GSB Gold Standard Banking, Josip Heit and The Value of Gold

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HAMBURG, GERMANY – NEWSAKTUELL – 5 Aug 2020 – The DAX (abbreviation for Deutscher Aktienindex, it measures the performance of the 30 largest (in terms of free float market capitalization) most liquid companies in the German stock market) and is in the middle of the week (Wednesday, August 5, 2020), within striking distance of a new record high, especially gold, probably the most beautiful precious metal, which has been used for thousands of years for ritual objects and jewelry and since the 6th century B.C. as a means of payment, is testing out completely new peak regions in terms of value.

On Wednesday morning, the price reached a new high of 2034 dollars, after the quotation had only cracked the 2000 dollar mark yesterday evening (04.08.2020). Since the beginning of the year, the precious metal has thus gained about a third in value.

 

 GSB Gold Standard Banking, Josip Heit and The Value of Gold

Gold, like silver, is considered a crisis-proof and stable investment. In view of unprecedented rescue measures by central banks, confidence in common fiat currencies is declining in this context.

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The environment of low interest rates, rising debt, fears of recession and a continuing depreciation of the US dollar could hardly be better at present, states Josip Heit, as Chairman of the Board of Directors of GSB Gold Standard Banking Corporation AG, based in Hamburg.

 

Gold, like silver, is considered a crisis-proof and stable investment. In view of unprecedented rescue measures by central banks, confidence in common fiat currencies is declining in this context. Fiat money from the Latin word “fiat”, however, has nothing to do with the well-known automobile company, but is an object without intrinsic value that serves as a medium of exchange. The opposite of fiat money is commodity money, here for example tobacco, rice, or even gold and silver, which besides the external exchange value also have an internal value, this completely independent of governmental decrees.

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Only recently, the heads of government of the European Union (EU) agreed on a 750 billion euro package of corona aid, by 2027, an unimaginable 1.8 trillion euros are to be distributed at the taxpayers’ expense, whereby one must remember that 1000 billion (1,000,000,000,000) is one trillion, i.e. a number with 12 (twelve) zeros, here it is almost double.

 

According to Josip Heit and thus the GSB Gold Standard Banking Corporation AG, the currently weak US dollar is playing into the cards for gold as well as the falling interest rates on the bond market, especially in view of the numerous recent increases in government bonds with negative yields, which for the first time since March 2020 have risen to more than 13 (thirteen) trillion US dollars.

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In the medium term, according to an analysis by Gold Standard Banking, the focus should therefore shift more towards inflation. So far, inflation has not yet started – due to weak demand – although the central banks are already taking massive countermeasures.

In Josip Heit’s view, a proverbial “look in the economic rear-view mirror” shows that periods of weak price development and deflation were followed by phases of highest inflation.

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The only open question is whether the global economy will recover from the corona shock in the foreseeable future as hoped. In the very long term, therefore, gold should maintain its strength and probably rise rapidly above the record high of USD 1,921 in 2011.

 

The currently broader base of investors (buyers) interested in gold also means that many investors are betting on gold, the lower the real yields are and the weaker the world’s leading currency, the US dollar, the more attractive gold is. If you look at very long-term periods and take into account the change in price levels, gold has always maintained and increased its value, which is something no currency can claim at present.

 

The demand for gold bars and gold coins has even doubled in the first seven months of this year 2020, according to an evaluation by GSB Gold Standard Banking Corporation AG, compared to the same period last year. This is reported by the World Gold Council, the organisation of the gold mining industry, to a certain extent the highest statistical authority of all gold investors.

 

In a transparent way of its economic activities, Josip Heit and GSB Gold Standard Banking Corporation AG are taking this as their starting point. Because if you buy gold in small denominations on the web (Internet) or via app (abbreviation for application, i.e. application software for mobile devices), you could, for example, use a credit card company, which, however, can be reimbursed for each individual transaction.

 

A system created by GSB Gold Standard Banking Corporation AG, based on a block chain (a continuously expandable list of data records, called blocks, which are linked together by cryptographic methods), makes the payment process much more secure and this directly, without transaction costs between seller and buyer.

 

With this revolutionary idea, Josip Heit and GSB Gold Standard Banking Corporation AG will make the crypto financial market more secure and revolutionize it in many ways. GSB Gold Standard Banking Corporation AG is committed to a transparent financial market. Following this credo, Josip Heit has long been calling for sustainable regulation.

 

At the turn of the year 2019/2020, the German Federal Government has put as first regulatory measure – block chain and token – under supervision of the Federal Financial Supervisory Authority (BaFin). As a German public and federal institution with legal capacity, BaFin is subject to the legal and technical supervision of the Federal Ministry of Finance.


When using block chain technologies, the existing regulatory framework is the responsibility of the BaFin, provided that the parties involved are subject to the supervision of the BaFin. Josip Heit fully supports and welcomes this with GSB Gold Standard Banking Corporation AG and at the same time pleads for a sustainable regulation of digital assets.

