Dinar Wakala Bullion Based Barter Trading System
Another exciting initiative we are working on is a precious metals based barter trading system, called the
GoldMoneyShop. It will allow our customers to open their own online stores at this website, and sell
products and services in exchange for bullion backed barter units. This system is envisioned to be fully
conformant with US federal and state laws by accurately reporting tax obligations on gains from both sides
of such barter trading.
Click Here to Open an Account Now
Benefits to Buyer and Sellers
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Consumption + Saving at the same time
Normally, if you want to invest your money, you have to set it aside for it to grow, e.g.
in a savings scheme, mutual fund, hedge fund, Bank Certificate of Deposit, or Stocks and Commodities.
Otherwise, if you want to purchase something with your money, you have to take it out of that
investment scheme and then spend it. Money held on hand for consumption keeps loosing its value
because of inflation, and is just lying there not giving any return. With gold and silver based
barter exchange payments, your money is available for consumption (buying/selling) as well as constantly appreciating
in value as the prices of gold and silver go up. When money is converted to precious metals, even if it keeps
changing hands when spent, the sum total will always keep increasing, and benefit the participants on the whole.
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Hedge against inflation
The long term average price of gold has consistently been rising over the years, while purchasing power of
paper currency keeps going down. Investing in gold is always considered a 'safe haven' against all sorts of
economic and financial downturns and inflationary pressures. The only limitation is that you cannot
spend your money while invested in gold. With this now possible through upcoming initiatives
like our own (and hopefully many more), this problem too would be removed.
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