The founder and CEO of Karatbars International, Mr.H Seiz, started his finance profession in the 1980s, working in the real-estate and insurance industries. He later became an independent financial consultant, building businesses worth millions of euros. He firmly believes in the significance of precious metals as a solution to the inflation of the current fiat currencies, which led him to establish Karatbars International that helps investors gain access to assets and preserve as well as enhance their wealth.
In his book “The Future of Money” he provides exciting awareness into our financial system. He explains how the modern world is transforming fiat currencies. His theory is that the society will start moving more away from the fiat currencies and more into the cryptocurrencies. He believes that cryptocurrency as a means of exchange is more practical, logical and will be the universal currency in the coming years.
This is where his idea to combine the modern cryptocurrency with the classic gold was born, and Karatbars International believes in this as well. Mr. Saiz went ahead to develop a cryptocurrency that is secure and has a physical equivalent in gold, the Karatgold Coin (KBC).
Karatgold Coin was launched in March 2018 and is believed to be the currency of the future. It is generally less volatile than other cryptocurrencies because its value is tied to gold. As the price of gold moves, so does the price of this currency. It is affected by external influences such as the government or even the general public.
In the book, Mr. Seiz notes that many investors measure their wealth in cash, which has the disadvantage of losing value by inflation. Though a certain amount of inflation is not harmful to the economy, it can devastate the net worth of individuals. However gold’s value remains stable, it acts as a natural inflation hedge. As fiat currency inflates, gold becomes worth more of that currency. Mr. Seiz emphasizes a small investor who owns some Karatgold Coins has the same potential as an investor who has larger sums of money. This implies gold can help investors obtain the financial security everybody needs.
For more on the book “the future of money” visit Harald Seiz