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Showing posts with label NEWS. Show all posts
Showing posts with label NEWS. Show all posts

The Gold Market Down, US Dolar Rose

The gold market continue down because the strength of US dolar. Sentiment on the dollar had been negative for many weeks on concerns over the U.S. economy and expectations for higher interest rates in Europe and the UK, pushing bearish positions on the currency to stretched levels.

But the outcome of three central bank meetings from the
• Federal Reserve;
• Bank of England and;
• European Central Bank
offered few surprises, giving dealers little incentive to further sell the dollar.

The gold market may raise after the investor had taken their profit from US Dolar. Maybe on 12 or 19 May 2007 will raise.

Source from : Reuters.UK , NS Futures
Friday, May 11, 2007

The Trend of Gold Remain.

Summary from The Canadian Press

The rise of Gold Dinar(9166) often attributed to the rise of gold(9999).And rise of gold affected to world political factors, such as Iran's defiant stance on uranium enrichment.

Dispite of that, deficits of U.S dolar also affected to all metal to climbed dramatically. Holder of U.S dollar worldwide including some central banks, are instead now chossing more often than before to accumulate gold or alternative such as the Euro.

If the U.S Federal Reserve continue to support U.S dollar with additional interest rate increases, U.S. stock and home pice would likely tumble, couse economic turmoil. If instead the Federal Reserve were supportive of stock and home prices (by holding down interest rates), the U.S. dollar would depreciate further.

Obviously, when the deficit problem turns into a crisis, the Federal Reserve will print money and keep interest rates on the low side in order to keep the economic wheels turning, even if it means higher inflation.

Recent developments are indicating that history is repeating itself. U.S. assets, particularly financial assets, are losing ground against all others.

The process will remain continue for many years to come and the price of gold will be among beneficiaries.
Tuesday, March 20, 2007

Gold Dinar to Hit RM 360

On 26 January 2007, the price of gold dinar had target to reach RM 350. But on 23 February 2007, it reach RM 352. According to the news, fnarena.com the price of gold will hit at USD 700 per oz. That mean, the price of gold dinar will reach at RM 360.
For some reason, the world begun far comfortable with situation in Iran, which helped to send the old price lower, despite little change in the stand-off. Focus has now returned as Iran refuses to give in to UN demands to cease its nucklear program. The is now real fear the US may decide enough is enough, and look to a military solution.

In such time of turmoil, gold become a tradisional safe haven.

Posted by syarifuden at 6:56 PM
Tuesday, February 27, 2007

Content take from http://gold-dinar.blogspot.com/

Bullish about bullion

News from The Star (Malaysian Newspaper),
By EDWARD RAJENDRA

newsdesk@thestar.com.my
KLANG: Soaring gold prices have led to a new trend among buyers, who are now buying more bullion in the form of coins.

Malaysian Indian Goldsmith and Jewellers Association adviser N.P. Raman said, “Many regular buyers are now beginning to look at gold purely as a financial asset, adding to their investment portfolio.

“Many women now choose to buy gold coins or even
bars as investment, instead of jewellery as jewellery adds 25% to 30 % to the
cost, to cover craftsmanship,” he said.


Highly priced: More buyers
are now converting their cash into gold, and buying ingots and coins.

Raman said the current investment-led buying has led jewellery shops in the Indian business enclave of Jalan Tengku Kelana here to display more gold coins. “Before the prices started to climb, we had two different types of buyers – the ones who bought gold to convert it into jewellery for special occasions, and young executives who buy gold for capital appreciation,” he said.


Raman said parents are now saving in gold coins as an alternative to traditional insurance policies that tied them for a stipulated period. Some people were even buying gold coins on an instalment basis, by “depositing” cash with goldsmiths every month. “People are not waiting to see if the market is going up or down but are buying bullion as it is considered a hedge against inflation. Market watchers. Anticipate that the price of gold may surge to US$800 (RM2,794) an ounce soon, due to Middle-East tensions,” he added.

The price of gold yesterday closed at RM78 per gram.

Tuesday, February 27, 2007

Content take from http://gold-dinar.blogspot.com/

Najib Confident Malaysia's IGDX Can Go For LSE And NYSE Listings

Najib Confident Malaysia's IGDX Can Go For LSE And NYSE Listings

KUALA LUMPUR, Feb 14 (Bernama) -- Deputy Prime Minister Datuk Seri Najib Tun Razak has expressed confidence that Malaysian-owned IGDX Holdings Ltd will be able to go for listings on the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE) in three years.

The company, which is involved in gold trading and refining, was listed on the Australian Stock Exchange (ASX) metals and mining sector on Feb 9 this year.

"I believe the IGDX group of companies will serve as an epitome to other local listed companies to stand on international grounds," he said at a dinner here tonight to celebrate the successful listing.

Thus, he added, the government will firmly support the role played by the IGDX group, especially in new areas of growth under the Ninth Malaysia Plan.

Najib said the private sector is encouraged to participate aggressively in fields that are crucial to the country's long-term future.

"Therefore, let us redefine public-private partnership to provide a more balanced and appropriate sharing," he said.

Meanwhile at a press conference later, IGDX chief executive officer Datuk Dr Shamshudeen Yunus said that if opportunities arise, the company would go for the listings.

This will depend on the company's acquisition strategy, he said, adding that the company is aiming to acquire two mines in Malaysia and a couple in Australia.

IGDX, which trades in physical gold rather than futures, has a significant share in the gold market internationally as well as offices in Malaysia, Hong Kong and Indonesia. Its trading platform allows traders and investors from all over the world to trade and hedge their physical gold.

-- BERNAMA
Wednesday, February 28, 2007

Content take from http://gold-dinar.blogspot.com/

IGDX Holdings planning to go into gold mining

IGDX Holdings planning to go into gold mining

Source from The Star, 15 February 2007

By Sabry Tahir

KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made a satisfactory debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia, earliest by this year.

Chief executive Datuk Dr Shamshudeen Yunus said the company planned to inject at least A$20mil for the purpose of acquisitions and running of mines, including buying special ore separation machinery.

The company plans to buy two mines in Malaysia and "a couple" in Australia, he said.

"We need to raise the fund to do all this. We may have to go for more new listings," he said.

IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said after the official celebration on Wednesday for IGDX's listing on the ASX.

The company, which is involved in gold trading and refining became the first Malaysian company to be listed on the ASX' metals and mining sector and remained 100%-owned by Malaysian investors with Shamshudeen as the largest shareholder.

Shamshudeen claimed IGDX - a listing vehicle formed by parent company, gold dinar and ornament trader E-Qirad group - is the world's first company to be listed based on gold-for-gold trading on a stock exchange.

The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Feb 14, Shamshudeen said.

He said IGDX chalked RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30 2006.

"We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and sell them at prevailing prices," Shamshudeen said adding that 8% of the revenue was allocated for the company's shariah-based profit sharing with the gold dinar owners.

With a buying capacity of 200kg to 250kg of gold a week, the company mainly sourced its gold supply from Indonesia.

He said IGDX had projected an annual profit growth of 10% to 12%.

IGDX to go into gold mining

IGDX to go into gold mining
Datuk Seri Najib Tun Razak touching a crystal ball to mark the official celebration.With him are (from left): Malacca Chief Minister Datuk Seri Mohd Ali Mohd Rustam, IGDX chairman Dr Mohd Yunus Mahmood and Datuk Dr Shamshudeen

Source from The Star, 16 February 2007
By SABRY TAHIR

KUALA LUMPUR: Malaysian-owned gold trading company IGDX Holdings Ltd, which made its debut on the Australian Stock Exchange (ASX) on Feb 9, plans to go downstream into gold mining in Australia and Malaysia.

Chief executive Datuk Dr Shamshudeen Yunus said the company, which may go into it as early as this year, would inject at least A$20mil for the acquisition and operation of mines, including buying special ore separation machinery.

The company planned to buy two mines in Malaysia and “a couple” in Australia, he said.

“We need to raise the funds to do all these. We may have to go for more listings, “he said.

IGDX plans to be listed on the London Stock Exchange and the New York Stock Exchange in three years, Shamshudeen said on Wednesday evening after the official celebration for IGDX’s successful listing on the ASX.

On Feb 9, the company, which is involved in gold trading and refining, became the first Malaysian company to be listed on the ASX metals and mining sector. Shamshudeen is the largest shareholder.

Shamshudeen said IGDX – a listing vehicle formed by gold dinar and ornament trader E-Qirad group – was the world’s first listed company doing physical gold trading.

The company raised A$2mil from the initial public offering of four million A$0.50 shares. The counter closed at A$0.66 on Wednesday, Shamshudeen said.

He said IGDX chalked up RM9mil in pre-tax profit on the back of RM3.2bil in revenue for the year ended June 30, 2006.

“We make our profit from buying scrap gold, turning it into fine-quality gold dinar and ornaments and selling them at prevailing prices,” Shamshudeen said, adding that 8% of the revenue was allocated for the company’s syariah-based profit-sharing programme with the gold dinar owners.

He said IGDX had projected an annual profit growth of 10% to 12%.

Deputy Prime Minister Datuk Seri Najib Tun Razak, who was present at the event, said the Government would firmly support the role played by E-Qirad, especially in new areas of growth under the Ninth Malaysia Plan.

Information about Gold Dinar

Information about Gold Dinar

The Islamic Gold Dinar(IGD) sometimes referred as International Gold Dinar or Gold dinar is a bullion gold coin made from 4.25 grams of 22k gold with historical Islamic significance. Gold dinar may also refer to various historic gold coins denominated in dinars.

