The Gold Chronicle

Purely Gold News. Invest In The Future.

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Rigged Markets

The exchanges determining the price of gold are not trading gold. There is an unlimited amount of 'paper' gold they can sell. Over 100x more gold is owed ‘on paper’ than is actually available to deliver. Gold is a finite resource, but our very pricing mechanism treats it as it were infinite. Bankers 'trade gold' that doesn't exist between themselves in order to suppress the price of the real thing.

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Hyperinflation

The US national debt was $5,749,916,000,000 in January 2009 then, by January 2014, it was $11,825,322,000,000. Today it's well over $21 trillion. The debt grows exponentially but needs to be repaid. How will it be repaid? By printing trillions of dollars, resulting in run-away inflation, hyperinflation. There was only approximately $1.69 trillion in circulation as of September 26, 2018.

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Gold Money

Gold will be more valuable once it's used as money. Gold takes up less space than a $100 bill. At $3,100/oz, gold has a value:weight ratio equal to the $100 bill. Gold can be hammered so thin that sunlight shines through it. We have technology to sandwhich this thin layer of gold between paper. Gold wouldn't be more burdensome. We may just transact gold-money digitally via blockchain.

Gold-Blockchain is a Solution while Bitcoin is Not

Gold-Blockchain is a Solution while Bitcoin is Not

Our fiat money could never work for long. The gold monetary system of past did not fail by fundamental design. Central bankers first perverted it with paper notes and leveraged markets. Finally, in 1971, government abandoned it due to their own overspending. The resulting fiat we have today will fail by design, it never had a chance. Money cannot be baseless and printed into infinity. Having a central authority issue money at will results in corruption, class...
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Ancient and Early Modern History of Gold

Ancient and Early Modern History of Gold

Admiration of gold predates history. The earliest known history of gold is a golden treasure dating back to 4600 BC. One of the earliest known Egyptian maps, the Turin Papyrus Map, shows detailed plans for a gold mine. The Aztecs regarded gold as the product of the gods, calling it literally “gods excrement”. Civilizations from every corner of the world clearly made great connections with their Gods and Gold. Today the world is full of gold...
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Top 10 Gold Misconceptions & Propaganda on the Internet

Top 10 Gold Misconceptions & Propaganda on the Internet

There are many gold misconceptions distributed about. The propaganda is meant to keep us from buying gold. The Federal Reserve is a private institution representing the interests of 12 US banks. The Fed's foremost agenda is to defend their banking system. Secondarily it represents broad economic interests as mandated by US Congress. Those objectives do not always work in harmony. Gold is the central bankers Achilles heel. Interest in gold means people are losing faith in...
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Gold Backed Money Based On Blockchain is Coming

Gold Backed Money Based On Blockchain is Coming

Countries are going to begin using digital gold-blockchain monies. Blockchain is fast, efficient and transparent. Governments can collect taxes directly on-chain with a centralized core, but distributed ledger. You'll spend money on a debit card like you do now, it will be very similar, you won't tell the difference in the way it spends. Russia and China have been buying large amounts of gold and silver recently. Countries such as Germany, Netherlands, Hungry, Turkey and others...
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Gold-Backed Blockchain

Gold-Backed Blockchain

You won't be buying things with actual coins. You wont be using paper 'dollars' representing gold (as in the past). Those things won't even exist. The future is a digital money. Something incorruptible, verifiable and fast: a distributed blockchain ledger. Yes, it is similar to cryptocoins today. But not exactly. The difference is that the source code will be managed by your issuing government. Another difference is that it will be backed by gold. The coins...
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Fiat Money & Rigged Markets

Fiat Money & Rigged Markets

Our fiat money system was designed to fail. The government borrows money from the Federal Reserve with interest attached. As time goes on, the debt compounds and raises exponentially. There comes a a time when that money is impossible to repay unless ever more is created, bringing about hyperinflation. The value of money drops dramatically during hyperinflation due to the massive amount issued by the bank, diluting the existing supply. The only cure is printing more...
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Gold Blockchain Basics

