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​Disclosure: There's a good chance  posts contain affiliate links. Purchasing through my blog helps my business and others` to grow! So, thank you!
"These blogposts are a reflection of my personal journey to understanding how developing this financial education can improve the lives of my family and those whom I work with". 
​Raymond E. Lee

Crypto + Gold

21/1/2020

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Changing some of your paper cash for real money regularly doesn't cost you anything and positions you safely for the day things get really nasty or leaves a generational legacy for your family. Pay yourself first in gold, the rest will take care of itself. Put yourself into the quadrant the requires your money to work for you,not the other way around. Diversification is the name of the game. HOLD GOLD, DO NOT SELL THE GOOSE! 
Diversify your investments,one way we are doing this is with a company of good long standing reputation, Karatbars International who have completed successfully their financial ecosystem to include a utility token KBC which upon its use, perpetualy supports the system. Here is more on the crypto aspect of the company KaratBank Gold Standard Group.
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There are many cryptocurrencies claiming that they are backed by gold. Whilst this might be true, you need to distinguish whether backed by actual physical gold which is the ultimate way of owning gold and asset value protecting, or if it's backed by paper gold.

Most cryptocurrency coins that claims they are backed by gold is really only backed by gold ETF's (exchange traded funds) or SGB's (sovereign gold bonds). Alternatively there are also gold mutual funds (fund of funds) which further invest in gold ETFs.
All these paper gold backed cryptocurrencies are still dependant on the Fiat currency system remaining solvent and operational. If anything goes wrong as it's done in countries like Zimbabwe, Greece, Venezuela etc. then those paper contracts become worthless. In which case the paper gold backing also becomes worthless. Many warning lights are flashing around the world indicating high possibility of currency collapse.
FACTS:

  1. The Karatbars KBC coin is the only cryptocurrency coin that has real physical gold vaulted to support the value of the coin within their own Karatbars ecosystem.
  2. Karatbars has no control over the value of KBC traded on the cryptocurrency exchanges. That price is determined by the demand and supply principals of business.
  3. CashGold is the only currency in the world that has the physical gold imbedded in the notes.
Physical gold has been the currency of the world for thousands of years and to this day is still the only appreciating asset worth collecting. Use this information to your benefit.

Thanks to Neels Crypto via Karatbars World: 
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  • LYDIAN WORLD
    • How to Get Jet-Set
  • Gold Standard Partners
    • Meet Raymond E. Lee
    • GSPartners - Español
    • GSLifestyle Card Debit/Crypto >
      • Web Wallets
      • How to ~ DeFi
      • Recommended Reading >
        • Blog - SMART Gold Exchange
        • Pro Tools