gold

Return to real money: China to install more than 2,000 gold ATMs

Thursday, October 06, 2011 by: Jonathan Benson, staff writer
Tags: gold, ATM, health news

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
White House admits staging fake vaccination operation to gather DNA from the public
EXCLUSIVE: Natural News tests flu vaccine for heavy metals, finds 25,000 times higher mercury level than EPA limit for water
Irrefutable proof we are all being sprayed with poison: 571 tons of toxic lead 'chemtrailed' into America's skies every year
Truvia sweetener a powerful pesticide; scientists shocked as fruit flies die in less than a week from eating GMO-derived erythritol
Russia taking McDonald's to court, threatens countrywide shutdown
Why does the CDC own a patent on Ebola 'invention?'
Senator who attacked Doctor Oz over dietary supplements received over $146,000 in campaign contributions from Big Pharma mega-retailer and Monsanto
Global warming data FAKED by government to fit climate change fictions
Oregon man serving prison sentence for collecting rainwater on his own property
HOAX confirmed: Michelle Obama 'GMOs for children' campaign a parody of modern agricultural politics
Ebola outbreak may already be uncontrollable; Monsanto invests in Ebola treatment drug company as pandemic spreads
Ben & Jerry's switches to non-GMO, Fair Trade ice cream ingredients
Diet soda, aspartame linked to premature deaths in women
Elliot Rodger, like nearly all young killers, was taking psychiatric drugs (Xanax)
Right to farm being stripped from Americans: Michigan to criminalize small family farms with chickens, goats, honey bees and more
BREAKING: CDC whistleblower confesses to MMR vaccine research fraud in historic public statement
Monsanto's seed imperialism halted in Canada thanks to massive protests
5 powerful antibiotics that don't require a prescription
Delicious
(NaturalNews) The return to real money is making swift gains as public distrust and uncertainty about the viability of fiat currencies continues to grow. And according to a recent report in Digital Journal, some countries, including China, are actually installing automated teller machines (ATM) that dispense gold bullion rather than paper currency.

Since 2000, the price of gold in terms of US fiat currency (Federal Reserve Notes) has jumped nearly 800 percent as a result of inflation and the continued decline of the dollar. In response to this and the perpetual decline and instability of fiat currencies in general, the Chinese metropolis of Beijing has installed its first gold ATM in a shopping mall. And more than 2,000 gold ATMs are set to be installed elsewhere throughout the country, which will allow residents to easily exchange their cash for the precious metal.

"The people in Asia have a unique taste for gold, especially in China and India, and the channels of investment in China are way too narrow right now," said Zheng Ruixiang, president of Gongmei, to China Daily concerning the plan. "To put residents cash deposits into gold deposits can reduce cash flow and reduce pressure on commodity prices."

For the past several years, the Chinese government has been encouraging its citizens to exchange their yuan for gold and silver in order to protect their wealth against inflation and an unraveling world economy. After all, the failing US dollar is still the world's international reserve currency (IRC), and China currently holds the largest share of US debt of all the countries in the world.

Meanwhile, one journalist from Canada recently maligned gold claiming that it, rather than fiat currency, is backed by nothing. In case you missed it, check out the hilarious and disturbing video clip of the recent incident here:
http://www.naturalnews.com/033740_gold_journ...

Gold ATMs are popping up in many other countries besides China as well, including in both Germany and the US. The machines maintain a constant feed of gold's market value in terms of a nation's currency, and adjust prices for customers accordingly.

The US dollar can not, and will not, last forever. And neither will any other fiat currency that is backed by nothing. This is why many liberty-minded folks around the world have been encouraging others to preserve their wealth by investing in gold and silver.

Sources for this article include:

http://www.digitaljournal.com/article/312073

Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.