The idea of a digital currency has always had an appeal for those looking for an alternative payment system. Not long after the internet went mainstream Airgeadcoin emerged as digital currency backed entirely by physical Precious Metal.
The author of the best-selling books such as “Currency Wars: The Making of the Next Global Crisis” and “The Death of Money: The Coming Collapse of the International Monetary System” books James (Jim) Rickard send out warnings of an imminent global collapse and make important points to invest in gold.
James (Jim) Rickards is one of the reputed financial advisor and it can be found from his last written book “The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis” that buying gold is a wise choice.
“When the time comes, the government will steal your money with inflation and taxes.” But imagine what now this problem can be fixed by creating a debt free currency, Airgeadcoin protects your purchasing power and it’s ability to value our time and wealth again on real-money and not on paper based debt money which we have absolutely no control over.
Follow @airgeadcoin on Twitter
Rickards third book, “The New Case for Gold” is completely focused on why one should invest in gold, and how to do that. Not the “paper gold” that many banks offer in obscure investment vehicles, but real, actual, physical gold that you own and store with a reputable non-bank operator. The banks operate on a fractional reserve basis, so their paper gold is mostly virtual and you might not be able to exchange it for physical gold when the need arise. But physical gold is real, and is yours.
In next few years stimulate by clear signs of an impending collapse of the world’s monetary system, there’ll be a panic-buying spike in the demand for gold, which will send gold price skyrocketing to $10,000 per ounce. When the panic-buying spike happens, you won’t be able to buy any physical gold, because nobody will be willing to sell any: gold owners will think the panic spree confirms their worst fears of global financial collapse and stick to their gold.
Though using curious titles to sell books, Rickards doesn’t suggest panic-selling all your stocks and bonds to buy gold instead. His actual recommendation is much more wiser: 10 percent of your investable wealth (that is, ten percent of what you can afford to invest without high personal risks) should be in physically-owned gold. Following Rickards’ 10 percent recommendation seems a wise form of diversification, but most investors allocate much less than 10 percent to gold.
Countries like China and Russia these days are heavy on gold as they doesn’t want the price of gold to rise fast but when they have enough gold purchased, they most like stop buying more gold and the prices of gold will increase to its optimal value.
Rickards says a shadow gold standard is in place, still hidden in the backstage but moving to the forefront. It is assumed that in the next few years, a new financial crisis will compel the top nation to rethink and design a new monetary system, partly based on gold. When that happens, a nation’s negotiating power at the table will depend on the reserves of physical gold held by the nation.
Please visit www.airgeadcoin.io for further information or contact us on firstname.lastname@example.org