The Islamic gold dinar conversion rate to other currencies is based on gold spot price. International gold spot price is published in troy ounce of 24k gold, while gold dinar is 22k gold measured in grams.

The current gold dinar was minted by Islamic Mint Sdn. Bhd. and can buy at each wakala in Malaysia.Below are the list of wakala in Malaysia.
a

http://www.igdexchange.com/map.html
Thursday, January 4, 2007

History of Gold Dinar

History of Gold Dinar

In the beginning the Muslims used gold and silver by weight and the dinar and dirhams that they used were made by the Persians.

The first dated coins that can be assigned to the Muslims are copies of silver dirhams of the Sasanian Yezdigird III, struck during the Khalifate of Uthman, radiallahu anhu. These coins differ from the original ones in that an Arabic inscription is found in the obverse margins, normally reading "in the Name of Allah". Since then the writing in Arabic of the Name of Allah and parts of Qur'an on the coins became a custom in all mintings made by Muslims. Under what was known as the coin standard of the Khalif Umar Ibn al-Khattab, the weight of 10 dirhams was equivalent to 7 dinars (mithqals). In the year 75 (695 CE) the Khalif Abdalmalik ordered Al- Haddjadj to mint the first dirhams, thus he established officially the standard of Umar Ibn al-Khattab. In the next year he ordered the dirhams to be minted in all the regions of the Dar-al-Islam. He ordered that the coins be stamped with the sentence: "Allah is Unique, Allah is Eternal". He ordered the removal of human figures and animals from the coins and that they be replaced with letters. Gold and silver coins remained official currency until the fall of the Khalifate. Since then, dozens of different paper currencies were made in each of the new post-colonial national states created from the dismemberment of Dar al-Islam. This command was then carried on throughout all the history of Islam. The dinar and the dirham were both round, and the writing was stamped in concentric circles. Typically on one side it was written the "tahlil" and the "tahmid", that is, "la ilaha illah Allah" and "alhamdulillah"; and on the other side was written the name of the Amir and the date. Later on it became common to introduce the blessings on the Prophet, salallahu alayhi wa salem, and sometimes, ayats of the Qur'an.

And amongst the People of the Book there are those who, if you were to entrust them with a treasure (qintar), he would return it to you. And amongst them is he who, if you were to entrust him with a dinar would not return it to you, unless you kept standing over him.Qur’an (3,75)

Qadi Abu Bakr Ibn al-Arabi, the greatest authority on Qur’an Law wrote in his famous “Ahkam al-Qur’an” about this ayat:

“The benefit that can be taken from this is the prohibition of entrusting the People of the Book with goods”.

Qadi Abu Bakr said: “ The question concerning entrusting property is legislated by the text of Qur’an.” This means that the ayat is a legal judgment of absolute validity and of the greatest importance to the deen.

Entrusting wealth to non-Muslims is not allowed, but furthermore, taking a non-Muslim as a partner outside Dar al-Islam (where we stand over them) is extremely restricted, because they might cheat or might use our wealth in forbidden transactions.

Since paper-money is a promise of pyment, can it be permitted to trust the issuers while they hold the payment (our property) outside our jurusdiction ?History has also demostrated repeatedly the paper money has been a permanent instrument of default and cheating the Muslims. In addtiion Islamic Law does not permit the use of a promise of payment as a medium of exchange.
Tuesday, January 9, 2007

Gold Dinar may reach RM 350

Gold Dinar may reach RM 350

According to Business Standard, the gold may touch $670 in the first half of the current calendar year. So the price of Gold Dinar may reach RM 350. A slowdown in US economy, it will lift back the price of gold.

Source : Business Standard

Friday, January 26, 2007


Content take from http://gold-dinar.blogspot.com/

Dinar Emas: Kenapa Dinar Emas?

Dinar Emas

Kenapa Dinar Emas?

Dinar Emas mempunyai nilai intrinsik kerana ia bukanlah sekadar mata wang yang nilainya disandarkan kepada simpanan emas, tetapi mata wang sendiri yang diperbuat daripada emas. Ini menjadikan Dinar Emas itu sebagai medium untuk menyimpan kekayaan yang hakiki. Dinar Emas juga sah diperlakukan di mana-mana negara di dunia ini kerana nilainya bukan ditentukan oleh negara pengeluar tetapi nilainya terletak pada nilai semasa emas itu sendiri. Dinar Emas juga merupakan mata wang yang paling stabil di dunia. Pergerakan harga emas di pasaran dunia adalah lebih stabil jika dibandingkan dengan pergerakan harga saham dan mata wang lain di pasaran terbuka. Kestabilan nilai emas jugalah yang membuatkan Dinar Emas tidak mudah untuk dimanipulasi oleh pedagang-pedagang atau spekulator-spekulator mata wang dunia.
posted by DinarMas at 5:34 PM
Sunday, January 22, 2006

Content take from http://golddinar.blogspot.com/

Rising value of gold makes it a good investment

Rising value of gold makes it a good investment

Keratan akhbar mengenai emas sebagai salah satu instrument pelaburan masa kini.

Rising value of gold makes it a good investment
By EDWARD RAJENDRA
11 January 2006
edward@thestar.com.my

KLANG: Step aside, athletes. Businessmen are going for gold these days. Federal and Selangor Indian Goldsmith Association adviser N.P. Raman believe that businessmen and cash-rich people were purchasing gold for investment. “It is business logic to include gold in a diversified investment portfolio. Gold can act as a hedge against inflation. Keeping your assets in gold is sound economic sense,” he said. Yesterday, the gold price stood at RM2,090 an ounce, compared with RM1,617 on June 5 last year.....
posted by DinarMas at 6:17 PM
Sunday, January 22, 2006

Content take from http://golddinar.blogspot.com/

DINAR & DIRHAM



C © updated 10032005




► ti



DINAR & DIRHAM



Dinar & Dirham International Sdn. Bhd
The Malaysian Gold Dinar Initiative



Dinar & Dirham International Sdn. Bhd. is the leading Malaysian organisation specialising in the Gold Dinar Economy. In addition to the design, production and distribution of bullion products, Dinar & Dirham International’s expertise covers:


• Education and training on the Gold- based Economy
• International Trade Settlement Mechanisms using Gold
• Models for domestic ‘closed circuit’ applications of Gold
• In-depth analysis of the world Gold Markets
• Global Political and Financial implications of the use of Gold as a world currency
• Islamic Gold Reserve initiatives
• New models for domestic and international Trade Investment


Background
The Asian financial crisis in 1997-98 delivered a 5-fold message:
1. Paper currencies have no real value - they are numbers printed on paper;
2. The global financial system is unstable and unjust;
3. Developing nations have little or no defence against currency speculation,
4. That, to defend ourselves, we must create our own trading currency of real value,
5. Gold is a safe and stable store of wealth and a globally accepted trade currency.


Dato Seri Dr. Mahathir Bin Mohamad’s courageous and successful defence of the Malaysian economy against the attacks of the currency speculators and the influence of the IMF, gave him a deep understanding of the importance of developing a common gold-based trading currency for the Muslim nations.


For the Muslim World, the Malaysian Initiative to use Gold for International Trade Settlements is a pivotal event that will offer strength and unity to the Muslim Ummah.


The 10th OIC Summit
Malaysia has been host the 10th OIC Summit in Putrajaya in October 2003. The proposal to use Gold as a trade settlement instrumen was proposed to the attending 57 Heads of State. Bilateral Agreements commenced, developed into Multilateral Agreements which in turn will naturally evolve into a Gold Trade Bloc.


This is a platform on which all the Muslim Nations can agree and as Dato Seri Dr. Mahathir has stated, “…this will do more towards countering oppressions by their enemies than the futile violent retaliations.” The use of the Gold Dinar can serve as a genuine means of unity among the OIC states, encouraging inter-OIC trade, and giving them a common trade hard currency.


The Global Effect
The Gold Dinar will mark the return of gold as a financial instrument and a true global currency. It offers the first real alternative to the other anchor currencies.
The move away from fiat paper currencies towards gold will:
• Strengthen and unify the Muslim nations
• Begin the creation a Gold Dinar Trade Bloc
• Encourage and promote inter-OIC trade
• Remove the dependence on the US dollar
• Open the way for other gold-related trade instruments and practices
• Create a just and stable global trade settlement system, that can benefit all developing nations.

As Tan Sri Nor Mohamad Yacob stated, “Given this opportunity to strengthen our relationships, using the Gold Dinar, I believe it is incumbent on us as a fardhu kifayah to collectively implement this next component of the International Islamic Financial System.”


For further information, contact Dinar & Dirham International at khanmir@fastmail.fm


*** TokohIndonesia DotCom (Ensiklopedi Tokoh Indonesia)

Content take from http://www.tokohindonesia.com/aneka/tokohdunia/mirkhan/dinar-dirham/index.shtml

Embrio Bank Emas Islam

C © updated 15032005



► e-ti/ht
Nama:
Dato’ Paduka Sri Mir Khan
Lahir:
Malaysia 20 Juni 1955
Agama:
Islam


BERITA


Dato’ Paduka Sri Mir Khan
Embrio Bank Emas Islam


Dinar & Dirham International Sdn. Bhd sebuah lembaga perusahaan yang secara khusus bergerak di bidang keuangan dan ekonomi Dinar Mas. Menurut Dato’ Paduka Sri Mir Khan, CEO Dinar & Dirham International Sdn. Bhd, lembaga ini merupakan permulaan (embrio) Bank Emas Islam.

