{"id":2680,"date":"2009-02-24T00:00:00","date_gmt":"2009-02-24T00:00:00","guid":{"rendered":"http:\/\/localhost\/wordpress\/2009\/02\/24\/gold-dinar\/"},"modified":"2009-02-24T00:00:00","modified_gmt":"2009-02-24T00:00:00","slug":"gold-dinar","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v3\/2009\/02\/24\/gold-dinar\/","title":{"rendered":"Gold Dinar"},"content":{"rendered":"

<\/p>\n

Clearly,
\nwhen considering monetary systems, stability is an important issue, but equally
\nimportant, and one that is often overlooked, is the issue of justice. In many
\npeoples mind, an international payment system based on gold addresses both
\nthese issues.<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

The
\nlast one hundred years has seen the major western economies steadily dismantle
\nthe classic gold standard internationally, and replace it with a
\n"flexible" debt-based paper monetary system. We only have to look
\naround to see that this system has had far-reaching and destructive
\nimplications globally, on many levels.<\/o:p><\/span><\/font><\/p>\n


<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/p>\n\n\n\n
<\/td>\nIn
\nthe western world today, we have had 2-3 generations of people that don't know
\nor understand gold or silver, have no experience with the precious metals from
\na monetary perspective, and have absolutely no comprehension of their value.<\/span><\/font><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/o:p><\/span><\/font><\/p>\n

In
\nthe east however, the complete opposite is the case. The vast majority of the
\npopulation understand that gold and silver are the only real money, while paper
\nis just a promise to pay. Many are aware that the west has been able to simply
\nprint paper money and send it around the world to pay for its unquenchable
\nconsumer appetite for goods and services.
\n<\/span><\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

Islamic
\nNations have experienced and witnessed 1st hand currency crisis as result of
\nthe international US dollar policy. They have recognised that the US dollar
\nsystem has exported massive inflation, instability and unsustainable debt
\naround the world. Islamic oil producing nations are well aware that they are
\nexchanging a strategically important and diminishing asset for paper.<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

This
\nviewpoint is reflected in a public statement made in late 2001 by the Islamic
\nMint, when gold dinar coins were released in the seven Emirates of United Arab
\nEmirates from branches of Thomas Cook Exchange Company and the Dubai Islamic
\nBank, "because of the fundamental political consequences of the
\nintroduction of paper money instruments, the reintroduction of gold money can
\nbe expected to be an equally significant milestone in the changing tides of the
\nworld economic & social situation. . . there is no doubt that this work
\nputs behind it a century of suffering and defeat for Muslims and opens the
\ncoming age to a powerful and revived Islam."<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

While
\nit has gathered attention and support in recent years, the concept of using the
\nIslamic dinar as day-to-day currency and an international settlement instrument
\nis by no means a new concept, having its modern origins back in 1963. Some
\nobservers may claim that the driving force behind the re-introduction of the
\ngold dinar is religiously motivated, while others will argue that it is
\nstimulated more by an absence of any viable alternative.<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

The
\ngold dinar, and the Islamic banking model in general, has several
\ndistinguishing features. It is governed by strict religious laws and
\nprinciples, it has a clear implementation strategy, and importantly, is
\nnon-debt based (according to the Qur'an and the Hardith, the only lawful money
\nis non-usurious gold and silver).<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

At
\na time when the west is greatly increasing the regulatory requirements of
\nmoving money, under Islamic law, there is total freedom to buy, sell and
\npossess any quantity of Dinar. It has been said that money is like electricity
\nand moves through the path of least resistance.<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font>For
\ndecades, the west has been artificially lowering the gold price through selling
\nand leasing, in an effort to protect and manage a flawed and untenable paper
\nmonetary system. Meanwhile there is growing evidence that indicates eastern and
\nIslamic nations have been quietly accumulating. The gold from the west has been
\ntransferring east, which is going to have huge geo-political ramifications in
\ntomorrow's world.<\/o:p><\/span><\/font><\/p>\n

<\/o:p><\/span><\/font><\/p>\n

Source
\n: Anglo Far East<\/a><\/span><\/font><\/p>\n

<\/p>\n

\n

Fascinating Fact About Gold<\/font><\/b><\/p>\n


<\/font><\/p>\n


<\/font><\/p>\n

    \n
  • \n
    The most stable currency the world has ever seen. <\/font><\/div>\n<\/li>\n
  • \n
    Being
    \nrare, beautiful and unique, gold is treasured as a store of value for
    \nthousands of years, and it is considered as an important and secure
    \nasset. Paper currencies may come and go, but gold endures. <\/font><\/div>\n<\/li>\n
  • \n
    Despite
    \nfluctuating in price, gold is still preferred to currency because it of
    \nits real value or what is known as intrinsic value. <\/font><\/div>\n<\/li>\n
  • \n
    In
    \ngeneral, while most currencies and industrial commodities have general
    \ndeclined, gold has continued to maintain its log term value. <\/font><\/div>\n<\/li>\n
  • \n
    Gold
    \ncan be bought and sold anywhere in the world at any time. At this
    \nmoment, gold is still one of the most liquid assets in the world. It
    \ncan readily bought or sold 24 hours a day or more markets around the
    \nworld. <\/font><\/div>\n<\/li>\n
  • \n
    Gold is completely free of
    \ncredit risk and has always been secure refuge in unsettled times. Its
    \n\u2018Safe haven\u2019 attributes attract wise investors.<\/font><\/div>\n<\/li>\n
  • \n
    The
    \nmovement of the gold price is slower and more stable compared to others
    \ninvestment instruments, thus allowing it to act as a cushion against
    \nvolatility in the equity market. <\/font><\/div>\n<\/li>\n
  • \n
    Gold
    \nis the \u201casset of last resort\u201d. Throughout history, national currencies
    \nhas come and gone gut gold\u2019s value has remained remarkably stable. <\/font><\/div>\n<\/li>\n
  • \n
    Gold have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.<\/font><\/div>\n<\/li>\n<\/ul>\n


    <\/font><\/p>\n<\/blockquote>\n

    <\/o:p><\/span><\/font><\/p>\n

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