Gold Blockchain Basics

It is difficult to entertain the idea of combining gold with blockchain without a thorough understanding of each. Government needs to assume responsibility for protecting and insuring our money considering how critical it is to the health of the country. A gold-backed blockchain system will give great faith in the health and security of our economic engine. Blockchain is a distributed public ledger containing a transaction history. This ledger is stored on multiple systems across a...
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Business men running past alligators and to gold

Debunking Propaganda 1: CCN Claims Prediction is Fake Gold News

Sometimes just a title can irk me. Take for example a recent headline from ccn.com, Fake News: Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally A bottom-dwelling author, Joseph Young, is trying to call out Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant, Oanda! In…

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Jakarta Night Sky

Jakarta Futures Exchange Partners for Blockchain Implementation

Indonesia’s leading futures and derivatives group, Jakarta Futures Exchange (JFX), will soon offer a blockchain trading solution with help from Australian-based Kinesis Money and Allocated Bullion Exchange (ABX). The collaboration primarily focuses on creating a better option to current financial offerings. JFX President, Stephanus Paulus Lumintang said in a statement, “It’s increasingly become clear to us…

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onegold trading platform

APMEX & Sprott launch OneGold: Gold-Blockchain Marketplace

Many try branding bitcoin as a new-age gold. There is little comparison. Gold is eternal and stable in every environment, bitcoin is not. Our gold will forever exist on earth. The gold will be admired for its beauty by generations to come. The feeling humans have for gold is primal, which will never cease. There’s…

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Real gold coins stacked up and shining

Gold-Blockchain is a Solution while Bitcoin is Not

Our fiat money could never work for long. The gold monetary system of past did not fail by fundamental design. Central bankers first perverted it with paper notes and leveraged markets. Finally, in 1971, government abandoned it due to their own overspending. The resulting fiat we have today will fail by design, it never had…

3,003 total views, 5 views today

Digix Silvergoldbull Logos Partnership

Digix Partners With SilverGoldBull for a Gold-Backed Blockchain

Digix, a company based in Singapore selling cryptotokens (DGX) redeemable for real gold announced a partnership with SilverGoldBull.com (SGB) today. A mutual benefit, however, strong partnerships usually create tougher competition. The partnership greatly increases the offering for customers of both Digix and SGB. Digix will have their metals stored in custody with Silver Gold Depository, which…

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Iamgold invests in Emergent Technology

IAMGOLD Makes Investment in Emergent Technology Blockchain

IAMGOLD joins partners that include Sprott Inc., Valcambi sa and Yamana Gold Inc., in investing in EmTech’s innovative gold supply chain and digital token platform. EmTech’s Responsible Gold™ supply chain application is the only blockchain solution that automates the tracking of responsibly sourced gold from origin to vault. This gold is digitized into G-Coin™ tokens,…

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Russia No Treasuries chart

Russia No Longer Owns Any US Treasuries

The selling of US treasuries has been wildly popular and widely reported. China has been a seller for 3 months now. Japan has flipped to selling in August, now having the lowest amount since 2011. It should be of no surprise that Russia finally has no US treasuries, having sold off their remaining holdings as…

418 total views, 1 views today

Gold mainstream blockchain

Mainstream Blockchain Making way into Gold

Many knew it all along; blockchain is secure, transparent, flexible, universal, efficient. Anyone not implementing mainstream blockchain today is being left in the dust, like a business still using file cabinets in 1999. One of the best use cases for blockchain is the banking industry. Nasdaq claimed blockchain has potential for reducing settlement time and…

259 total views, no views today

prop goldbars saying gold misconceptions your are being fooled text

Top 10 Gold Misconceptions & Propaganda on the Internet

There are many gold misconceptions distributed about. The propaganda is meant to keep us from buying gold. The Federal Reserve is a private institution representing the interests of 12 US banks. The Fed’s foremost agenda is to defend their banking system. Secondarily it represents broad economic interests as mandated by US Congress. Those objectives do…

2,619 total views, 5 views today

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