Selain mendesain, memproduksi dan mendistribusikan produk emas dan perak dalam jumlah besar, Dinar & Dirham International, juga memberikan edukasi dan pelatihan tentang ekonomi berbasis emas, menjalin dan mengatur mekanisme Kerjasama Perdagangan Internasional menggunakan emas.

Selain itu, Dinar & Dirham juga merupakan pemrakarsa cadangan emas Islam, berperan sebagai model baru bagi investasi perdagangan domestik dan internasional, juga memberikan analisis mendalam tentang pasar emas dunia, menganalisis implikasi politik dan finansial secara global atas penggunaan emas sebagai mata uang dunia.

Kehadiran Dinar & Dirham International Sdn. Bhd dilatarbelakangi krisis keuangan di Asia pada 1997-1998 memberikan 5 pesan: pertama, uang kertas tidak mempunyai nilai riil sebab hanya merupakan angka-angka yang dicetak di atas kertas; (2) Sistem keuangan global tidak stabil dan tidak adil; (3) Negara-negara berkembang mempunyai ketahanan yang kecil terhadap spekulasi mata uang; (4) Oleh karena itu, untuk mempertahankan diri, harus dibuat mata uang perdagangan milik sendiri yang mempunyai nilai riil; dan (5) Emas adalah penyimpanan kekayaan yang aman dan stabil dan secara global diterima sebagai mata uang perdagangan.

Keberanian Dato Sri Dr. Mahathir Bin Mohamad dan keberhasilan ketahanan ekonomi Malaysia terhadap serangan spekulator mata uang dan pengaruh IMF, memberikannya suatu pemahaman yang mendalam tetang pentingnya membangun mata uang perdagangan berbasis emas bagi negara-negara Islam.

“Bagi dunia Islam, prakarsa Malaysia untuk menggunakan emas sebagai kerjasama perdagangan internasional adalah titik awal yang akan memperkuat dan mempersatukan umat muslim,” ujar Dato’ Paduka Sri Mir Khan, CEO Dinar & Dirham International Sdn. Bhd.

Ketika itu, Oktober 2003, Malaysia menjadi tuan rumah KTT OKI ke-10 di Putrajaya. Proposal untuk menggunakan emas sebagai instrumen kerjasama perdagangan diajukan kepada 57 pemimpin dunia. Kerjasama bilateral dikembangkan menjadi kerjasama multilateral di mana nantinya akan berkembang menjadi Blok Perdagangan Emas.

Ini merupakan platform di mana semua negara muslim bisa sepakat dan sebagaimana yang disampaikan oleh Dato Sri Dr. Mahathir, “… ini akan memberikan lebih banyak kemampuan dalam menghadapi tekanan yang diberikan oleh lawan-lawan kita dibandingkan pembalasan dengan kekerasan.” Penggunaan Dinar Emas dapat berfungsi sebagai alat pemersatu di antara negara-negara anggota OKI, mendorong perdagangan antaranggota, dan memberikan mereka mata uang perdagangan yang tangguh.

Dinar Mas akan menjadi tanda kembalinya emas sebagai instrumen keuangan dan mata uang global yang sesungguhnya. Ia memberikan alternatif pertama bagi mata uang utama lainnya di dunia. Dijelaskan oleh Dato’ Sri Mir Khan, perpindahan dari mata uang kertas menjadi emas akan memperkuat dan mempersatukan negara-negara Islam. Juga akan memulai dibentuknya Blok Perdagangan Dinar Mas, mendorong dan mempromosikan perdagangan di antara negara-negara anggota OKI, menggeser ketergantungan terhadap dolar Amerika, membuka jalan bagi instrumen dan praktik perdagangan berbasis emas lainnya, dan menciptakan sistem kerjasama perdagangan global yang adil dan stabil, yang akan menguntungkan negara-negara berkembang.

Sebagaimana yang dinyatakan oleh Tan Sri Nor Mohamad Yacob, “Dengan menggunakan Dinar Mas untuk memperkuat hubungan kita, saya percaya ini merupakan suatu kewajiban bagi kita sebagai umat muslim untuk secara kolektif menerapkan komponen masa depan dari sistem keuangan Islam internasional ini.”

Untuk informasi lebih lanjut, hubungi Dinar & Dirham International di khanmir@fastmail.fm


*** TokohIndonesia DotCom (Ensiklopedi Tokoh Indonesia)
Conten take from http://www.tokohindonesia.com/aneka/tokohdunia/mirkhan/berita/index.shtml

CEO Dinar & Dirham International


C © updated 26022005



► e-ti/ht
Nama:
Dato’ Paduka Sri Mir Khan
Lahir:
Malaysia 20 Juni 1955
Agama:
Islam


Pendidikan:
Doktor ekonomi lulusan Cornell University, AS

Pekerjaan:
CEO Dinar & Dirham International Sdn. Bhd, Malaysia

E-mail:
Khanmir@fastmail.fm

Sumber:
Wawancara, Kamis 10 Februari 2005


BIOGRAFI

Dato’ Paduka Sri Mir Khan
CEO Dinar & Dirham International


Chief Executive Officer Dinar & Dirham International Sdn. Bhd Malaysia, ini menyatakan komitmen untuk menggerakan kebangkitan umat Islam melalui sistem ekonomi Dinar emas Islam. Perusahaan Dinar & Dirham, diresmikan Perdana Menteri Malaysia Dr Mahathir Mohamed pada Oktober 2003 bersamaan Konferensi Pemimpin Islam dari 57 negara di Putrajaya Malaysia.

Dinar & Dirham International Sdn. Bhd, sebuah organisasi (perusahaan) lembaga keuangan dan ekonomi yang memberlakukan mata uang emas di dunia terutama di negara-negara yang mayoritas penduduknya beragam Islam.

Dinar emas ini diproyeksikan akan menguntungkan negara dunia ketiga, termasuk negara-negara Islam di seluruh dunia. Bisa digunakan sebagai komoditas dan sistem nilai tukar mata uang dalam menghadapi krisis ekonomi dunia dan mengadapi harga komoditas yang tidak stabil. Kelak, Dinar emas diharapkan menjadi simbol persatuan di antara negara-negara dunia ketiga, terutama negara-negara Islam.

Adalah Dato’Paduka Sri Mir Khan, pria kelahiran Malaysia yang lama bermukim di Amerika Serikat, sebagai penggagas pendirian Dinar & Dirham Malaysia ini. Dia juga yang menjadi Chief Executive Officer (CEO) Dinar & Dirham Malaysia yang berkantor pusat di Kuala Lumpur, Malaysia.

CEO yang rendah hati ini menyebut dirinya sebagai pembantu pembangun sistem ekonomi Islam. Pria ini merupakan seorang ahli ekonomi dari Cornell University, Amerika Seirkat. Dia telah lama berkecimpung di berbagai kegiatan bisnis di Malaysia, Europa dan berbagai belahan dunia Internasional lainnya.

Dalam rangka memperkuat komitmennya menggerakan kebangkitan umat Islam melalui sistem ekonomi Dinar emas, dia pun kini menjajaki kerjasama bisnis membuka sebuah perusahan pertambangan emas di Indonesia. Memang belakangan, pria yang akrab dipanggil dengan Dato’ Mir, ini lebih banyak menggeluti usaha pertambangan emas. Usaha ini digelutinya agar misi dari Dinar & Dirham yang berkonsetrasi pada mata uang emas dapat terlaksana. Karena komposis dari mata uang ini hanya berpaku pada komiditi emas itu sendiri.

Nah, dengan menggeluti bisnis ini, maka Dato’ Mir harus mengembangkan pertambangnya bahkan hingga ke Indonesia. Maka dengan itu, ia mencoba membangun pertambangan baru, karena tanpa komoditi emas ini mata uang emas tidak dapat diimplementasikan dan rencana dinar & dirham tidak dapat terlaksana.

Bermula Oktober 2003
Pada acara KTT (Konferensi Tingkat Tinggi) Para Pemimpin Islam dari 57 negara, di bulan Oktober 2003, Perdana Menteri Malaysia Tun Dr. Mahathir Mohamed meresmikan perusahan Dinar & Dirham Malaysia. Perusahan ini didirikan untuk membangunkan sistem keuangan Islam di seluruh dunia.

Dinar & Dirham ini didirikan oleh Dato’ Paduka Sri Mir Khan sebagai Chief Executive Officer. Pada acara peluncuran Dinar & Dirham Malaysia ini dihadiri oleh banyak para pemimpin lima puluh tujuh Negara Islam yang turut hadir dan menyaksikan serta mendukung misi daripada organisasi yang membangunkan sistem ekonomi Islam abad ini. Tak hanya para pemimpin negara saja yang hadir bahkan 2.000 undangan dari Jakarta di bawah koordinasi OIC Network dan para undangan terhormat Aa Gym juga turut menghadiri acara pidato Dato’ dan Aa Gym di acara tersebut.

Menurut Dato’ pada waktu itu Aa Gym diundang Presiden Indonesia Ibu Megawati untuk bertemu Presiden Amerika George Bush di Bali dengan dua angota lagi wakil dari organisasi Islam Nahdatul Ulama (NU) dan satu wakil dari Muhammadiyah, tetapi Aa Gym lebih memilih untuk menghadiri acara pidato ekonomi dinar emas dan agama di Putrajaya Malaysia. Aa Gym juga turut hadir dalam acara peluncuran Dinar & Dirham itu.

Setelah acara OKI dan peluncuran Dinar & Dirham dalam kurun waktu dua minggu segera masuk bulan puasa lalu diikuti lebaran, hari natal, tahun baru dan Pemilu di Malaysia. Maka dengan banyak kegiatan ini perjuangan Dinar & Dirham agak terhambat sehingga misi harus dimulai kembali pada tahun ini dan terus hingga tercapainya tujuan yang semestinya sebagai umat Islam.

