Gold Dinar

Clearly,
when considering monetary systems, stability is an important issue, but equally
important, and one that is often overlooked, is the issue of justice. In many
peoples mind, an international payment system based on gold addresses both
these issues.

The
last one hundred years has seen the major western economies steadily dismantle
the classic gold standard internationally, and replace it with a
"flexible" debt-based paper monetary system. We only have to look
around to see that this system has had far-reaching and destructive
implications globally, on many levels.

In the western world today, we have had 2-3 generations of people that don't know or understand gold or silver, have no experience with the precious metals from a monetary perspective, and have absolutely no comprehension of their value.

In
the east however, the complete opposite is the case. The vast majority of the
population understand that gold and silver are the only real money, while paper
is just a promise to pay. Many are aware that the west has been able to simply
print paper money and send it around the world to pay for its unquenchable
consumer appetite for goods and services.

Islamic
Nations have experienced and witnessed 1st hand currency crisis as result of
the international US dollar policy. They have recognised that the US dollar
system has exported massive inflation, instability and unsustainable debt
around the world. Islamic oil producing nations are well aware that they are
exchanging a strategically important and diminishing asset for paper.

This
viewpoint is reflected in a public statement made in late 2001 by the Islamic
Mint, when gold dinar coins were released in the seven Emirates of United Arab
Emirates from branches of Thomas Cook Exchange Company and the Dubai Islamic
Bank, "because of the fundamental political consequences of the
introduction of paper money instruments, the reintroduction of gold money can
be expected to be an equally significant milestone in the changing tides of the
world economic & social situation. . . there is no doubt that this work
puts behind it a century of suffering and defeat for Muslims and opens the
coming age to a powerful and revived Islam."

While
it has gathered attention and support in recent years, the concept of using the
Islamic dinar as day-to-day currency and an international settlement instrument
is by no means a new concept, having its modern origins back in 1963. Some
observers may claim that the driving force behind the re-introduction of the
gold dinar is religiously motivated, while others will argue that it is
stimulated more by an absence of any viable alternative.

The
gold dinar, and the Islamic banking model in general, has several
distinguishing features. It is governed by strict religious laws and
principles, it has a clear implementation strategy, and importantly, is
non-debt based (according to the Qur'an and the Hardith, the only lawful money
is non-usurious gold and silver).

At
a time when the west is greatly increasing the regulatory requirements of
moving money, under Islamic law, there is total freedom to buy, sell and
possess any quantity of Dinar. It has been said that money is like electricity
and moves through the path of least resistance.

For
decades, the west has been artificially lowering the gold price through selling
and leasing, in an effort to protect and manage a flawed and untenable paper
monetary system. Meanwhile there is growing evidence that indicates eastern and
Islamic nations have been quietly accumulating. The gold from the west has been
transferring east, which is going to have huge geo-political ramifications in
tomorrow's world.

Source
: Anglo Far East

Fascinating Fact About Gold

• The most stable currency the world has ever seen.
• Being
  rare, beautiful and unique, gold is treasured as a store of value for
  thousands of years, and it is considered as an important and secure
  asset. Paper currencies may come and go, but gold endures.
• Despite
  fluctuating in price, gold is still preferred to currency because it of
  its real value or what is known as intrinsic value.
• In
  general, while most currencies and industrial commodities have general
  declined, gold has continued to maintain its log term value.
• Gold
  can be bought and sold anywhere in the world at any time. At this
  moment, gold is still one of the most liquid assets in the world. It
  can readily bought or sold 24 hours a day or more markets around the
  world.
• Gold is completely free of
  credit risk and has always been secure refuge in unsettled times. Its
  ‘Safe haven’ attributes attract wise investors.
• The
  movement of the gold price is slower and more stable compared to others
  investment instruments, thus allowing it to act as a cushion against
  volatility in the equity market.
• Gold
  is the “asset of last resort”. Throughout history, national currencies
  has come and gone gut gold’s value has remained remarkably stable.
• Gold have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.