dollarcollapse.com / by John Rubino / June 9, 2015
The splash that BitGold made recently by buying GoldMoney led many (including this writer) to assume that the Canadian start-up was pioneering the gold-backed currency space. But it turns out that Peter Schiff’s Euro Pacific Bank already allows non-US customers to buy gold and/or silver, store it for free with Australia’s Perth Mint, and then use a debit card to spend it.
Among Euro Pacific’s claimed advantages:
Unlike physical bullion, the wealth in this account is totally portable: “Clients maintain access to their purchasing power despite whatever local capital restrictions or government controls may be imposed. If you want to leave the country there’s no need to travel with physical metal holdings when card access is available,” says Schiff.
It allows clients to create their own personal gold standard without waiting for their governments. And they can do so “in complete privacy.”
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