Di sela wawancara denga Wartawan Tokoh Indonesia, Dato’ Mir juga menjelaskan, ”Maka begitulah perjuangan barang-barang seperti inikan susah dan sulit.” Namun, ia segera menyadarkan sekaligus membangkitkan optimisme teman-teman bahwa Euro saja sebagai mata uang tunggal Uni Eropa dibangun selama 30 tahun. Dato’ Sri Paduka Mir mengatakan hanya dengan jangka waktu tiga tahun saja untuk membangun sistem mata uang emas alternatif, satu langkah sudah tiba pada taraf satu pasal satu, di mana pemimpin Islam sudah mengerti mengenai sistem mata uang dinar (emas).

Pembangunan Mesjid dan Sport Center
Sebagai bagian dari komitmennya terhadap kebangkitan ummat Islam, dia pun menyatakan menyatakan kesediaan untuk membantu pembiayaan menyelesaikan pembangunan mesjid Rahmatan Lil Alamin serta membangun sebuah gedung olah raga lengkap berserta isinya bagi Pesantren Ma’had Al-Zaytun di Indramayu, Jawa Barat.

Sang dermawan dari Malaysia ini menyatakan hal ini di hadapan puluhan ribuan undangan yang hadir dalam acara perayan tahun baru Hijriah 1 Muharam 1426 (10 Februari 2005) di Mesjid Rahmatan Lil Alamin Ma’had Al Zaytun. Dan ketika mengatakan janjinya itu, para undangan, santri dan santriawan yang hadir seakan terkesima seolah tidak percaya. Maka dengan komitmen Dato’ Paduka ini, Syaykh Al-Ma’had Abdussalam Panji Gumilang bersama Dato’ Paduka Sri Mir akan mengkaji bersama site plan dan rincian pembiyaan mesjid untuk dapat diselesaikan dalam waktu dekat.

Sebab mesjid berbiaya Rp 100 milyar ini walaupun sudah dapat digunakan sehari-hari, penyelesaiannya masih sangat jauh dari sempurna. Penyelesaian interior dan ekstrior mesjid ini masih harus dibangun agar tampak lebih sempurna dan cantik untuk digunakan bagi para ummah.

Sumbangan ini tidak kalah besarnya dengan sumbangan yang telah diberikan oleh H. Probosutedjo, tanah seluas 5.000 hektar di Hambalang, Bogor. Sumbangan ini diberikan oleh H.Probosutedjo, pengusaha yang akrab dipanggil Pak Probo, pada perayaan 1 Muharram 1425H, untuk keperluan pengembangan pendidikan Ma’had Al-Zaytun.

Mengenal Ma’had Al-Zaytun
Dato’ Paduka Sri Mir pertama kali mendengar cerita mengenai Ma’had Al-Zaytun hanya dalam waktu empat hingga lima hari sebelum kedatangannya ke tempat itu. Itupun ia mengetahuinya dari beberapa kawan seperti Renaldi, salah satu pengurus Daun Production yang sering meyumbang dan mengorganisir artis untuk dapat tampil dan memberikan kontribusi talentanya pada setiap acara yang berlokasi di Ma’had Al-Zaytun. Perkenalan Dato’ Sri Mir dengan para pengurus Daun terjadi ketika mereka tengah berusaha mengumpulkan dana sponsor untuk kegiatan keseniannya di Ma’had Al-Zaytun.

Dato’ Paduka Sri Mir menyatakan kesanggupan menghadiri perayaan 1 Muharam 1426H di Ma’had Al-Zaytun walau pada saat itu masih memiliki informasi yang terbatas. Setelah mendengar informasi mengenai pesantren ini, Dato’ menyempatkan diri untuk kembali ke Malaysia, izin satu hari. Kemudian keesokannya harinya sudah tiba kembali di Jakarta, dan dari Bandara Soekarno Hatta, Dato’ dengan pengawalan lengkap serta iringan vorijders segera bergerak menuju ke Ma’had Al-Zaytun, dan tiba pada malam hari tepatnya 9 Februari 2005.

Motifasi kedatangan Dato’ Paduka Sri Mir ke Ma’had semata-mata hanya tertarik dengan keberadaan pondok pesantren, sebuah kampus peradabaan berskala dunia. Sistem pendidikan Islam dengan standard ini sangat bersinergi dengan pembangunan sistem keuangan dan ekonomi Islam yang tengah dijalankan oleh Dato’. Dan ia kini sedang bergerak memperkuat sistem Islam dalam bidang ekonomi internasional dalam bentuk sistem keuangan emas.

Salah satu cara memprakasai sistem mata uang emas ini, Dato’ berusaha untuk mencari peluang dan membuat rencana-rencana untuk memperjuangkan apa saja yang dapat dibina di masa yang mendatang. Seperti mempererat hubungan atau bekerjasama dengan lembaga-lembaga tertentu khususnya lembaga-lembaga resmi keungan dan agama yang berdomisili di Indonesia.

Tetapi selagi hal itu diproses, Dato’ Mir mengatakan kesungguhan dan kesanggupannya untuk menyelesaikan pembangunan Mesjid Rahmatan Lil Alamin. Menurut pengakuannya kepada wartawan Tokoh Indonesia, Dato’ Sri Mir termotifasi atas kekagumannya terhadap visi dan misi Al-Zaytun. Dato’ merasa tidak pernah menjumpai sebuah pondok pesantren di mana pun semaju dan modern Ma’had Al-Zaytun.

Menurut Dato’ Mir, negara-negara Islam di Jazirah Arab boleh memiliki sumber finansial yang cukup berlimpah. Namun tak sekali pun ia pernah menemukan pusat pendidikan dan pengembangan budaya perdamaian dan toleransi sekelas Ma’had Al-Zaytun. Walapun tampak sederhana tetapi Ma’had baginya tampak sudah hampir lengkap serta bertaraf internasional. Dan menurut Dato’: “Itulah yang memotifasikan saya untuk mencoba kemudian mengenali lebih mendalam mengenai Ma’had Al-Zaytun ini, Insya Allah.”

Dato’ Paduka juga sempat bertanya kepada Syaykh Ma’had Al-Zaytun bagaimana bisa memiliki ide membangun pusat pendidikan seperti Ma’had Al-Zaytun begitu jauh dari pusat kota Jakarta. Orang pindah ke Indramayu tempat yang jauh dari pusat kota untuk mempersatukan berbagai macam orang dan budaya dalam satu wadah pendidikan.

Dato’ yang telah berkeliling dunia mengaku tidak pernah melihat sesuatu yang bisa mengagumkannya seperti Ma’had Al-Zaytun. Termasuk gedung paling tinggi sekalipun, tidak membuatnya terkesima. Namun keberadaan Ma’had Al-Zaytun di sebuah kampung dengan jangkaun global membuat dirinya merasa kagum serta bangga sebagai umat Islam.

Berbagai lembaga pendidikan telah ia temukan di berbagai negara tetapi tidak ada satu pun yang membuatnya terkagum. “Seperti Amerika di mana software dan komputer modern mudah ditemukan tetapi mungkin di situ kita tidak bisa memperjuangkan Islam sebagaimana terjadi di Ma’had Al-Zaytun. Sebab di situ merupakan negara lain. Tetapi di sini, apabila kita berpikir kembali hebatnya orang-orang kita ini. Islam Nusantara kita ini kalau bisa mendapat sokongan dari negara Islam lain yang lebih kaya ataupun negara-negara jiran lain yang memiliki kekayaan. Ummah kita mungkin akan menjadi lebih sukses dan maju,” ujarnya.

Memiliki pengetahuan dan informasi tentang Ma’had Al-Zaytun yang terbatas, Dato’ lalu melihat betapa sistem manajemen dan visi Ma’had kedepan itu belum pernah ditemukan di pesantren mana pun di Indonesia yang sistemnya seperti ini. Dato’ begitu kagum bahwa seluruh kegiatan santri di Ma’had dimonitor terus seperti sebuah sistem yang hanya ada di Amerika dan itupun hanya terbatas pada sekolah berasrama.

Manajemen Ma’had Al-Zaytun disebutkan oleh Dato’ Paduka Sri adalah suatu motif pendidikan yang dapat membangkitakan Islam. Dan itu sama persis dengan sistem misi keuangan dinar (emas) yang kini tengah gencar diperjuangkannya. Ia juga bangga karena Ma’had Al-Zaytun didirikan di sebuah perkampungan terpencil jauh dari keramaian.

“Saya terharu bahwa ini satu-satunya modul pesantren yang harus di publikasikan kepada Indonesia, Malaysia dan Negara Islam lain. Saya sudah bicara kepada Syaykh, Insya Allah saya akan sarankan ini kepada Perdana Menteri Malaysia Dato’ Seri Abdullah Ahmad Badawi. Saya akan berbicara secara tersendiri, dan ini akan saya pegang karena itu kewajiban saya, Insya Allah” tutur Dato Paduka Sri Mir. Betapa ia tergugah untuk ikut memperjuangkan keberadaan Ma’had Al’Zaytun ke negerinya Malaysia termasuk mengkomunikasikannya kepada Perdana Menteri Malaysia.

Sumbangan Maksimal
Mengenai ketulusan hati menyumbang penyelesaian Mesjid Rahmatan Lil Alamin dan sebuah gedung olah raga, Dato’ menyebutkan hal itu didasari oleh pemikiran yang sangat universal. Bahwa di mana bumi dipijak di situlah bumi di junjung. Dato’ mencoba memberikan apa saja yang rasa diperlukan semaksimal mungkin. Itulah yang diperjuangkan sebagai ibadah.

