Meet the 3 New Alternative Currencies
from Grams Gold As currencies around the world become more volatile and devalued, alternatives to paper (fiat) money are coming alive. Bitcoin has been the cryptocurrency of choice, but is inherently dangerous, as it’s digital platform can easily fluctuate or disappear entirely. As gold has never lost its purchasing power over thousands of years, sentiment is growing to create a gold-backed currency. The following are 3 companies who have responded to that need: Hayek Dollar The gold storage company known as Anthem Vault has decided to release a new cryptocurrency that is backed by precious metals. Each “coin” will be valued at 1 gram of gold, and will be called the “Hayek,” after Austrian Economist Friedrich Hayek. “It has the added advantage of making precious metals more versatile on the global marketplace, since physical delivery is not required. But that brings up a troubling issue. It’s nice not having to take a delivery for every transaction, but it would also be comforting to know that you could take a delivery for physical gold if you wanted to. After all, is a currency truly backed by gold if you can’t have the gold?” writes the Daily Sheeple. Karatbars Gold Cards and Paper Money Embedded with 1/10th Gram Gold Good question. How do you know the gold is actually there? You don’t. Another company, Karatbars International, based in Stuttgart, Germany, has solved the problem of having to take physical delivery of your gold. • For 4 years now, they have sold cards that contain an actual gram of gold that can be used as payment in stores called K-Exchange centers. The company has expanded into 123 countries this year. • Karatbars cards are not “backed by gold”, they are gold. Specifically made in currency-sized units, 1, 2.5 and 5 grams, to be used as wealth protection and for use in an economic collapse of fiat currency. • They have solved the alternative currency problem . • The “gold cards” are used as legal tender and are spendable in 123 countries. • They even have the “confiscation” problem solved, as the company does not report anyone’s gold purchases to any country, so that particular government does not know you own it. Considering the German owner created this company in light of the historical context of the hyperinflationary days of his grandparents in Weimar, Germany, you can see why he covered all the bases. There is even an app coming out in a few months that will enable you to transfer your gold from your account to a vendor account. Why would you want Bitcoin, when you can have a currency that is the premier currency of all time? Because of gold’s super-stable track record of preserving purchasing power, combined with the fact that all central banks use gold as their form of payment between countries, then you can see why Karatbars has created the ultimate form of alternative currency, essentially ‘Bitcoin on steroids’. BitGold Continuing to realize the instability of fiat currencies, another company has just jumped on the cryptocurrency bandwagon. On Tuesday, BitGold put out a press release outlining its plans to modernize gold by allowing users to quickly and easily trade in gold without an intermediary party. The platform works by taking a customer’s deposit and converting that sum into its corresponding weight in gold. The company has a patent-pending, gold exchange and vault management system that allows customers to access their gold and make transactions in real-time from anywhere in the world, selecting where in the world they want their gold physically stored. The bottom line is – if you can’t exchange your coins for a real world product, then your currency is no better than paper gold.