File Tax Help

Gold Backed Savings-Why?

Since the beginning of time, commodities were used as the means for trade. Man has traded goods for goods, services for services and services for other goods; like a measure of wheat for two measures of barley or a bushel of corn for a cruse of oil.

The word "shekel" was used about 3,000 years ago and represented a certain mass of barley related to weights of copper, silver or bronze.

Gold emerged as an accepted standard of exchange about two thousand years BC although not minted and refined; it was used as a method of exchange.

Today, when currencies are backed by gold (good luck finding one that is), no deterioration in value is realized when governments overspend, over tax or arbitrarily manipulate their fiat currencies. Gold trades today globally and has universal acceptance in nearly every country on the planet.

Here is the big question for us today though; what happens to a savings account if it is not backed by gold? Simply put, it loses value!

The loss in value happens in three ways: inflation, taxation and fees.

INFLATION

Inflation happens when demand for goods and services out-runs supply. This is normal inflation and is easily corrected by competition and free markets (capitalism). Someone will always build a better mouse trap!

Dangerous inflation is when governments and central banks manipulate their currencies. Sound familiar?

When a government or central bank arbitrarily increases the money supply using money it does not have (like the Federal Reserve) money must be printed out of thin air to cover the debt.

The average person on the streets is greatly affected by this manipulation. He has no control over the money supply, banks or the government and his savings, held in the bank, is hammered by the manipulation. Hard-earned principal and earned interest in his account is eaten up by inflation and never recovers...inflation exceeds the interest!

TAXATION

In New Testament times taxation was called "tribute" (render to Caesar what is Caesar's...). The way average persons have been taxed through time has depended upon the benevolence of the ruling power, how veracious its appetite for money and if it has any consideration for the taxed. Ruling classes have often manipulated their subjects to the breaking point. Populations have resisted, rebelled and have sacrificed even their very lives to stand up to tyrannical rule and over taxation. Fortunately many succeeded.

We find ourselves in a similar position today both domestically and internationally. We read of failing economies and central bank manipulations nearly on a daily basis.

Average persons' savings accounts are taxed by governments every time interest is paid beating returns into negative territory as inflation eats away at principal.

FEES

Have you noticed that the bank charges you to put YOUR money in their bank? Savings and checking accounts are riddled with fees. Banks and credit unions are beginning to charge more and more for you to have the blessing of putting your money in their vault. Can someone tell me why?

Now, wouldn't it be great if you could just forget about inflation, taxation and fees and just save your money and not have to worry it will be worth less in the morning?

Well, there is a way and it comes in the form of a gold kinebar.

A kinebar is one plastic-encased gram of gold that is certified by the Swiss government as 999.9 pure or 24 carat (a troy ounce is about 31.1 grams). It is designed for the common man to own and store (about the size of a credit card).

With the price of gold at this publishing being about $1,400 US that would put the 1 gram kinebar within reach of the common man saver. Even on a monthly basis!

But why save gold?

Just remember, as your fiat currency savings account loses value under the weight of inflation, taxation and fees your gold kinebar is increasing in value. It is not manipulated by the central bank or the Federal Reserve and you can spend it in nearly any country of the world. The merchant can even make change for a gram of gold!

Global economies are collapsing at an alarming rate. Wouldn't it be better for you to own gold than worthless paper?

Learn more about gold, how to set up a FREE GOLD SAVINGS ACCOUNT and how to join the greatest business opportunity ever making money while you save. Stop by Perry Frandsen's site where you can find out all about kinebar gold, gold in small quantities and what it can do for you.

Related posts:

1. Advice From A Las Vegas CPA
2. What You Ought To Know About ATMs And Their Two Types Of Charges
3. How To Get Best Interest Rate
4. If You ResideIn Calgary You May Have Heard About Registered Retirement Savings Plan And It Is Now Your Turn To Learn About Them And Be Prepared For Your Retirement
5. Best Cash ISA – Helpful Info
6. Property Taxes
7. Swiss Bank Account Guide
8. Three Points To Keep In Mind – Tax Deed Sales
9. Calgary RRSP Will Help You Get Fiscal Liberty
10. Tax Help Relief – Tax Savings Tips For Parents