Dato’ merasa beribadah waktu berada di Ma’had Al-Zaytun, karena dituntun Allah SWT. Dia sendiri tidak ada rencana. Tiba-tiba datanglah ajakan itu, lalu dengan senang hati dia pun tiba di pesantren Al-Zaytun. Sesuai cara hidup Islam, ia menerima semua teman-teman yang ditemukan di Ma’had Al-Zaytun atau di mana pun sebagai keluarga besar.

Cara hidup Islam yang demikianlah yang Dato’ Mir rasakan. Tanpa menghitung seberapa besar angka nominal uang yang akan disumbangkan bagi penyelesaian Mesjid Rahmtan Lil Alamin dan sebuah gedung olah raga yang megah. Maka setelah dilafaskan terhadap masyarakat di dalam mesjid yang baru, maka dirasakan oleh Dato’ sebagai sebuah kewajiban untuk memberi komitmen kepada dirinya sendiri.

Itu komitmen Dato’ sendiri, bukan komitmen organisasi atau lainnya. Komitmen itu adalah ibadah tersendiri untuk tempat di mana ia pernah berada dan berdiri. Semaksimal komitmen itu sebesar itu pula ibadahnya. “Saya rasa penyelesaian pendanaan mesjid serta gedung olah raga disesuaikan dengan syaykh, apa yang dirasakan perlu, maka diimbangi semampu saya,” ucap Dato’ Mir dengan spontan menyatakan komitmen sumbangannya. Ia merasa terkagum menyaksikan sebegitu banyak ummah dan sebegitu besar mesjid di MAZ. Dan semua itu berada di sebuah tempat yang jauh dari peradaban kota.

Pertobataan ‘Sosial Modern’
Siapakah tokoh yang mempunyai komitmen mulia untuk memberlakukan dinar emas dan menjadi dermawan menyelesaikan pembangunan mesjid di Ma’had Al-Zaytun itu?

Dia, Dato’ Paduka Sri Mir Khan, pria kelahiran Malaysia 20 Juni 1955. Sejak tahun 1980, dia meninggalkan Malaysia untuk menimba ilmu di Amerika Serikat. Dia lama bermukim di negeri Paman Sam itu dan melakukan berbagai kegiatan usaha di Honolulu, Hawaii. Maka sejak lama tinggal di luar negeri, Dato’ Mir tidak banyak lagi mengenal siapa pun di negerinya sendiri. Itulah salah satu alasannya untuk ingin kembali ke Malaysia.

Waktu bermukim di Amerika Serikat, cara hidup, katanya, cukup hebat, megah dan modern. Di Hawaii, dia hidup dengan kemerdekaan. Tiap hari kerjaannya bermain polo atau terbang mengemudikan pesawat sebagai salah satu hobinya. Dan jika malam tiba, hidupnya di alam sosial bebas. Hidup di Amerika jauh berbeda dengan cita-citanya semasa tinggal di Malaysia.

“Ini memang menarik karena hidup anak-anak muda itu kan seperti itu. Ini yang tidak benar. Siapa bilang saya jadi imam di mesjid? Munggkin lebih bebas dari kebanyakan orang,” kata Dato’ mencoba untuk mengungkap ulang masa-masa kelam sebelum mengalami pertobatan yang sesungguhnya. Dan kini, dia berbalik mencari Allah SWT yang maha berkuasa.

Akhir-akhir ini beberapa rambutnya sudah mulai putih. Kehidupan glamor Amerika sudah tidak lagi penting. Di sana dia tetap merasa sebagai orang asing. Apalagi dengan perihal agama dan keadaan sekarang itu benar-benar terasa sekali. Dia menyadari budaya kita jauh lebih baik dari yang lain. Waktu bermukim di Amerika dia sempat merasakan budaya kita itu jadi kecil. Sebab ia hidup di alam yang bukan alamnya orang Islam. Berbeda sekali dengan kini ketika dia sudah hidup di alamnya sendiri.

“Walau mungkin sebagian dari kita miskin tetapi kita tetap kaya dalam budaya, bangsa, agama dan negara. Budaya kita, bangsa kita, bahasa kita, makanan kita, orang-orang kita di mana-mana kita juga tahu,” tukasnya.

Dato’ dahulu mempunyai setumpuk kartu kredit, kini sudah dibuangnya semua. Menurutnya kartu kredit tidak sesuai dengan hukum ekonomi Islam yang menekankan sistem syariah. Kartu kredit dan segala sistem tata kelola ekonomi keuangan yang besifat hutang, sesuai dengan hukum ekonomi syariah adalah memperjuangkan riba. Dan riba itu bertentangan dengan hukum syariah Islam dan haram.

Belakangan ini, Dato’ tidak pernah lagi berkunjung ke Amerika setelah memperjuangkan sistem Dinar Emas. Dia telah melupakan kebiasaan lama harus pergi ke Amerika. Dahulu, dia merasa cukup senang dengan gedung-gedung, klub dan cara hidup Amerika. Sekarang semua benar-benar jadi tidak benar dan mungkin lenyap. Bahkan tidak suka lagi kembali ke sana. Dia tak lagi bangga mengatongi kartu kredit, yang dahulu pernah dibanggakan dan di megahkannya.

“Setiap bulan, setiap kali kita berhutang, kita adalah milik tempat kita berhutang. Nah kalau Anda berhutang, maka penghutang dimiliki oleh yang memberi hutang. Selepas pembayaran hutang barulah kita lepas dari genggaman yang lain,” jelas Dato’ memberikan ilustrasi mengenai kartu kredit.

Selama masa malang-melintang dahulu di berbagai bisnis internasional, Dato’ memiliki banyak koneksi untuk membangunkan berbagai macam bisnis. Namun akhirnya, dia mulai berpindah lebih tertarik memperjuangkan sistim keuangan dinar (emas).

Penukaran manusia bisa berubah melalui proses, seperti yang sudah dialami oleh Dato’. Hidupnya terdahulu dengan sekarang cukup berubah. Ada proses perubahan berupa pertobatan yang sangat menyeluruh dalam dirinya. Ia sendiri tidak tahu mengapa dapat berubah. Ia hanya berperinsip untuk mau mengikuti jalan Allah SWT.

Seperti kedatangannya ke Ma’had Al-Zaytun, petunjunknya hanya bermula dari berkumpul dengan para teman dan kerabat dekatnya di hotel di Jakarta. Sampailah dengan sebuah ajakan untuk berkunjung ke Indramayu. Itu pun bagi Dato’ sudah merupakan sebuah petunjuk dari Allah SWT, tinggal mau atau tidak menerima jalan petunjuk itu. Ternyata ajakan itu yang lalu dirasakan di Ma’had Al-Zaytun sebagai sebuah ilham yang telah diberikan oleh Allah SWT. ►ht-ms-ra


*** TokohIndonesia DotCom (Ensiklopedi Tokoh Indonesia)

Content take from http://www.tokohindonesia.com/aneka/tokohdunia/mirkhan/biografi/index.shtml

Why Use Gold Currencies?

Why Use Gold Currencies?
By Ken Griffith

We at The Gold Economy believe that electronic Gold Currencies will prove to be as world-changing as the invention of the printing press and gunpowder.

Gold Currencies link together financial institutions and markets across the globe in a way that allows instantaneous value transfers with a mere fraction of the paperwork and fraud associated with traditional bank wires and credit cards.

The architects of the new digital economy are busily at work creating new financial products and linking digital currencies to "old-world" financial networks, allowing you to easily convert your digital currencies to cash anywhere in the world.

Here are some of the reasons that Gold Currencies are the best way to do business on or off the Net! They're cheaper! Transaction costs using credit cards or PayPal range from 2.5% to 4.5%. International bank wires cost, on average, $40 to $70 using Western Union.

Gold Currencies allow transactions to take place from as low as 0.1% (GoldMoney), to 1% on the very high end (e-gold). In other words, the cheapest Gold Currency on the net allows online transactions for FORTY-FIVE TIMES LESS than credit cards.

Gold Currencies lower transaction costs by one or two orders of magnitude! This means that transactions that were previously too expensive to make because of the time, money, and effort involved are now feasible using Gold Currencies such as e-gold, gold-grams, and e-Bullion.

For retail merchants who do a high volume of credit card transactions the savings can be significant! The savings in transaction costs can then be passed along to their customers in the form of lower prices, which will help merchants accepting gold currencies to gain a competitive advantage. They're faster! Credit card transactions can be reversed for three to six months after the sale takes place. This leaves merchants in a vulnerable position. Cheapskates reverse the charges on a regular basis against merchants who delivered the goods. This kind of theft drives up prices for everyone to cover the cost of lost goods and money due to fraudulent credit card use.

Bank wires in-country take at least three days to clear. International bank wires can take up to three weeks to clear!

Gold Currencies solve these problems by allowing INSTANTANEOUS and NON-REVERSIBLE transactions! For merchants this means that ALL SALES ARE FINAL. They don't have to worry about having THEIR account frozen because some hacker used a stolen credit card at their store.

This also means that when you need to send money to a friend or family member anywhere in the world, you can do it in a few seconds. That's FAST! They are International! PayPal only works in the United States. In order for people outside the US to sell their product or service to the web, they have needed an international credit card merchant account. The problem is, outside the United States and EU, merchant accounts are very difficult to obtain. This creates a barrier to entry that is making it harder for international entrepreneurs to offer their products and services to the world.

