Buy GOLD and SILVER: The Day the Money Game Changed: Part Two:
Gold: $ 1461.70 Silver: $ 16.98 Platinum: $ 877.00 Palladium: $ 1715.00
Dateline: Del Mar, CA: Wednesday, November 13, 2019
FNB is a precious metals industry leader. Each weekday, we post information and financial facts (and opinions!) that relate directly to the financial markets and also that have direct impact upon the daily lives of investors.
In our last session, FNB began a groundbreaking examination of China’s soon to launch, gold-backed cryptocurrency.
China’s proposed, gold-backed cryptocurrency is tentatively titled: ‘DC/EP’. ‘DC/EP’ means: “Digital Currency/Electronic Payments.”
In this session, FNB highlights the Chinese Government’s recent passage and ratification of the world’s first (to our knowledge!): National Crypto Legislation.
The Day the Money Game Changed:
Chinese CRYPTO-CURRENCY LEGISLATION:
On October 26, 2019, the 13th National People’s Congress passed a groundbreaking crypto-currency legislation.
The legislation provides a national policy for the development, adoption and then launch of a national crypto-currency. The legislation is slated to become effective: 01.01.2020.
The new crypto-currency legislation provides language and establishes clear pathways for the following:
The establishment of new regulatory framework that governs how crypto-currencies will be set up
The establishment of standards for application that make possible the set up and maintenance of accounts, passwords and fiscal security of transactions
The establishment of a ‘central crypto-graphic agency’ meant to create and establish and maintain guidelines and public monetary policy
The working legislation is to establish a national policy for all ‘encrypted behaviors’. The ‘encrypted behaviors’ that the Chinese government intends to manage and fully control are broad ranging and include: hashtags, mining and all block chain propagation.
Source:
https://cointelegraph.com/news/china-passes-first-ever-crypto-law-going-into-effect-January-2020
This is groundbreaking. This represents a possible global shift in monetary policy and monetary ascendancy.
In our next session, FNB will address the x’s and o’s of how the Chinese Government’s currency innovation may impact the role of the US Dollar.
Investors, beware! Investors, be informed! Investors, buy gold and silver!
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coins, bars and bullion holdings. FNB invites all to visit our website:
www.firstnationalbullion.com
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Jon Cavuoto,
Founder and Owner,
First National Bullion
inquiry@fnbcoin.com