DGC Blog » digital gold currency

How much gold is there in the world today?

Mark — Tue, 17 Jan 2012 15:11:55 +0000

E-dinar Gets a New Look & An Update

Mark — Fri, 13 Jan 2012 14:01:08 +0000

If you haven’t been to the e-dinar web site lately, you should swing by and check out their updated look.

“e-dinar is the name of an internet based electronic payment and exchange system that facilitates online transactions 100% backed by physical gold and silver. The physical gold and silver bullion is held securely in internationally renowned bullion repositories.”

How is the Islamic dinar used?

1. The Islamic Dinar can be used as saving.
2. It can be used to pay zakat and dowry as required by Islamic Law.
3. It can be used to buy and sell as it is a legitimate medium of exchange.

The e-dinar web site also offers the new Kelatan gold dinar and silver dirham coins.

Rep. Paul Curtman’s Sound Money Bill and Audit the Fed Resolution

Mark — Sun, 08 Jan 2012 16:38:41 +0000

Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary Crisis in the United States

Mark — Tue, 13 Dec 2011 15:48:11 +0000

Digital Currency Systems: Emerging B2B e-Commerce Alternative During Monetary Crisis in the United States

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Gold Standard Institute Newsletter

Mark — Mon, 17 Oct 2011 15:39:38 +0000

The Gold Standard Newsletter Issue #10 ● 15 October 2011

Utah Monetary Declaration

Mark — Fri, 30 Sep 2011 15:04:34 +0000

WHEREAS, money, as a medium of exchange, a store of value, and a unit of measure promotes economic activity, growth and productivity by facilitating specialization and trade, the accumulation of wealth and its long-term investment, as well as accountability in setting prices, tracking progress, and settling accounts;
WHEREAS, natural money – precious metal coin – by virtue of its inherent qualities of recognizability, measurability, uniformity, divisibility, durability, portability and scarcity has reliably retained its purchasing power, notwithstanding periodic fluctuations, over the centuries and millennia of human history, serving as an effective medium of exchange and store of value often without any governmental declaration to require, legitimize or perpetuate its adoption and operation as such;
WHEREAS, sound money, by retaining stable purchasing power over time, best serves societal needs by substantially reducing the uncertainty of inflation risk for creditors and deflation risk for debtors as well as encouraging saving and investment among the general populace and benefiting the economic zone in which it circulates by stimulating the economy and by attracting foreign capital and commerce to the region;
WHEREAS, history attests that monopolistic monetary systems frequently engender currency debasement, resulting in serious consequences such as lost purchasing power, inequitable wealth redistributions, misallocation of productive resources, and chronic unemployment, and that, as the cornerstone of a free market and society, the right to choose, whether between suppliers of goods and services, political parties and candidates, or between alternative media of exchange, effectively promotes the general welfare;
WHEREAS, for the equal protection of all people, rich and poor, the open circulation of complementary and competing currencies should be fostered and promoted by every sovereign state, including those of The United States of America pursuant to their monetary powers (expressly reserved in article 1, § 10 and in the 10th amendment of the United States Constitution) to monetize gold and silver coin as an alternative, voluntary medium of exchange, and as an effective check and balance against debasement of the national currency by the national government which is constitutionally precluded from demonetizing state legal tender, through disparate tax treatment, discriminatory regulation, the threat of suppression and seizure, or otherwise;
NOW THEREFORE, we the undersigned hereby declare and affirm that:
1.     As an essential element of true liberty and of the pursuit of happiness in a free society, all people enjoy the inherent and unalienable right to lawfully acquire, hold and use as a medium of exchange whatever form or forms of money they may prefer, including especially gold and silver coin.
2.     All free and sovereign states bear the moral, political and legal obligation not only to refrain from debasing their own currencies (except under the most exigent circumstances) and from erecting barriers to the unfettered circulation of monies issued under the authority of their sovereign trading partners, but also to affirmatively defend and protect against fraud, counterfeiting, uttering, passing off, embezzlement, theft or neglect by requiring full transparency and accountability of all state chartered financial institutions.
3.     No tax liability nor any regulatory scheme promoting one form of money over another should apply to: (a) the holding of any form of money, in a financial institution or otherwise; (b) the exchange of one form of money for any other; or (c) the actual or imputed increase in the purchasing power of one form of money as compared to another.
4.     Except in the case of governmentally assessed taxes, fees, duties, imposts, excises, dues, fines or penalties, the authority of government should never be used to compel payment of any obligation, contract or private debt in any specific form of money inconsistent with the parties’ written, verbal or implied agreement, or to frustrate the intent of contracting parties or impair contractual obligations by invalidating the application of a discount or surcharge agreed to be dependent upon the particular medium of exchange or method of payment employed.
5.     The extent and composition of a person’s monetary holdings, including those on deposit with any financial institution, should not be subject to disclosure, search or seizure except upon adherence to due process safeguards such as requiring an adequate showing of probable cause to support the issuance by a court of competent jurisdiction of a lawful warrant or writ executed by legally authorized law enforcement officers.
We hereby urge business leaders, educators, members of the media, legislators, government officials as well as judicial and law enforcement officers to use their best combined efforts to reinstate and promote the legal and commercial framework necessary to establishing and maintaining well-functioning, sound monetary systems based on choice in currency.
The signatories hereto concur in the general principles expressed in the foregoing declaration notwithstanding specific reservations some may have as to how such principles should be interpreted and applied in practice.
Ron Hera