Gold Currencies solve that problem by allowing instantaneous transfers of money anywhere in the world!

As the network of exchange agents and market makers grows, it is now possible to quickly and easily convert your digital currency to cash in any country in the world.

The E-Bullion Debit Card allows account holders to withdraw their convert their gold or silver bullion to cash through any ATM machine on the planet! This means that no matter where you are, if you can find an ATM machine, you can convert your Gold Currency into cash in the local currency! There are also several other companies offering Gold Currency linked debit cards as well. To see a list click here. Gold Currencies Are Safe! Credit card fraud is becoming increasingly prevalent as hackers steal card numbers from computer networks, crooks root through your garbage and steal your identity, and other nefarious thieves devise ways to get your account number.

Digital Currencies offer a higher level of security than credit cards. Even the lowest level of security for digital money, an account number and password, is a magnitude safer than a credit card. All a thief needs to steal a credit card is the account number. With digital currencies the merchant never sees your password, so it is impossible for a thief to steal it, unless you give it to him yourself (by letting him access your computer - see our article on protecting your computer from hackers).



$5 Indian Gold Coin
Gold Money supports digital certificates for customer identification. These certificates cryptographically verify that you are you. This makes it more difficult for thieves from accessing your account. E-Bullion offers a small calculator sized device called the CRYPTO Card that provides brokerage-level security for E-Bullion accounts. These CRYPTO Cards only cost $175 and are virtually impossible for hackers to break.

There are other improvements still to come, such as gold based e-cash payments from wireless phones and PDA's, digital gold investment certificates, and more!

Gold Currencies Allow Person to Person Payments!
Gold Currencies allow one thing that credit cards never will: Person to Person Payments.

PayPal is limited to the United States. So what do you do if you want to buy a collector's doll that you found in an online classified ad, if the owner lives in New Zealand and you live in the US?

Gold Currencies allow you to spend your money to anyone else who has a gold currency account. In the case of some forms of gold currency, such as Crowne Gold, you can spend to someone who doesn't even have an account yet!

It only takes a few moments for your friend to open his own account using the Internet, and in most cases it doesn't even cost a penny!

Gold Currencies Allow You to Protect Your Privacy!
It is a known fact that traditional banks keep massive databases tracking all of your account activity in the name of "know your customer" and "fighting the war on drugs".

But in reality, we all know that those banks conveniently use those databases to sell information about their customers spending habits to other companies, and governments use that data to find excuses to confiscate your money and property. So, not only does your government have access to all of your spending habits, but so does any individual or organization who wants to buy it.

Most Gold Currencies are based in "capital-friendly" jurisdictions with strict privacy protection laws. For someone to get your account information they have to obtain a court order in the country that your Gold Currency is housed.

This means that true crimes can be prosecuted, but that your privacy will remain intact if you are just an average law abiding customer. Think of it as garuanteeing yourself the right to "due process".

Furthermore, money laundering is not really an issue since you have to spend your national money (such as dollars) through an exchange agent in order to purchase Digital Currency in the first place. Since exchange agents all have accounts at banks with anti-moneylaundering practices in place, this means that all money used to purchase digital currencies is theoretically "clean". Clean money in, clean money out!

So, Gold Currencies are able to provide privacy to their customers, and still be able to garuantee that they are not being used for money laundering. As Bob Hettinga put it, Gold Currencies are "orthagonal" to the traditional financial world. As long as all the money coming in and out goes through banks with anti-money laundering practices in place, then money laundering is impossible.

Furthermore, all of the Gold Currencies in business at this time are firmly committed to discouraging crime and money laundering, while at the same time protecting the privacy of their account holders.

You can obtain an E-Bullion Debit Card and withdraw your gold currency from any ATM machine in the world as cash. But since the cards are processed in an offshore jurisdiction, you can be assured that your privacy is protected. Since both of these companies are diligent in preventing money laundering, you can be assured that you are in good company.

Conclusion
Why use Gold Currencies? Because they are cheaper, faster, safer, global, and private.

Content take from http://www.taxfreegold.com/gold-currencies.html

Gold Bullion Bars


Gold Bullion Bars
Gold Bullion barGold bullion bars are a good way to build an investsment in gold. The bullion bars are stamped with the refinement and weight of gold contained and can be an efficient way to purchase gold when buying large quantities. Gold bars range in size by weight from 1 gram, 1 ounce, 10 ounces, 1 kilogram, 100 ounces and finally the gigantic 400 ounce gold bullion bars.

The latter are how governments and central banks store their gold. The best way for individuals to invest in gold bullion is probably through 32.15 ounce (1 kilogram) bars. These are very popular in the retail gold bullion market worldwide, especially in Europe, the Middle East, and Asia. North Americans tend to either purchase smaller gold bars (1 - 10 ounces) or gold coins.

The larger gold bullion bars are not so simple to handle and store so often their purchase is most practical only when the intention is to store the gold bullion in a qualified precious metals repository or bank. You don’t have to take physical delivery of the gold bullion and the larger bars can be bought or sold without the need of an assay. But, many precious metals investing experts recommend that you take physical delivery of your gold and privately arrange for secure storage.

Overall, gold bullion bars and coins can should have a role to play in any diversified investment portfolio. They may not be as liquid as smaller size coins but provide the security of gold without high overhead costs and premiums sometimes associated with gold coins.

Gold Bullion Auctions

Content take from http://www.goldcoinshop.com/gold_bullion.html

Forget Trading Gold - Buy Physical Gold


Forget Trading Gold - Buy Physical Gold
Alex Wallenwein

A Thinking Shift
Outdated habits of thinking are probably the worst enemies of mankind. For most people, once they are comfortable with a certain world view, they would rather die that give it up, even if reality shows itself no longer compatible with their hard fought "understanding." This is especially true in the case of those who have encountered some measure of success with their formerly valid thinking.

Ideas of "Value"
We all have been brought up with the thinking that a thing's "value" is coterminous with its (paper) dollar price. As we grew up and became interested in investing, the same thinking has prevailed. We have applied it to all kinds of transactions, and - because of the dollar's reserve currency role - have had the luxury of teaching the rest of the world our perception of economic "value" as well. That thinking, that perception of value, is about to break down - and we had better face this reality, or else ... Especially in the case of valuing gold and oil, this "dollar perception" is by now a given in the world. But not only that, in the case of gold, we have built up a further abstraction on top of the notion of "dollar pricing", namely the concept of "derivative pricing." How is the current price of gold determined? By trading physical gold, as most people believe? Not so.

Gold "Valuation"
The dollar-gold price is determined largely on the London Gold Exchange and the US COMEX through a series of futures and option trading transactions on any given trading day. In that system, paper-claims to physical gold are traded just like physical gold, under the assumption that each claim can be "cashed in" for physical gold at any time. Truth is, though, that the paper claims to physical gold have so proliferated during the past two decades that it is impossible for the responsible parties (those owing physical gold on such paper claims) to deliver gold into all of these claims at current gold prices. Financial derivatives instruments are ridiculously complex creatures, and need not be explained in detail here. Suffice it to say that they are usually paper claims to physical gold based on a lease transaction of some form or another.

An (oversimplified) example: Bullion bank (BB) borrows physical gold from central bank (CB) at a stated "interest" rate, or lease rate (usually near or below 1 percent), for a stated amount of time, the "lease period." During the lease period (3 months to one year) BB gets to sell the gold at market price, invest the proceeds in higher-yielding paper securities, cash in the yield on the paper securities at the end of the period, buy gold at market price, and return the borrowed amount of gold to CB, plus the "interest." This is done, as you probably know, mostly to "short" the market for gold, i.e., in a bet that the price of gold will stay the same or decline. The underlying "lease contract" is the CB's paper claim to have the borrowed amount of gold returned to it.

The CB can now enter the paper-gold market and sell this contract (i.e., the documented right to have the amount of gold returned to it) at a discount in order to recoup at least the cash value of the contract. In the gold markets as they are currently constituted, such a sale of such a gold "derivative" is considered a "sale of gold". The more sales of this nature occur, the more "gold" is considered to have been "sold" in the market, exerting a price-depressing effect on physical gold (in the minds of most participants in this market). However, as the number of such "sales" proliferates, the same effect is noted as in a fiat currency inflation: In currency case, the value of the inflated currency declines relative to the goods and services it can buy - prices rise in the economy. In the case of gold derivatives, paper gold is sold in the paper-gold markets, reducing the value of paper-gold. Since this paper-gold pricing mechanism is what is currently perceived as "the gold market", all participants are conditioned to perceive the paper-gold price as "the" gold price (i.e., the actual price of physical gold). Result: The physical gold price drops as well. But this will only go on for so long.

When the Paper-Shackles fall off ...
This all works just fine and dandy as long as there is not such a percentage of physical delivery demanded into these derivatives claims that the nasty truth comes down on all the participants: that there are not enough people in the world willing to sell physical gold at such artificially low prices so as to enable all of these paper claims to gold to be satisfied with physical gold (as is currently assumed by most participants). The situation is very much the same as it was in 1933, when too many people lost faith in the paper dollar (because too many of them were in circulation) and went to their banks, demanding their gold. The banks of course knew all along they never had enough gold to satisfy everyone's demand to convert, but the "system" worked because the probability of that many people demanding gold was so small.

The paper-gold market is built upon the same illusion. Traders, bullion banks, gold producers, and central banks never expect that too many people will demand physical delivery, so the faulty pricing mechanism is allowed to continue - fulfilling its still useful function. However, in the current environment of a rapidly falling dollar in the face of a rising alternative reserve currency (the euro), the paper-gold pricing mechanism (gold priced in fiat-dollars) can no longer keep up. To preserve this illusion of viability, too much gold must be loaned by central banks at ever-increasing quantities in order to supply the market with physical metal to prevent delivery problems that are just around the corner. After about a decade of full-bore gold lending and other off-the-books transactions like swapping, etc, the world's central bank gold holdings have decreased by too much to sustain the effort.

