GSB Gold Standard Banking, Josip Heit and the value of Gold
The DAX (abbreviation for Deutscher Aktienindex, it measures the performance of the 30 largest (in terms of free float market capitalization) most liquid companies in the German stock market) and is in the middle of the week (Wednesday, August 5, 2020), within striking distance of a new record high, especially gold, probably the most beautiful precious metal, which has been used for thousands of years for ritual objects and jewelry and since the 6th century B.C. as a means of payment, is testing out completely new peak regions in terms of value. On Wednesday morning, the price reached a new high of 2034 dollars, after the quotation had only cracked the 2000 dollar mark yesterday evening (04.08.2020). Since the beginning of the year, the precious metal has thus gained about a third in value.
The environment of low interest rates, rising debt, fears of recession and a continuing depreciation of the US dollar could hardly be better at present, states Josip Heit, as Chairman of the Board of Directors of GSB Gold Standard Banking Corporation AG, based in Hamburg.
Gold, like silver, is considered a crisis-proof and stable investment. In view of unprecedented rescue measures by central banks, confidence in common fiat currencies is declining in this context. Fiat money from the Latin word "fiat", however, has nothing to do with the well-known automobile company, but is an object without intrinsic value that serves as a medium of exchange. The opposite of fiat money is commodity money, here for example tobacco, rice, or even gold and silver, which besides the external exchange value also have an internal value, this completely independent of governmental decrees.
Only recently, the heads of government of the European Union (EU) agreed on a 750 billion euro package of corona aid, by 2027, an unimaginable 1.8 trillion euros are to be distributed at the taxpayers' expense, whereby one must remember that 1000 billion (1,000,000,000,000) is one trillion, i.e. a number with 12 (twelve) zeros, here it is almost double.
According to Josip Heit and thus the GSB Gold Standard Banking Corporation AG, the currently weak US dollar is playing into the cards for gold as well as the falling interest rates on the bond market, especially in view of the numerous recent increases in government bonds with negative yields, which for the first time since March 2020 have risen to more than 13 (thirteen) trillion US dollars.
In the medium term, according to an analysis by Gold Standard Banking, the focus should therefore shift more towards inflation. So far, inflation has not yet started - due to weak demand - although the central banks are already taking massive countermeasures.
In Josip Heit's view, a proverbial "look in the economic rear-view mirror" shows that periods of weak price development and deflation were followed by phases of highest inflation.
The only open question is whether the global economy will recover from the corona shock in the foreseeable future as hoped. In the very long term, therefore, gold should maintain its strength and probably rise rapidly above the record high of USD 1,921 in 2011.
The currently broader base of investors (buyers) interested in gold also means that many investors are betting on gold, the lower the real yields are and the weaker the world's leading currency, the US dollar, the more attractive gold is. If you look at very long-term periods and take into account the change in price levels, gold has always maintained and increased its value, which is something no currency can claim at present.
The demand for gold bars and gold coins has even doubled in the first seven months of this year 2020, according to an evaluation by GSB Gold Standard Banking Corporation AG, compared to the same period last year. This is reported by the World Gold Council, the organisation of the gold mining industry, to a certain extent the highest statistical authority of all gold investors.
In a transparent way of its economic activities, Josip Heit and GSB Gold Standard Banking Corporation AG are taking this as their starting point. Because if you buy gold in small denominations on the web (Internet) or via app (abbreviation for application, i.e. application software for mobile devices), you could, for example, use a credit card company, which, however, can be reimbursed for each individual transaction.
A system created by GSB Gold Standard Banking Corporation AG, based on a block chain (a continuously expandable list of data records, called blocks, which are linked together by cryptographic methods), makes the payment process much more secure and this directly, without transaction costs between seller and buyer.
With this revolutionary idea, Josip Heit and GSB Gold Standard Banking Corporation AG will make the crypto financial market more secure and revolutionize it in many ways. GSB Gold Standard Banking Corporation AG is committed to a transparent financial market. Following this credo, Josip Heit has long been calling for sustainable regulation.
At the turn of the year 2019/2020, the German Federal Government has put as first regulatory measure - block chain and token - under supervision of the Federal Financial Supervisory Authority (BaFin). As a German public and federal institution with legal capacity, BaFin is subject to the legal and technical supervision of the Federal Ministry of Finance.
When using block chain technologies, the existing regulatory framework is the responsibility of the BaFin, provided that the parties involved are subject to the supervision of the BaFin. Josip Heit fully supports and welcomes this with GSB Gold Standard Banking Corporation AG and at the same time pleads for a sustainable regulation of digital assets.
