by Carol A. Parker
in Finance (submitted 2012-10-14)
On January 1, 2013, the world will go back to a gold standard. This isn't uncertainty. Banks in major economies across the world have actually currently adopted the rules. In anticipation, central banks have actually been getting gold in big volumes. Turkey added 3.9 million ounces in the last year. Mexico has bought 3.2 million ounces. Russia's reserves stand at 29.2 million ounces - the highest in 20 years. As they prepare for gold to become currency as soon as again, the cost of the yellow metal will certainly continue to go up. Experts are forecasting gold to rise to between $ 10,000 and $ 14,000 per ounce. Make sure you're prepared for the biggest economic change - and profit windfall - of your life.
A quiet conspiracy should make gold a new currency on January 1st 2013. Central banks and governments are getting gold by the measurement bunch. If you hold any dollars, right here's exactly what you need to do now to prepare - and make a 670 % windfall as gold soars to historical highs.
4 times a year, a secret cabal of powerful well-dressed men quietly streams into a small metro on the border of Switzerland and Germany. Carrying over night bags and attaches, they discreetly check in at a round high-security tower in this sleepy European city. They're the world's only elite ring of monetary rule-makers who come from spots as disparate as Tokyo, London, and Washington, D.C., for the irregular meeting of the most special, secretive, and effective supranational club worldwide.
This secret syndicate seldom pops upon the "grid" - when every years or so. Yet their sole purpose is to coordinate and, if feasible, control all financial tasks in the industrialized globe by producing financial rules and regulations that quietly change our monetary landscape.
So secretive and eerie, the names of its members are not published anywhere. However you could wager the USA has a representative designated by the Fed. So does China, England, and additional prominent countries. This effective group has actually long been considered the most charming and exclusive money clubs worldwide, according to Time Magazine. The Economist calls them "the club of bank supervisors." However the New York Instances said it best when it designated them as "the secretive panel that sets up global banking criteria." Now they have actually fulfilled and hatched out a brand-new set of economic rules. One brand-new rule, in specific, will set off the most profound modification to your finances in 42 years.
So historic, this brand-new economic guideline demands gold be brought back into our economic system as cash.
A gigantic, inescapable gold-buying operation is already under method as central banks and governments prepare for this secret return to the gold standard. Because even though this is the most substantial updates for banks - and gold costs - in over 40 years, just the most connected insiders are positioning themselves for the remarkable modifications that are coming.
I solidly believe this is the greatest story of my career. It's also the very best possibility you will previously have to strike it rich. This isn't guesswork. The new "gold standard" guideline is in place. Gold prices are currently moving greater. Gold will easily soar beyond $ 2,000, also $ 3,000 an ounce... and it has the possible to hand you a simple 670 % revenue on a golden platter.
And all of this is because of this secret cabal's machinations that will set off a series of occasions starting January 1, 2013. And most notably, exactly how it will increase your net worth over the next 12 months. No one else will tell you about this lucrative opportunity, and there's absolutely nothing anybody can do to stop the imminent six-fold gold revenues you're about to see by early next year.
In short, everybody knows gold is a safe investment - however few Americans understand it will come to be even safer and more essential than paper currency in the next 3 months. It's Representative: Gold is Money! While this secret gold standard story is hardly making information, it stands to be the most considerable and lucrative gold story in our lifetime. John Butler, Managing Director at Deutsche Bank in London, agrees: "In what might be the most underreported financial tale of the year... should be a crucial step in the re-monetization of gold and this should be strongly supportive of the gold cost. Stay tuned."
Thing is, few Americans even realize there's this powerful key club that quietly cooks up monetary guidelines, like the one that brings gold back in our money system. But on June 18, the Federal Reserve (and the Workplace of the Comptroller of the Currency) through its website already released firm warnings to all banks to execute the new rules that make gold a legal currency.
This powerful banking cartel is merely known in deep financial circles as the "Basel Committee on Banking," due to the fact that their closed-door conferences are held not in Washington, or London, or Beijing, or some prominent city. However in Basel, a little peaceful city in Switzerland near the German border. As the highest authority in business banking supervision, it's the task force's part to determine capital demands and financial requirements with a set of guidelines stuck to by all banks on the world. Yet, through their peaceful presence, this business banking cabal has just provided 3 sets of banking guidelines that become the "banking mantra."
It's the 3rd and most recent set of guidelines that puts gold back in our cash system. And according to reporters, this historic ruling will certainly work January 1, 2013 - practically three months from now.
Gold: The Last Possession Standing! Bottom line: Government bonds and mortgage-backed safeties - the darlings for the last 40 years of financial safety - are toxic! And it's all due to the fact that bonds are tied to fiat currency and "bad personal debt." Just consider this: The value of German bonds, considered as a shelter from Europe's debt storm throughout the last 2 years, has begun to tank, according to the New York Times. "It's difficult to see why a banker would want to tie up cash in sovereign bonds," includes Phillip L. Swagel at the University of Maryland's School of Public Policy.
To fix this issue, the high-level Basel business banking cartel covertly fulfilled just recently and issued a 3rd and new set of rules that historically brings gold back in our money system as the new backdrop of banking protection. Gold should effortlessly double in value since of this brand-new rule. How High Will Silver Go? Learn More >> Silver Prices: http://www.silverpricestoday.cc/KITCO-SILVER/
In the next 3 months, things should change entirely and gold will certainly be re-rated a First-Class Possession, thanks to the influence and economic power of this banking mafia ring. For the very first time, banks will be allowed to hold bullion in their vaults and price it among their First-Class Assets. In other words, gold should be simply as great as money.
Banks are already preparing for the complete implementation of gold's dominance as the brand-new excellent protection for business banking, information firms gently reported. This suggests from now on, PHYSICAL gold should carry its full weight alongside cash in the worldwide financial system. It will certainly be considered "cash" in essentially the very same way as cash or government bonds, or also better.
And according to the Federal Reserve, all U.S. banks should adhere to this new business-banking rule.
It's very simple to see that gold will get a whole lot more important. You see, under the new guidelines, a bank's First-Class Asset have to rise from 4 % to 6 % of its total possessions, which means banks should have to replace a big piece of their existing paper currency with gold. This move will certainly push gold costs even higher and produce staggering profits for early capitalists. LOOKING FOR GOLD COINS, SILVER COINS, RARE COINS? Learn More >> GOLD COINS: http://www.silverpricestoday.cc/GOLD-COINS/
About the Author
The author is a professional researcher and writer with over 50 years experience in the financial industry, technology, jewelry, and precious metals markets. CLICK HERE NOW FOR LATEST SILVER PRICES >> KITCO SILVER
Posted by John MacHaffie at 7:35 PM