This development has been around for a bit of time, certainly since this past July. This post is not recommending speculative investments here. We will be discussing a big innovation for personal banking that is no longer tied to a central bank's fiat paper money. The topic is concerning the new interface for personal banking developed by Goldmoney.
Link to their website:
https://www.goldmoney.com
As an ardent AnCap, for the past few years I have been looking for ways to get my savings out of the fiat centrally banked system from the Fed. The main obstacle I was always encountering with respect to gold are that the various merchants only sold larger quantities of it and did not offer any options for banking. Until this recent innovation from Goldmoney there was no way to reliably conduct simple transactions based in gold unless you were already very affluent.
Goldmoney has excellent fee rates (probably the best one could get from any kind of bank) and they offer debit cards linked to your gold account.
THIS is the game changer. In the future I am planning on putting most of the additional money I earn into my Goldmoney account. You should to.
I have been following this company for years and after hearing of Peter Schiff's sale of his gold bank "SchiffGold" to them, I was encouraged to here about what they offer from his pdocast.
source about Goldmoney and Peter Schiff from Peter Schiff's youtube channel:
Even more crucial is the bigger picture here. Consider how as a result of inflation, the cost of living for everyone is gradually increasing, eroding the value of people's paper savings where each dollar buys less and less. With a gold money account the opposite will be true. As the value of your gold rises more will be available to you. Every increment of your savings will be able to purchase more. The extraordinary advantage that gold has had as an asset over paper money is now available at the convenient small scale for retail banking and personal day to day expenses.
I see this innovation as a great complement to crypto-currencies like Bitcoin or STEEM. My intuition is telling me that countering central banking and fiat paper money will come from several fronts and include the traditional (gold) and the innovative (crypto)
Think of the steemit community having Goldmoney accounts as a "force multiplier" for establishing genuine monetary freedom.
If the wealthy of India stored their wealth in gold they would have had no problem when the government proclaimed the fiat bills were soon to be trash.
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