GSB Gold Standard Banking Corporation AG, Frau Melanie Berger, Große Bleichen 35, 20354 Hamburg,
Telefon: +49 40 300 66 88 - 190, Mail: News@GSB.Global
About GSB Gold Standard Banking Corporation AG
Subscribe to releases from GSB Gold Standard Banking Corporation AG
Subscribe to all the latest releases from GSB Gold Standard Banking Corporation AG by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GSB Gold Standard Banking Corporation AG
Josip Heit: G999 Blockchain - Gold Standard Group plans IPO in 202118.1.2021 09:45:15 CET | Pressmeddelande
On the occasion of the press conference on 15 January 2021, Josip Heit, Chairman of the Board of GSB Gold Standard Group, together with Chief Technology Officer (CTO) Alexandru Cocindau, stated to the numerous journalists that blockchain technology and decentralisation enable global transparency for various products that are needed on a daily basis. In addition, telecommunications and privacy are very important factors of our age. The G999 blockchain offers secure e-mail transmission as well as text and voice messages, which cannot be valued highly enough today. Josip Heit gives an example: "WhatsApp, Telegram, Signal or Threema are applications that are used by hundreds of millions of people worldwide. These people transfer their data, documents, pictures, videos and other private as well as business matters via the aforementioned applications, although not even 15 years ago hardly anyone could have imagined how important these communication channels would one day become. Josip Heit s
Sophia Thomalla and Josip Heit plan sequel to G999 spot in Silicon Valley11.1.2021 10:01:00 CET | Pressmeddelande
GSB Gold Standard Banking Corporation AG: Since 08 December 2020, one of the most exciting commercials of the past year 2020 has been running, filmed in the architecturally ultra-modern banking district of Dubai, in the United Arab Emirates. To kick things off, Sophia Thomalla was seen in the middle of Times Square, on the big screens of the REUTERS and NASDAQ skyscrapers in New York (USA). Here, a breathtaking beauty from Germany also turned the heads of viewers internationally - Sophia Thomalla. The German media star is considered extremely business-minded and is certain that blockchain-based applications are the technology of the future. Consequently, she appeared as an ambassador in the commercial for "G999", a uniquely electronic system, card reader and app that enables telecommunication and messenger via blockchain, inspired by the deflationary token economy model. This enables ultra-fast payments, micro-fees and a host of other options. Just recently, Sophia Thomalla was a guest
Josip Heit, Sophia Thomalla, G999 and Biblical Magi7.1.2021 08:34:49 CET | Pressmeddelande
Hamburg, Germany. As Magi or Wise Men from the East, Christian tradition refers to the "stargazers" mentioned in the Christmas story of Matthew's Gospel, who were led to Jesus by the star of Bethlehem. In the Catholic Church, the "three kings" are venerated as saints. Their Solemnity is the Feast of the Epiphany on today, January 6, 2021. In the Protestant churches, too, the Magi are commemorated on Epiphany.
Josip Heit and GSB Gold Standard Group: G999 Message for Christmas 2020 and the New Year24.12.2020 06:01:00 CET | Pressmeddelande
Dear brothers and sisters, dear families, dear partners, I wish you with all my heart all the best, divine blessings and the strength to transform the special challenges that our human family is facing right now into a victory of spiritual truth and divine values. And this regardless of faith, colour or mindset.
G999: Welcome 2021 Show with Josip Heit, Sophia Thomalla and Miguel Salgado22.12.2020 08:22:34 CET | Pressmeddelande
Dubai is the city with the world's highest number of skyscrapers, at over 300 metres high, as well as the tallest building on our planet, the magnificent Burj Khalifa, 828 metres. Dubai is a global centre of commerce and has the world's third largest airport by passenger traffic and the tenth largest port by container throughput. With a history of only 49 years, Dubai's success is unparalleled worldwide! Consequently, the GSB Gold Standard Group, in compliance with all coronavirus pandemic regulations, held its big "Good-bye-2020 - Welcome 2021 - Event" in Dubai's luxurious Jumeirah Beach district, in the midst of international banks and oil companies. International media were once again present in large numbers and some even travelled directly to Dubai, as they had done in Monte-Carlo (Monaco). People from all over the world enthusiastically followed the launch of the "G999", a unique electronic system, card device and app in one. The G999 is inspired by the deflationary token economi
GSB Gold Standard Banking: Josip Heit starts Blockchain Project G9998.12.2020 08:58:39 CET | Press release
GSB hires Sophia Thomalla as Blockchain Ambassador: Since the morning hours of today, December 8th, 2020, one of the most exciting commercials of the year 2020 has been running in the middle of Times Square in New York. A German is turning the heads of everyone internationally - Sophia Thomalla.
GSB G999 Utility as revolution for communication / Josip Heit: The future of cryptotechnology lies in a regulated environment30.11.2020 08:00:00 CET | Press release
Josip Heit, GSB Gold Standard Banking Corporation AG: "GSB Group develops high-tech block chain and cryptotechnical products for communication networks under the aspect of a climate-friendly orientation
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom