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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Latest News

Spackman Entertainment Group’s Upcoming Musical Film THE BOX, Starring EXO’s Chanyeol, Scheduled To Be Released In The Spring Of 2021

  • Following the art film STONE SKIPPING, THE BOX is the next film production of the Company's wholly‐owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐chan
  • THE BOX will be EXO's Chanyeol's first lead acting role in a film
  • Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX is set to be screened in Korea in the spring of 2021
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SINGAPORE - Media OutReach - 3 March 2021 - Spackman Entertainment Group Limited ("Spackman Entertainment Group" or the "Company" and together with its subsidiaries, the "Group"), one of Korea's leading entertainment production groups, wishes to announce that its upcoming musical film THE BOX, produced by the Company's indirect wholly-owned subsidiary, Studio Take Co., Ltd. ("Studio Take"), is set to be released in Korea in the spring of 2021.


Following the art film STONE SKIPPING, THE BOX is the next film production of Studio Take, which was founded by veteran movie producer, Mr. Song Dae‐chan.

THE BOX is about the musical journey of an aspiring singer and a once popular producer.

Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX stars EXO's Chanyeol who plays the aspiring singer and Jo Dal Hwan who acts as the once popular producer. This is Chanyeol's first lead role for a Korean commercial film. Jo Dal Hwan is known for his role in SECRET HEALER (2016), TRAFFICKERS (2012) and THE CON ARTISTS (2014).


About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 by Charles Spackman, is one of Korea's leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world's fourth largest box office market in 2019, behind only North America, China and Japan.


The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL's wholly-owned Zip Cinema Co., Ltd. ("Zip Cinema") is one of the most recognised film production labels in Korea and has originated and produced some of Korea's most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema's motion pictures include some of Korea's highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com


SEGL also owns Novus Mediacorp Co., Ltd. ("Novus Mediacorp"), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.


The Company owns a 100% equity interest in Simplex Films Limited ("Simplex Films") which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including A BOLT FROM THE BLUE (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. ("Take Pictures") which produced STONE SKIPPING (2020) and shall release THE BOX and GUARDIAN (working title) in 2021 tentatively.


The Company owns a 100% equity interest in Greenlight Content Limited ("Greenlight Content") which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group's first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy horror film.


Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.


The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. ("Frame Pictures"). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea's most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

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