Harald Seiz: Gold and Visionary Ideas for International Payment System

We live at a crossroads in terms of modern payment systems. Experts are arguing about paper fiat currency, digital money and gold as visionary ideas for future payment systems. My name is Harald Seiz - CEO of Karatbars International GmbH and I think that a return to the gold standard would be the best payment system for the future. Learn why.

Functions of Money:

Money has been around for a long time. In fact, the basic definition of money is simply "whatever you accept as a payment system." But, the more complex definition of money includes a store of wealth, fungibility, unit of account, medium of exchange and a few other functions. What satisfies all of these money functions?

Gold:

Most of us have paper notes and plastic credit cards in our wallets. When we buy something online, we may pay with e-currency. Even a credit card transaction involves the transfer of money in an electronic format.

Benefits of Paper Money:

I understand why politicians like paper money. When you have a problem - turn on the printing presses. You can take the same rectangle piece of paper and write a 100 or 1000 on it, to change the value. Aren't you creating instant wealth?

No.

Successful business men understand the true value of money. If you keep printing paper money, then your suppliers will ask for more paper money. Why? Supply and demand is the answer. You are producing more currency without any commensurate increase in productivity. That does not create wealth, that creates inflation.

In order for a merchant to earn "true value" for his products and services, he must ask for more devalued currency. Money printing forces merchants to raise their prices.

Why is Gold Better?

All software programs are put through beta testing to see if they work properly. The same is true for prescription drugs. Well, gold has been tested for millennia as a payment system and it has passed every test with flying colors.
Why do central banks hold gold bars? Because gold is everlasting currency. Now, you can also add gold bars to your wealth portfolio.
I sell gold Karatbars, which allow you to control your financial future. Returning to the gold standard would lead to a dramatic increase in the precious metal price. Buy your own gold Karatbars to profit from a new visionary gold standard payment system.