawn of civilization. Many ancient culture used gold as means of wealth and also jewellries.
Interestingly, people buy shares in mining companies which spend large amounts of money exploring for gold. When they find it they spend additional millions digging the ore out of the ground and processing it at further considerable expense. Later banks and people buy the gold and most of it is then buried again in the bank vaults and private safes. A small percentage is used to manufacture jewellery which also spends much of its time under lock and key. Gold has served as a store of wealth for a long time.