Hardly any other topic causes as much commotion and uncertainty as looking at the future of money. According to the conventional media, the growing economy and the modern financial system, there should be no need for concern about the future of money. But reality is quite different, according to the author, founder and CEO of Karatbars International. There are several factors that influence the future of money and cause fear among the population. The forthcoming Brexit and discussions on the abolition of cash are just two of the many issues that will result in a downright break from the conventional financial market in favor of gold as well as alternative investments in tangible assets. Although investment gold is a security, its large denomination makes it less suitable for payment transactions. Harald Seiz sees much more in gold than a safe haven, as he describes in detail in his book “Die Zukunft des Geldes” (The Future of Money).
Gold should be affordable for everyone. Similarly, the future of money should include a combination of fixed assets and currency. A strict separation, as is practiced today, is not forward-looking and poses some serious challenges.
Why the future of money raises so many questions
State financial systems are badly shaken and so volatile that they cause great concern among most people. The negative interest rate policy, the creeping expropriation of savers and the risk of inflation are just some of the factors that characterize the financial market. History has shown that currencies created out of thin air have devalued time and time again and have been re-issued with a new name, but basically according to the very same principle. If this spiral continues, we will be merely repeating the past and endangering the future of money through a false perspective. The departure to tangible assets, where gold and real estate are high on the agenda, is an example of what the population values and that their confidence in our banking system has diminished. The future of money should also be transnational, making unnecessary costs associated with the exchange of national currencies or the sale of investment assets a thing of the past. The book “Die Zukunft des Geldes” (The Future of Money) gives an account of earlier financial systems, their boom and demise, which according to statistics is repeated at regular intervals. There will also be a change in the foreseeable future, as the visionary Harald Seiz already knows all too well and communicates to his readers.
Anyone who takes a closer look at the future of money will automatically come to the conclusion that forward-looking currencies can be traded digitally across borders or are backed by imperishable assets. Physical means of payment will never entirely vanish, as Harald Seiz emphasizes in his book on the future of money.
The desire for a safe haven and crisis-independent liquidity is shaping the present and future of money. The world will never be completely crisis-free and there will always be forces that influence the financial market and question the future of money as we know it today. This book provides some useful insights for people who want to take their own future and the future of their money into their own hands.