Source: http://members.beforeitsnews.com/story/1168/277/States_to_Financially_Break_Away_from_Federal_Government—Utah_Monetary_Declaration.html

Ron Paul Subcommittee Hearing 9/13/11

Mark — Fri, 16 Sep 2011 14:02:25 +0000

Consumer Acceptance of an Electronic Dinar Payment System in Malaysia

Mark — Fri, 16 Sep 2011 04:45:53 +0000

Consumer Acceptance of an Electronic Dinar Payment System in Malaysia

GBULLION Responds to Gold Bull Market

Mark — Wed, 14 Sep 2011 14:48:33 +0000

Dear GBULLION clients,

In the past year alone the value of gold has risen nearly 30%. In what is seasonably the best time to buy gold, investors are increasingly turning to other avenues than their local coin or jewelry store in order to obtain the time-tested safe-haven.

Online purchasing is gradually becoming the preferred method for acquiring gold.

That in mind, over the last three months GBULLION DMCC has undergone some major changes to become an even more affordable and attractive online resource for you!

The Great NEWS:

NEW RATES

Gold buying fees have been re-estimated and consolidated, and GBULLION now sells gold at a price no higher than 1.2% above the Gold Spot Price. The minimum purchase amount is only 1 gram of gold, and liquidity is ensured by GBULLION’s guarantee to buy gold back at the Gold Spot Price whenever one needs to sell. GBULLION DMCC’s gold buy-back is completely free of charge.

Besides, the withdrawal of funds from GBULLION system back to local (UAE) bank accounts has become 4 times cheaper! Check out the current rates on our website: http://www.gbullion.com/en/rates/

NEW TERMS OF DELIVERY

From this September onwards GBULLION is not only able to sell gold closer to the spot price than anyone else in our business segment but we are also working with Brinks to take the extra step providing FREE DELIVERY to any airport in the world when gold delivery is requested. Today GBULLION is the first and only licensed gold supplier that covers worldwide shipping costs. So whether you’re a jeweler, investor or electronics manufacturer you can be assured to get your gold delivered to you when you want it with no shipping costs.

Check out the terms of delivery on our website: http://www.gbullion.com/en/terms_of_delivery/

LOCAL MARKET POTENTIAL

Originally positioned to capitalize on the European market demand for gold the local market in the Middle East began to take notice of how GBULLION positioned its services and as a result the growth prospects are quite promising! The first month’s feedback have proved a great interest in the service, that is why we expect a rapid growth of online gold trading popularity in the region!

NEWS PORTAL

Don’t forget to check GBULLION News Portal.

GbullionNews provides you with a daily round up of the latest gold related news, comprehensive gold market analysis and gold investment research, as well as keeps you updated on the current gold price information.
Purchasing, storing, insuring, delivering and selling gold online is the new framework for investing in gold. If gold is the right investment for you do your research and make sure that each of the providers make these options available. You will soon realize that this list is not very long and that GBULLION is not only on that list but has the lowest costs of them all!

Should you have any questions or concerns, we are always happy to help you!

Kind regards, GBULLION Team
GBULLION DMCC Office 507, Gold Crest Executives Tower, JLT Dubai, United Arab Emirates Tel: +(971) 42932648 www.gbullion.com www.gbullionnews.com

Libertopia September DGC Magazine Issue Now Online

Mark — Fri, 02 Sep 2011 01:00:33 +0000