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Gold - Backed Bank

A Way Gold Can Be Used as Easily as Electric Money

Written by Brian Hicks
Posted February 12, 2010

Editor's Note: A little over a year ago, Greg McCoach wrote to subscribers of Gold World regarding an intriguing idea: A bank where you can keep all of your money in gold. It turned out to be one of the most popular articles we've ever published. And now, due to a flood of e-mail requests, Greg has updated his report for you today.

Enjoy,

Luke Burgess
Investment Director, Hard Money Millionaire


The banks are still on shaky ground. And the hard truth is that there is no place to keep your money that is 100% safe.

Physical cash and gold are the safest places to hold your wealth right now, and anyone who tells you otherwise has either a motive or no clue.

Those with the means to do so should be holding at least some physical cash and gold.

Of course, people will debate over why you should hold these assets.

Gold is the ultimate in hedging against financial turmoil.... But as it stands today, it's quite rare to find someone willing to trade a product or service for gold. In other words, it's difficult to spend gold like money — a popular and decades-old criticism of owning physical gold.

Today's digital age allows consumers to move electronic fiat money around at speeds exponentially faster than ever before. This morning I paid my cable bill with my check card. The entire transaction was completed within 5 minutes. Had I paid by mailing a check, it could have taken up 1-2 days to reach the cable company and 3-5 days to clear my account.

So what if there was a way gold could be used as easily as electronic money?

Now there is...

The World's Only "100% Backed-by-Gold Bank"

You might have a hard time believing this, but you can actually put yourself on a personal gold standard with a new kind of currency that's rapidly growing in popularity among gold bugs.

Understand first that this new currency is not legal tender issued by any government. That means there's no debt, inflation, geopolitical turmoil, or any other considerations normally associated with government-issued currency.

The currency comes in electronic form, but can be used like any other currency in the world today to pay for goods and services — and even settle debt. But there's one major difference that sets this currency apart from every other in the world: It's 100% backed by gold.

In fact in most cases, you can instantly exchange this currency for physical gold at any time, a feature the U.S. dollar lost decades ago.

This currency has a new system fully established, making it as easy to use as the current banking industry's electronic money. Right now, there are already over 3,000 outfits — and climbing — in which you can pay online using this currency.

How the "Gold Bank" Works

Customers transfer funds from traditional bank accounts into these unique gold-backed bank accounts; they earn interest on their funds prior to placing an order.

Meanwhile, for customers already holding gold and silver in secured (and insured) vaults, their metals are insured and held in specialized bullion vaults. Their metals assets go through an annual audit and are fully reported to customers.

Once customer funds are in the database, customer orders are made through a secure online system. Database servers record all transactions and store currency and metal balances.

Being backed by gold, the purchasing power of this currency fluctuates in relation to the price of gold.

This means that as the price of gold increases, the purchasing power of the account increases. Conversely, of course, the value of the account is also subject to fall in direct correlation to the price of gold.

Nonetheless, the risk of significant price fluctuation in gold is small compared to the risk of value fluctuations among fiat currencies — especially the dollar.

And despite a short-term correction, the price of gold has increased significantly over the past five years. So this factor has worked out to the advantage of anyone holding this currency over that period. And with +$2,000 gold on the horizon, holders of this currency should do quite well in the future.

Now you should know that I'm in no way affiliated with this service, nor do I receive any compensation from it.

That said, I recently put the final touches on my new research report. This report shares all the details about the new gold-backed electronic currency, and it's yours free when you try a risk-free trial of the Mining Speculator service.

It's your chance to get in on the biggest and best buying opportunity in junior gold and silver stocks — ever.

That's right. The junior gold market is about to blast off, after a brutal beat-down sparked by the financial crisis. It's pushed many gold and silver stocks to new lows, which is why you don't want to wait a minute longer to position yourself in the Mining Speculator's mining and precious metals portfolio.

Our team of analysts scours the globe for opportunities in gold as protection against the financial uncertainties engulfing the U.S. and world markets. And as our government continues to lose control of its ability to manage and prop up markets, gold and silver will undoubtedly make meteoric moves that will stun the populace.

It's the ultimate opportunity in a period of great crisis.

And since gold bullion is getting harder and harder to come by, more investors are looking for the next best alternative...

Precious Metals Mining Stocks

Bottom line: Junior mining stocks will begin to make major moves to the upside, rewarding those who got in early and hold on... and those who get in now can take advantage of what are, frankly, bargain share prices.

Nothing can keep gold from doubling up and hitting $2,000 an ounce, causing shares in our mining exploration companies to skyrocket... I'm talking about junior mining stocks with the potential to double, triple — even quadruple.

Of course, many people have trouble accepting gold as an investment — even now that they've witnessed a financial upheaval that's shaken our country by the shoulders.

But I also know that those who have heard me out (and followed through with my research and recommendations) have made extraordinary, life-altering returns.

There's never been a better — or more crucial —  time to protect your portfolio with gold and precious metals.

And for a brief time, we're making it easy to do just that... for as little as $79.

To gain immediate inside access to the junior mining companies poised for major run-ups — the companies that I've visited first-hand and carefully selected after exhaustive research and quality controls — all you have to do is test drive my Mining Speculator advisory.

When you sign up for Mining Speculator (which boasted an average 212% gain over 5 years), I'll immediately send you my free report: The World's Only 100% Backed-by-Gold Bank.

All you have to do is click here to get started.

By the way, many of my readers have already taken advantage of a new investment that allows investors to double their gold profits every time the price of gold goes up 1%. Follow this link if you'd like the full report. 

Good investing,

Greg McCoach
Investment Director
The Mining Speculator and Greg McCoach's Insider Alert

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