GSB Gold Standard Banking Corporation AG

GSB Gold Standard Banking, Josip Heit and the value of Gold

Share
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.
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.

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.

Contacts

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
Web: https://www.gsb.gold/en

Images

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.
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.
Download

About GSB Gold Standard Banking Corporation AG

GSB Gold Standard Banking Corporation AG
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

GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology3.8.2020 16:23:21 CESTPress release

The blockchain technology is one of the most discussed innovations of the digital transformation of economy and society, which is comprehensively implemented by GSB Gold Standard Banking Corporation AG. According to Josip Heit, this is the only reasonable way for the future, from an uncontrolled to a sustainable regulated market. With features such as decentralisation, reliability and counterfeit protection, the block chain technology opens up a wide field of innovative applications and new forms of cooperation. A block chain is a continuously expandable list of data records, also known as "blocks", which are linked together by means of cryptographic procedures. Each block typically contains a cryptographically secure hash (scatter value) of the previous block, a time stamp and unalterable transaction data. The block chain technology was developed based on the vision of a decentralized distributed system that would replace centralized instances and enable transactions to take place dir

GSB Gold Standard Banking, Josip Heit and SPREE FLUG in Times of Coronavirus6.7.2020 16:59:54 CESTPressmeddelande

Hamburg: In the coronavirus pandemic, job cuts, such as those currently at the aircraft manufacturer Airbus, are hitting the Federal Republic of Germany particularly hard. The 5100 jobs that are to be cut are not only slowing down the German economy, but are also burdening the national budget. Worldwide, Airbus plans to cut a full 15,000 jobs due to the corona crisis. In other countries, the company is also making cuts: In France 5000 jobs are to be cut, in Spain 900, 1700 in Great Britain and 1300 at other locations worldwide. But the job cuts are not really a surprise. The Frenchman Faury had already announced a few days ago that Airbus would massively reduce its production and deliveries for two years. In this context, however, there are also rays of hope, such as the GSB Gold Standard Corporation AG with its Chairman of the Board Josip Heit. Heit is currently in the process of expanding the group's own fleet of Embraer Jets, such as the Phenom 300 E and the Praetor 600, and to have

Josip Heit the GSB Gold Standard Banking Corporation AG - Ways of success26.6.2020 09:15:00 CESTPress release

Anyone who has worked in the real estate, finance or block chain sector for many years could have come across one of the influential figures in the business world in the person of Josip Heit. Born in Split (Croatia), Heit set out at a young age to gain a foothold and become successful as an economic manager, not only in the Federal Republic of Germany. Thanks to an excellent education in Germany, Josip Heit speaks fluent German, English, Italian, Russian, Romanian and French. Heit is a multimillionaire and experienced entrepreneur, not by birth - no every cent is hard and self earned. Thus Josip Heit has amassed an enviable wealth by investing in various sectors such as mining, minerals and precious metals, especially gold. Not so long ago, Heit moved on to explore the massive benefits of block-chain based technologies. Josip Heit is currently Chairman of the Board of Directors of GSB Gold Standard Banking Corporation AG, based in Hamburg, Germany, in the vicinity of the successful int

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