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Gold Could Explode Higher as Precious Metals Become Shariah Compliant

Commodities / Gold and Silver 2016 Apr 14, 2016 - 04:53 PM GMT

By: Jeff_Berwick

Commodities

You won’t find any mainstream articles on the Jubilee Year’s secret timeline for financial ruin. Hell, you won’t even find alternative media articles on it – except here at TDV. But that doesn’t mean people aren’t aware of what’s going on. In this case, the top money men in the Middle East are racing to get gold approved as a Shariah compliant asset.

You can bet the smart Middle Eastern money is getting ready to hit the yellow metal hard. The demand may contribute to the gold market’s already significant buoyancy this year – as Middle Eastern buyers jump into considerable tonnage as soon as possible.


Middle Eastern sheiks are well aware of what’s “going down” in this year of destruction.  They actually have a front row seat to it.  And, they are surely eager to realign financial vehicles around gold and potentially silver.

Yes, they know the reality of 2016: What’s going to be left standing when the Jubilee dust clears? Precious metals, child.  Precious metals.

From Bloomberg:

“Shariah-compliant gold demand may be `hundreds of tons’  …  Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed.  “We are almost there” with a final proposal, said Mohd Daud Bakar, a Shariah scholar who is writing the draft for the Accounting and Auditing Organisation for Islamic Financial Institutions, the Bahrain-based industry group that sets Shariah standards in finance.”

SHARIAH FINANCE: WHAT IT IS

Shariah finance is non-interest based finance. It’s religiously unacceptable to extract interest from others if you are a Muslim – that’s usury, also known as riba. So financial instruments have to be tailored to Islamic communities to ensure that they are not in violation of the Koran.

Shariah compliant gold investing will be configured so no precious metals are borrowed, loaned out or earn income.  Thus the investor – consumer or institutional – will be confident that the actual gold holding consists of physical precious metals. The bars will be numbered and noted. The only profit to be earned will be based on the value of gold moving up. This will involve physical precious metal purchases, but ETFs can be structured similarly and already have been.

The Bloomberg report quoted above indicates the committee formed to develop the Shariah standard is moving fast. It will “meet once more next Sunday and then submit the proposal to AAOIFI’s Shariah Board.” The physical gold backing is the most important aspect and disqualifies COMEX gold futures. However, the Singapore gold contract will qualify as Shariah compliant, according to the Bloomberg analyst.

Bloomberg quotes Natalie Dempster, a managing director of the World Gold Council, as saying: “Hundreds of tons of new demand could be created.” Right now  Shariah buyers “can only invest in real estate, Islamic bonds and some stocks.”

The Shariah standard is said to be set for public hearings later this year in Morocco and Dubai and maybe Indonesia or Malaysia.

By then, given what’s going on, gold should be moving briskly against fiat’s defaulting currencies. Even if central banks do manage to prop up fading currencies, precious metals purchases should continue strong. How are banks around the world going to control their vast debts? They can’t. Italian banks are going under right now. Italy itself may soon follow. And Greece too. Sovereign debt is increasingly unmanageable.

It’s all part of the Jubilee plan, and if you haven’t read about, well … you should.

PLEASE EDUCATE YOURSELF ABOUT JUBILEE 2016 AND ITS DESTRUCTION

The ONLY place to find out about it is HERE, where I’ve placed our latest viral video. And HERE, where we’ve written a free White Paper on specific actions you can take and more information on the secret elite timeline to thoroughly disassemble the world’s middle-class wealth in 2016. They’re putting everything  in place.

Best case for us, they’ll wait a while before triggering general destruction. But that’s what is on their minds. Out of chaos… order. A “new” order. Nothing like having a bunch of psychopaths running the planet, eh?

As we pointed out just yesterday people “get it” whether or not they know about the details of Jubilee. They can see the banks are cratering, that jobs are dying, that price inflation is rising. The reality of the 2016’s terminal dysfunction is hitting them between the eyes. In Asia they line up for blocks to buy gold if they think they can get it at a discount. And in only a few days, China is going to start setting a formal price for gold.

According to reports, top Chinese banks and gold miners, along with the world’s biggest retail jeweler, will comprise an initial 18 members that will support China’s new yuan-denominated gold benchmark. Two foreign banks are going to be involved as well. The new pricing mechanism will begin on April 19th.

There’s push-back from the West – New York and London. That’s where the price of gold and silver has always been rigged – er, set. But China is threatening to push foreign banks out of domestic markets if they don’t honor the new prices, at least in Asia.

Meanwhile, major mining stocks – as we noted yesterday – are up  an incredible 100% in the last three months.  And gold jumped 16.4% in the first three months of 2016, its strongest quarterly showing since the third quarter of 1986.

MEET ED BUGOS, TDV’S MAD METALS GENIUS

Here at TDV, our gold portfolio is up over 50 percent. Our resident metals market genius, Ed Bugos, is regularly making picks that are doubling and tripling in price. His leveraged gold stock pick, NUGT, is up nearly 200 percent in a couple of months.

If you want to track Ed’s successful picks and other TDV investment suggestions, please subscribe to our newsletter HERE.

Of if you’d prefer to watch a series of video presentations from people like Ed Bugos on not only why to invest in this sector but what to invest in, this video library is a must-see (click here to view).

Now that they can invest in gold in the Middle East, we’ll probably start to get more sheiks as subscribers.  We’ve already got numerous billionaire Middle Easterners who follow Ed’s every word.

Aside from stock picks, they benefit from his general market and metals analysis. That’s delivered at least twice a month in the newsletter plus special reports as needed. I consider Ed the best in the business. His results show it and if you read his commentary, I’m sure you’ll agree.

Gold is about to go back on the big stage… after a few years of every major investment house telling you it’s just a sideshow and a bad investment. In fact, generally speaking, you’re not going to hear about gold until the mainstream media can’t avoid reporting on it. Of course,  they’ll have to say something as it continues to ascend.

But once they start to comment, they’ll report on the price action as a “bubble” and explain it is too late to buy. In the meantime banks will be closing, fiat currencies collapsing and the Greatest Depression roaring forward. Good for those who have bought by then. And too bad for everybody else.

Fortunately, if you are reading this, you aren’t likely the type to listen to the propaganda.  Wealthy Middle Easterners certainly aren’t.  Nor Asians.  Europeans are slowly waking up.  Americans will be the last to wake up, and by then it will be too late.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

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