But that alone is not so bad. The last nail in the coffin of both the dollar and paper-gold pricing mechanisms for gold lies in the fact that, collectively, the most gold-heavy central banks of the entire world (the euro-system CBs) have agreed to limit their lending activity (via the Washington Accord), which itself has raised the bar considerably. Eventually, gradually, physical supply shortages will creep in and - at first quietly - make their presence known through a considerable upward swing in paper-gold prices (is that happening now?) At some point it will become clear to all market participants that their paper-claim based pricing mechanism has never been able to account for the real value of the underlying asset - physical gold. Physical gold will become so hard to come by that a huge price increase will ensue - a price increase which the paper-gold market is not equipped to accommodate (largely because it is set up to achieve the opposite).

Here comes the cool part: in 1933, FDR had complete control over the banking laws, and though his extra-constitutional emergency decrees (called executive orders) made the private ownership of gold "illegal" thus enabling the banks to survive while forcing the people to give up their gold. Now we are dealing with an entire region of individual foreign governments acting in concert to support the price of gold internationally with the express purpose of dooming the dollar, so it can be replaced by their own currency. This time no executive decree can change the outcome. When the time of physical shortages comes, the gold derivatives markets (or rather the derivatives pricing mechanism for gold) will simply melt down. There will be forced cash settlements, probably imposed by judicial decree after lengthy litigation. There will be amicable cash-settlements - literally compromises - that will not even get close to approximating the true value of gold-settlement in this unfamiliar environment. What there will not be enough of is physical gold to satisfy these paper contracts, and the (dollar) "price" of gold will rise ... and rise ... and rise ... ... and the value of the euro system's gold reserves will rise along with it. That is the crucial point. The euro itself will float like a pleasure-cruiser on the surface of that rising tide of euro bank gold-reserve values, while the dollar will remain tethered to the silly quasi-official "gold price" of $42.222 per ounce (see, Title 31 United States Code, Section 5117) like a buoy with too short a tether during a tsunami. It will simply stay under water.

And gold?

And gold?
Gold will take on a dynamic that centuries, even millennia of "monetary use" have not allowed it to assume. Gold will become the number one wealth asset of the very rich and powerful. (Wanna bet that all of the really rich and powerful are already stocked up on physical gold as you read this - all the while telling you and your compatriots through the approved media outlets that gold is "risky" and should not be relied upon too heavily as an investment?) Free-gold will be the ultimate foundation of the value of the euro reserve currency without being tied to it by any legislative mechanism! This, as simple as it sounds, has never happened during gold's entire history of human use. For, commercial viability in our modern world requires the symbiosis of a mature fiat/computer-blip currency system with the oldest store of wealth known to man. This mature fiat component is an absolute prerequisite for such a system to function properly, and that is the reason why even a classical gold-standard cannot provide the same benefits. Gold convertibility has led us to where we are today - given human nature and the temptations that power provides. The silver lining in this cloud of a bleak dollar future is the fact that, at current, distorted, ridiculously low prices, gold - physical gold - represent a bargain that is simply unfathomable to most (and that's why "most" will never buy enough gold to truly profit from this dynamic, I'm afraid).

To recognize this requires a total thinking-shift. It requires adopting a completely new and different perspective on financial life. It requires that people learn to think in terms of true value rather than "dollar-pricing" when it comes to physical goods (and "derivative pricing" when it comes to physical gold.) Thinking shifts of that nature are hard to make. They require us to make mince-meat out of our former world view, the one that we have fought so hard to acquire during our lifetimes. Most people are more attached to their idea of themselves and the world around them than - to life itself. When that idea is threatened or challenged, or even utterly destroyed by the sheer force of reality as it happens around us, most people go into denial, attempting to continue to navigate by a set of data that no longer has true relevance in the new reality. In doing so, they often actually risk their lives, or they start wasting away, incapable of dealing with a totally new set of variables. This will be a very sad thing to behold - but it is bound to happen.

Conclusion - or just a new beginning?
After millennia of gold use as money, gold will finally break its man-imposed shackles and fulfill its "best use" function. Gold will trade as a pure wealth-asset without government tampering or restrictions - not because the governments of the world suddenly "got religion" and saw the error of their ways, but because they see how they can benefit from a free gold price and "stick it" to their current number one foe - the United States of America. Once the US is removed as a superpower, there is of course no telling what will follow. It may not be as pretty as some envision.

If US leaders won't recognize the danger and take the appropriate course of action, individual Americans can contribute to the survival of their country (and possibly even rid themselves of the bankster crowd to some extent?) by accumulating physical gold now. Prices are rising, and there is no telling at present how fast or how slow this scenario will progress in playing itself out - but play itself out it will. Rest assured of that! You can already see it happening all around you.

Alex Wallenwein
Editor, Publisher
The EURO VS DOLLAR CURRENCY WAR MONITOR
Moneypulation Watch (FREE E-zine)

Content take from http://www.taxfreegold.com/physical-gold.html

Buying Gold and Gemstone Jewelry

Buying Gold and Gemstone Jewelry
FTC

If you're planning a gift of gold or gemstone jewelry for your sweetheart, take some time to learn the terms used in the industry. Start with the basics. Carats and karats. What's the difference? Simply put, a carat is a unit of weight for gemstones, including diamonds; a karat is a unit for measuring the purity of gold.


Gold
The higher the karat rating, the higher the proportion of gold in the piece of jewelry. For example, 24 karat (24K) gold has more gold content than 14K gold. But because 24K gold is soft, it's usually mixed with other metals to increase its hardness and durability; 14K jewelry contains 14 parts of gold, mixed in throughout with 10 parts of base metal.

There's a big difference between karat-gold and gold-plated jewelry. Gold-plated describes jewelry with a layer of at least 10K gold bonded to a base metal. Gold plating eventually wears away, depending on how often the item is worn and how thick the plating is.

Gemstones
Gemstones can be naturally mined, laboratory-created or imitation. Stones created in a lab look identical to stones mined from the earth. The big difference is in the cost - laboratory-created stones are less expensive than naturally mined stones. But because they look just like stones mined from the earth, they must be identified as lab-created. Imitation stones resemble naturally mined stones but are not identical and are usually made of glass or plastic. Imitation stones must be identified as imitation. If you are purchasing a naturally mined stone, ask if it has been treated. Gemstone treatments - such as heating, dyeing or bleaching - can improve a stone's appearance or durability. Some treatments are permanent; some may create special care requirements. Treatments also may affect the stone's value.

Diamonds
When you're buying a diamond, consider four criteria, often referred to as "the 4C's" - cut, color, clarity and carat weight. Each factor affects the price.

Cut not only refers to the shape of the diamond, but also to the size, angle, uniformity and polish of the facets.

Color is sometimes "graded" on a scale. However, scales are not uniform: a "D" may be the best color for one scale, but not for another. Make sure you know how a particular scale and grade represents the color of the diamond you're considering.

Clarity refers to the presence or absence of internal flaws, called inclusions, that occur naturally within the stone, or to external blemishes, such as scratches or chips. A diamond can be described as "flawless" only if it has no visible surface cracks or other imperfections when viewed under 10-power magnification by a skilled diamond grader.

Carat weight may be described in decimal or fractional parts of a carat. If the weight is given in decimal parts of a carat, the figure should be accurate to the last decimal place. For example, ".30 carat" could represent a diamond that weighs between .295 - .304 carat. Some retailers describe diamond weight in fractions and use the fraction to represent a range of weights. For example, a diamond described as � carat could weigh between .47 - .54 carat. If diamond weight is stated as fractional parts of a carat, the retailer should disclose two things: that the weight is not exact, and the reasonable range of weight for each fraction or the weight tolerance being used.

A Jewelry Shopper's Checklist
Once you're ready to buy jewelry, shop around. Compare quality, price and service. If you're not familiar with jewelers in your area, ask family members, friends and co-workers for recommendations. Also, when ordering online and you've never heard of the seller, check on its reputation with the Better Business Bureau or the state attorney general's office. You also should:

# Ask for the store's refund and return policy before you buy. When ordering online, keep printouts of the web pages with details about the transaction, including refund and return policies in case you're not satisfied.
# Check for the appropriate markings on gold jewelry.
# Ask whether a gemstone is natural, laboratory-created, or imitation.
# Ask if the gemstone has been treated. Is the change permanent? Is special care required?


Make sure the jeweler writes on the sales receipt any information you rely on when you make your purchase, such as the gemstone's weight or size. Some jewelers also may supply a grading report from a gemological laboratory.

Content take from http://www.taxfreegold.com/buying-gold.html

The Importance of Gold Currencies in the 21st Century

The Importance of Gold Currencies in the 21st Century
By Ken Griffith

Are Gold Currencies merely toys for �techies� and gold-buffs, or do they represent a deeper change in the currents of history? It is my belief that gold currencies will change the face of global politics and economics for centuries to come.

Over the course of history there have been technological developments at certain junctures that changed the balance of power in the interaction between states, people and their religious institutions.

From approximately 800 AD until 1,250 AD the feudal era in Europe was characterized by microstates bound to the Church and to each other by oaths of fealty and by marriage. In war, the advantage was to the defender, with castle walls to hold out invaders, and suits of armor being something that only the rich could afford. This prevented massive scale invasions and accumulations of new territories by conquest. It simply took too long to successfully capture your neighbor�s territory, and cost too much to amass huge armies of knights on horseback. This, combined with the lack of money, prevented kings from being able to maintain standing armies. Land was the currency, hence kings hired their armies with land and oaths of fealty.