GSB Gold Standard Banking, Josip Heit and The Value of Gold

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GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur

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Camera function - front and rear cameras


GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur


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GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur


Powerful cameras need equally lasting battery and storage space. The TECNO CAMON 17 Pro has enough space for just about anything with 256GB ROM + 8GB RAM whereas the Samsung A51 and the Redmi Note 9 Pro has only 128GB ROM + 6GB RAM respectively, which is half of what the TECNO CAMON 17 Pro can store.

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GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur


When it comes to visual real estate, size does matter. Amongst the three smartphone models, the Samsung A51 offers the smallest screen real estate, a 6.5 inches full HD screen while the Redmi Note 9 Pro and TECNO CAMON 17 Pro have bigger screens at 6.67 and 6.8 inches, respectively. Here, the TECNO CAMON 17 Pro does have an edge over the rest and what's more, the 90Hz smooth refreshing rate of TECNO CAMON 17 Pro enable the users never worry about any animation rolling issues on the phone, the 90 Hz super-high refreshing rate offers a smooth, snappy and refreshing experience. The CAMON 17 Pro's full HD mobile phone provides the user with more ease in controlling as well as a more comprehensive view of the mobile games and videos on the phone. Additionally, the TECNO CAMON 17 Pro has an operating system of Android 11 whereas the Samsung A51 and Redmi Note 9 Pro are only at Android 10.

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The consumers nowadays are very savvy in understanding the technology and features that goes into each smartphone model. One of these considerations is the camera capabilities and the supporting software. TECNO CAMON 17 Pro clear winner with a 48 MP front camera, while both the Samsung A51 and Redmi Note 9 Pro cameras are at 32 MP and 16MP respectively, hence allowing the user of TECNO CAMON 17 Pro to capture selfies with quality that is comparable to even rear cameras on some smartphones. Considering the rear camera, TECNO CAMON 17 Pro and Redmi Note 9 Pro are equipped with 64MP rear ultra quad camera, while the Samsung A51 maxes out at 48MP.

What is more fascinating is that the TECNO CAMON 17 Pro comes with trademarked TAIVOS technology, which stands for TECNO AI Vision Optimization Solution. It provides users with extremely good visuals, even in low-light environments. TAIVOS can blur out the clutter in the background and optimize image clarity, thereby enhancing night photography effects. Therefore, making it difficult for other mobile phones to bring users a brighter experience in dark environments. The TECNO CAMON 17 Pro is great for anyone who loves to take selfies as keepsakes. The CAMON 17 Pro's front cameras are just as outstanding as its rear – TECNO is a pioneer in this industry with a 48MP front camera. The functions of TECNO CAMON 17 Pro are smoother than similar products with both multi-camera and AI camera modes, providing breath-taking visuals.

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GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur


Powerful cameras need equally lasting battery and storage space. The TECNO CAMON 17 Pro has enough space for just about anything with 256GB ROM + 8GB RAM whereas the Samsung A51 and the Redmi Note 9 Pro has only 128GB ROM + 6GB RAM respectively, which is half of what the TECNO CAMON 17 Pro can store.

In addition, the TECNO CAMON 17 Pro has an enormous 5000mAh battery so you do not need to worry about your phone not being able to function when you need it most. The Samsung A51 has a smaller battery whereas the Redmi Note 9 Pro has a slightly bigger battery of 5020mAh, but that difference is negated by CAMON 17 Pro's flash charging technology as the phone's battery can be charged faster. And the 33W fast charger of CAMON 17 Pro enable a quick charge of up to 70% in just 30 minutes, which is an upgrade compared to the 15W charger of the Samsung A51 and 30W charger of Redmi Note 9 Pro.

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GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur


When it comes to visual real estate, size does matter. Amongst the three smartphone models, the Samsung A51 offers the smallest screen real estate, a 6.5 inches full HD screen while the Redmi Note 9 Pro and TECNO CAMON 17 Pro have bigger screens at 6.67 and 6.8 inches, respectively. Here, the TECNO CAMON 17 Pro does have an edge over the rest and what's more, the 90Hz smooth refreshing rate of TECNO CAMON 17 Pro enable the users never worry about any animation rolling issues on the phone, the 90 Hz super-high refreshing rate offers a smooth, snappy and refreshing experience. The CAMON 17 Pro's full HD mobile phone provides the user with more ease in controlling as well as a more comprehensive view of the mobile games and videos on the phone. Additionally, the TECNO CAMON 17 Pro has an operating system of Android 11 whereas the Samsung A51 and Redmi Note 9 Pro are only at Android 10.

So which phone would you prefer after reading the comparisons? After our comparisons, the TECNO CAMON 17 Pro stands out for the young, adventurous generation that is looking for a phone that can not only perform the basic functions well, but also have additional tools that add so much value to a phone. Redmi Note 9 Pro performed slightly worse in the front camera, fast charger and the screen, which could be a second choice with limited budget, while Samsung A51 stands out with its brand impact, and with no other obvious strength.


GSB Gold Standard Banking, Josip Heit and The Value of Gold - Brand Spur
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