Gold as Asset Class and Finance Wisdom From King Solomon
by Marvin Dumont
Gold has been used as money for thousands of years. Our ancestors viewed it as universal and most reliable store of value compared to other commodities. Some civilizations considered it as metal derived from the gods.
Gold is an effective hedge during crises when the masses lose faith in politicians and governments. In a crisis, people want to protect their life savings through proven stores of value like gold and silver.
In the Old Testament, King Solomon (one of the wealthiest men in history) advised investors to allocate one-seventh or one-eighth of their personal fortune in the shiny metal. The purpose of 1/7 or 1/8 gold allocation was to create a diversified portfolio that can withstand feasts and famines. (The effectiveness of this “Solomon portfolio” as an all-weather fund has been verified by research at Brigham Young University.)
This month, Apollo Fintech launched the Gold Secured Currency (GSX) at http://gsxcde.com which is the world’s first growth coin that increases in value. It combines elements of an asset-backed coin, cryptocurrency and investment coin. The CDE site accepts PayPal and Swift bank transfers if you’d like to purchase GSX.
Apollo Fintech is developing world-shaping fintech solutions for a global economy. Its product categories include Government Solutions, Commercial Products and Consumer Products. Apollo Fintech’s new platforms and tools include National Currency System, Tax System, Commodity Exchange, Mineral Claims System, Government Bank Platform, White Label Payment System, Bank Network, Knox Exchange, DEX, Apollo Cash and Apollo Currency.
Learn more at aplfintech.com.