This decentralization and weakness of the State allowed the Roman Catholic Church to become extremely powerful. The State bureaucracies that we see today were mirrored by Church bureaucracies in the 1,400�s.

Three technological advances contributed to the decline of Feudal Era and the rise of the Nation State. Gutenberg invented the printing press which had the most far reaching consquences of any invention in the past thousand years; the longbow was developed which was powerful enough to penetrate a knight's armor; and gunpowder brought the advent of artillery, ending the defensive advantage of the castle.

The invention of the printing press brought the price of publishing information down so much that it effectively destroyed the Roman Catholic Church�s monopoly on religious and philosophical teaching. This resulted in the Protestant Reformation that laid the ethical and philosophical foundations for a new social order and mercantilism that changed the face of Europe and then the world.

Gunpowder changed the balance of power between States. Previously the advantage was to the defender. Empires were built by intrigue, treaties, oaths and strategic marriages. Yet gunpowder allowed cannons to destroy castle walls. The longbow brought about the extinction of the kight as a military unit. The new weapons could be mass-produced at a fraction of the cost of suits of armor and warhorses, allowing an ambitious ruler to arm the peasantry and invade his neighbors. More territory gave him a larger tax base, which allowed him to build an even larger army, and invade yet more of his weak neighbors. Thus began the 500 yearlong rise of the nation state.

Economies of scale required that the state grow in size and strength in order to defend itself from other states that were attempting to grow. This contributed to an inevitable arms race as nations conglomerated either voluntarily or by force of invasion. The final century of the nation-state witnessed two world wars and the development of weapons of mass destruction. The twentieth century was the bloodiest in history. In 1989 the five largest nations or alliances of the world contained over half of the earth�s population and two thirds of its land mass (Russia, Canada, The United States, The United Kingdom, and China).

Yet, at the beginning of the 21st century, there are new technological developments that promise to change the Industrial World just as dramatically as gunpowder, longbows and the printing press changed the world of Feudalism.

The Internet The Internet has been the subject of unbelievable hype over the past decade. The dotcom�s came and went as a stock market phenomenon and many of the promises turned out to be pipe dreams. But the Internet has brought about underlying changes to society that are here to stay.

The combination of the microcomputer with global telecommunications networks has fundamentally altered the economy of scale that existed in the Industrial Era. As Moore�s Law continues to produce the doubling of processing power every eighteen months, the microprocessor is putting power in the hands of individuals and small organizations with a decentralizing effect that has forced corporations to downsize, and soon nation states as well.

The industrial era gave us �one size fits all� mass production and mass media. The Internet brings us customization and niche markets. I write this article on a Gateway Computer that was custom-ordered through a web site and delivered by UPS to my home. This is the new era of micromarkets and microbreweries. Rather than building empires on mass production, there are now millions if niches waiting to be carved out by enterprising small entrepreneurs.

In the same way that microcomputers have allowed individuals and small businesses to successfully compete against mega-corporations for niche markets, this new development is now allowing microstates to compete against the empire states for customers (citizens) and their money.

The advent of financial cryptography combined with the Internet now makes it possible to move money and assets around the globe using a laptop computer or a cellular phone. Not only can money and assets be moved, but cryptography enables these transactions to be shrouded in a veil of privacy from snooping government eyes.

Small jurisdictions such as Andorra, Liechtenstein, Belize, and Panama are now able to compete for the capital flows that had previously been domiciled in the G7 nations. Tax competition is forcing the large nation states to curb their appetites for unlimited tax money. This is why the OECD (a cartel of populous, wealthy, socialist countries) is so intent on controlling �global tax competition� by threatening small countries with blacklisting and other sanctions. To quote the OECD�s paper on the subject of �tax distortions� the reason it is so terrible for microstates to offer low or zero-tax domiciles to international business is that producers and wealthy individuals of socialist countries will move their business offshore to escape high taxation, which will "take away the source of funding for welfare programs." This outcome is, of course, unthinkable.

The OECD is trying to keep the slaves from escaping the plantation. Unfortunately for the OECD, the new state of affairs was produced by fundamental changes in technology and markets. The only way to reverse it is to eliminate the Internet itself. Attempts to browbeat the microstates into raising their tax rates, or to regulate international capital flows, will only accelerate the process and create an international �black market�. The world is a different place now. OECD bureaucrats may think �there�s no place like home� but there are no magical ruby slippers that will turn back the clock and take us back to Kansas. We�re in Oz now, and the Welfare State is definitively obsolete. The patient has terminal cancer but hasn't given up the ghost yet.

Weapons of Mass Destruction History sometimes �repeats� itself, or at least, it parallels itself. Just as the invention of the printing press was accompanied by the proliferation of gunpowder, the new info-revolution is being accompanied by the proliferation of weapons of mass destruction. However, unlike gunpowder, which allowed the nation-state to grow to giant proportions, these new weapons will do the opposite. They will raise the cost of being "big" and reward those who are small, decentralized, and polite to their neighbors and enemies alike.

It took Nation States to concentrate the resources to develop the Atom Bomb. However, now that the Internet has made it extremely cheap to publish and procure information and materials, it is becoming easier for anyone to produce nuclear, biological, and chemical weapons. In fact, it is so inexpensive, that most wealthy individuals could afford to purchase a few for their own private arsenal. A determined individual could put together a biology lab and create enough botulinum toxin to kill everyone in New York City for under $100,000.

The implications of this are only beginning to be worked out, but some can already be seen in the news. Who is considered to be the greatest threat to the United States of America: Russia or China? The answer is... neither. Public Enemy #1 is an individual man: Oslama Bin Laden and his followers. Why? Because he possesses nuclear, biological, and chemical weapons and the will to use them against �The Great Satan.� Likewise, Russia is still smarting from the sting of the Chechnian separatists who took credit for bombings in Moscow and the sinking of The Kursk. China has cracked down on the Falun Gong, but has failed to eliminate the sect. Japan was shocked by the Sarin gas attack in the Tokyo subway system. It is only a matter of time until one of these nations experiences the first terrorist-deployed nuclear weapon against a major city.

Weapons of mass destruction fundamentally alter the balance of power between nation states, because they are extremely potent against large, centralized targets; but they are worthless against a decentralized individual or cell group. What city would the US nuke to get rid of Bin Laden�s network? Even if you killed him, his network would take revenge. This fact was demonstrated by President Clinton�s fruitless Tomahawk Missile attack on terrorist base-camps in Afghanistan in response to the bombings of U.S. Embassies in Africa. It is doubtful that the missiles killed any key personnel, and there is no doubt that the cost to the United States of expending the missiles was hundreds or thousands of times more than the cost of the damage done to Mr. Bin Laden. However, President Clinton DID give his enemies more fuel for their hatred and determination to use weapons of mass destruction against the United States by launching a missile attack into the sovereign territory of a country with which the USA was not at war. Two years later it has been verified that Bin Laden now has nuclear weapons in his arsenal.

What this means is that a tiny country can now theoretically defend itself against a monster like China with the last resort use of biological weapons.

The balance of power has also changed with conventional weapons. The microprocessor has allowed the development of smart shoulder-launched missiles that can destroy aircraft (Stinger Missile) and armor (Copperhead Missile). The Mujahadeen in Afghanistan successfully repelled the Soviet invaders in the 1980�s with the help of US-supplied Stinger Missiles. The new Copperhead anti-armor missile can be carried and deployed by a single infantryman, yet it is effective against even M1 Abrams tanks, and only cost $10,000 per unit. This means that for the cost of one tank, a nation can purchase approximately 100 Copperheads. Armor and aircraft are the primary weapons of invasion, whilst light infantry is the premier weapon of defense. Economically, the military advantage has swung back to the defender because microprocessors have now made it two orders of magnitude cheaper to defend than to attack. Meanwhile the cost of producing offensive weapons continues to soar into the stratosphere.

The low cost and easy availability of weapons of mass destruction now allow cell groups or dissidents to take revenge upon large centralized governments or corporations. The United States has spent the past decade making enemies by gallivanting around as the world�s policeman, prosecutor, and judge. The new balance of power will punish arrogant bullies with terrorist attacks on the home front. Over several centuries, this logic will necessarily produce nations that are small, decentralized, and polite to their enemies, whether they be of the ideological or national kind.

Conclusion If the mantra of the Industrial Era was �bigger is better�, the defining motif of the new age might be �move away from the center�. As the mega-states degenerate into microstates the proliferation of national jurisdictions will be creating an need for private digital currencies.

International trade requires money to lubricate the gears of market transactions. The Internet now makes it possible for private companies or individuals to offer asset-backed digital currencies from small friendly countries that desire to attract capital. These digital currencies transcend political borders and will facilitate a new era of international mercantilism while simultaneously freeing businessmen from the tyranny of national fiat currencies and the draconian controls that go along with them.

As Bob Hettinga has pointed out, digital bearer instruments are three orders of magnitude cheaper to use than book entry money. So again, digital currencies, once they come to full maturity, will take the world by virtue of the fact that they are the most secure, the most efficient, and the most inexpensive way to complete business transactions.

While the transition to this new world has been and will continue to be turbulent, the end result of these new technologies will probably be a world that is safer, more peaceful, and more prosperous than the previous century.

Ken Griffith
Send comments to kgriff95@earthlink.net
Content take from http://www.taxfreegold.com/

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