Gold backed commerce is now here outside of government and central bank policies

For years there has both a political and financial debate regarding a return to the gold standard, and a transition away from debt based fiat currencies.  However, because both the elites and the government have become addicted to increasing money supplies to accommodate their greed and political agendas, this argument has at best been tabled in ‘committee’, or held back from entering into a real national debate.

But as is the nature of the free markets, entrepreneurs, and men (and women) of ideas, will still seek alternative ways to conduct commerce despite the manipulations of those in power.  And while government and financial policies work hard to retain the status quo and fight against any form of gold backed money, three companies are now doing just that and allowing the common man to function in the marketplace with their own independent versions of a currency that is backed by precious metals.


Started by a visionary name Harold Siez in 2011, Karatbars evolved out of the 2008 Credit Crisis as a means for consumers and savers to purchase affordable gold in 1, 2.5, and 5 gram increments.  And in addition to being able to have gold delivered or stored for free in any one of Karatbars three vaults, customers and affiliates who sign up as members can have access to an e-wallet that works just like an offshore bank account, and can purchase on their own, or receive from their commissions, a Debit Mastercard in which they can use to both purchase or liquidate gold for use in any currency deemed necessary.

And since Karatbars is incorporated under the World Trade Organization they are protected from sovereign banking laws such as FACTA and I.R.S. regulatory controls.

In addition, people can sign up for free as either a customer or affiliate, and receive commissions for recruiting others to sign up with the company.

karatbar image                Karatbars Mastercard


In May of this year, Bitgold acquired Gold Money and all their affiliations to create an organization focused on providing customers an opportunity to have their finances function in a gold backed system.

We’re advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity. Accounts are free and can be opened in minutes. We provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a prepaid card for spending gold at traditional points of sale. Through our network of ATM’s customers can fund their accounts with local-currency. All gold is fully redeemable as 1kg Bullion Bars or 10g GoldCubes®

And like Karatbars, people can sign up for free as either a customer or affiliate and earn commissions with Bitgold for recruiting new members to the company.

gold cube         bitgold-debit-card

Euro Pacific Bank:

Well known financier and economic analyst Peter Schiff opened an offshore bank that is now functioning with the same general ideas that Karatbars and Bitgold are offering, but with one important catch.  American citizens are unable to become members of Euro Pacific Bank, and are not eligible to open an account thanks to draconian laws, regulations, and capital controls placed upon citizens of the United States.  But for those who have expatriated, or are of another nationality, this company offers people the chance to purchase gold and store if in their vaults for free, while at the same time spend this gold like money in any currency, and in real time where the monetary amount is simply subtracted from your gold holdings at the time of a transaction.

On top of these three gold backed forms of commerce is of course Bitcoin and the myriad of other crypto-currencies that are moving out from the fringes and becoming more mainstream everyday.  In fact, a former head commodities trader for J.P. Morgan chase has left the bank to become CEO of a blockchain technology company dedicated towards electronic finance in the new paradigm that is emerging in the world of crypto currencies.

Thanks to technology and innovation, the world no longer needs to simply wait for programs and policies of governments and central banks to provide direction in how commerce is performed in both a micro and macro environment.  And with the BRICS and other Eastern economies seeking to disconnect from the dollar, and move towards a return to a gold standard in some fashion, having the ability as an individual to not only protect your savings and wealth, but to also transact commerce in the new emerging financial system that is here and now, may be your best alternative to what is both occurring, and coming soon, to fiat currencies as they rush headlong into massive devaluation and collapse.

Kenneth Schortgen Jr is a writer for,, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.