Karatbars International GmbH has proven to be a company that loves and believes in gold. In fact, the whole existence of the company is built on gold. It plans to restore the glory days of gold, to push it beyond what it is currently being used for.
This Company offers physical gold in small denominations to make it affordable to everybody and is in the process of establishing a complete ecosystem based to gold.
The CEO and founder of Karatbars, Harald Seiz, is also a long time admirer of gold and a seasoned gold investor. It is his love for gold that led him to establish a gold-oriented company.
Seiz believes that gold can serve more purposes than it currently does. One of his main goals is to make gold a more accessible asset that can be used as a method of payment and also as an investment using the unique abilities of blockchain technology.
Harald Seiz says that gold, as its history has shown, will never lose value or become useless. Even if all other commodities fail, gold will prevail.
The relationship between gold, government-issued fiat currencies, consumers, and the economy is one that will never change. Hence, gold will never lose its relevance, neither in this life nor in the next.
Why 2020 is the year for gold, according to the CEO of Karatbars
Now, Harald Seiz claims that, although it is always a good time to buy gold due to its inherent properties and characteristics, 2020 is actually an extraordinarily great year for gold. Investors should probably get their hands on as much gold as they can get.
As seen many times before, there are specific years in which buying gold proves to be a life-changing decision. And, according to Seiz, 2020 is such a year.
He stated that the biggest reason why investors should get hold of some gold is the outbreak of the Coronavirus. The fear and pandemonium caused by this outbreak are greater than just about anything we have seen in recent years, and it is arguably bigger than the threat posed by the Ebola virus.
According to Harald Seiz, the government is still clueless as to how to solve this pandemic, all the while the person sitting right next to you might be affected, without you or them even knowing about it. The world seems entirely unprepared.
Seiz thinks that it will take quite some time for the authorities to develop a cure, and, because of this, he expects that gold will make a massive leap in price.
Secondly, he pointed to the U.S. stock market that has been losing ground in what is looking to become its worst week in years.
He suspects that this is also a result of the Coronavirus as fears over the deadly disease have pushed the Dow Jones Industrial Average below 27,000 for the first time since October, and the full effect of this may become very visible soon.
Harald Seiz claims that, although gold has not risen as high as it was expected to, due to the global pandemic disease, the fact that we have watched the Dow go from 29,500 points to below 21,000 in less than a week is reason enough to know that the price of gold is going to rise if the stock market continues to deteriorate in the coming days, weeks, and months.
Furthermore, Seiz also said that the U.S. budget, which is an ongoing disaster, is a massive booster for gold, as the U.S. national debt is now at approximately $23.39 trillion and continues to climb exponentially.
He claims that any approach taken to service this debt will only prove to be beneficial for gold, as the government will need to either increase taxes and cut down on spending or debase the U.S. dollar, which will only result in a long-term tailwind for gold.
Harald Seiz also believes that the rise of Bernie Sanders as a candidate for the United States presidency is a piece of very welcoming news for gold. Sanders’s policy of taxing billionaires and taking on Wall Street isn’t exactly the remedy to the already nervous market.
Harald Seiz concluded by saying that these are just some of the reasons why gold is poised to do well in 2020.
Disclaimer: This content does not necessarily represent the views of IWB.