While most of the financial world is paying attention to the U.S. stock market reaching another high, quietly, a major announcement came out of China that will put them on the global currency map like never before. China announced in September the creation of future Oil contracts, which will be open to international traders, and countries. What makes this historical move unique, is that payments will be made in their country’s currency, the Yuan, which is convertible to Gold. How does a country get their currency to compete with the U.S. Dollar? Simple, first set up their currency to be able to trade in the largest commodity in the world, Oil. Then, make those payments in the second largest traded commodity globally, Gold. This announcement is major because China has done just that! While this move provides the first official link between Oil and Gold, the stronger link is with the Chinese currency and Gold. [Read more…] about October Newsletter – Black Gold for Yellow Gold, The Trade That Changes The World
Gold History 101
This question has been argued by every generation for centuries. It is an ancient dilemma going back to times of Aristotle (384-322 BC). He took the easy way out concluding that both the Chicken and the Egg must have always existed. Aristotle like Plato, believed that everything on Earth first had its being in spirit. My personal belief is that the Chicken came first. I base this upon my belief in the scriptures. Genesis 1:22 says And God blessed them saying “Be fruitful and multiply, and fill the waters in the seas, and let the birds multiply on the earth”. Many believers in Christ along with non-believers conclude that the Chicken came first otherwise how could we have an egg? [Read more…] about September 2017 Newsletter – The Debt Ceiling, Which Came First the Chicken or the Egg?
The Fed, or Federal Reserve System, was established in 1913 as a central banking system for the United States with the intent purpose of 1) maximizing employment, 2) stabilizing prices, and 3) moderating long-term interest rates. Since then, the responsibilities of the Federal Reserve have expanded often causing confusion around the roles and responsibilities of the entity.
Back in England 1919 a principal group of bullion traders and refiners got together to determine a fair price for precious metals. Each member of the group representing their own interests and the interests of their clients (meaning each bullion trader owns precious metals in their name and represents investments of their clients) gathers in a room to buy or sell their precious metals. One by one the traders would state the amount of silver, for example, that they want to buy or sell. Once each representative made his intentions know, the chair reviewed the requests and determined if the amount to buy was larger than the amount to be sold or visa-versa. If more there was more demand to buy than to sell, the chair would propose a higher price of silver; if the demand to sell was larger than to buy, the chair would propose a lower price of silver.
Will you be prepared when the government comes to seize your gold? Landmark Capital is here to help you see what the next gold confiscation would look like. First, we will give you a little history on how gold has been seized in the past and then we’ll show you how to protect against gold seizure. Protect your investment and read on!
[Read more…] about What The Next Gold Confiscation Would Look Like