Shari’ah Standard No. 57: 1.8 Billion Muslims Invest In Gold
Dr. Raymond Youngblood, Jr.
Minerals Extractor | Created the Hybrid Currency | Paramount Chief | @YoungbloodIndustries | From Louisiana, USA
Written by:?Dr. Raymond YoungbloodJr., international gold miner and?Ms. Sheridzma Ladjabangsa, LL.B, international commodities broker?
1.8 Billion Muslims in the world as of 2015, roughly 24% of the global population according to a Pew Research Center. Islam represents the world's second-largest religion (after Christianity), it is the fastest-growing of the major religions. These facts demand serious respect from any provider.
IN THE NAME OF ALLAH, THE ALL-MERCIFUL, THE MOST MERCIFUL: All praise be to Allah, the Lord of all the worlds.?He bestowed His favors abundantly on us.
Consider this information?to be?valuable as a gold investor.?Understanding this process is essential as gold investments come in the form of:?
You will need this education to understand the many decisions you have to make to invest in institutions or individuals trading gold.?
Understanding Shari’ah Standard No. 57: During November 17-19, 2016 The Shari’ah Board in the Kingdom of Bahrain adopted The Shari’ah Standard No. 57 (on gold). This standard is the basis for trading gold and investment involvement with gold through financial persons and institutions. This medium is a memorandum to all Muslims now anticipating or has committed to investing in gold or silver. It is a variety of financial investment avenues, as explained under Shari’ah Standard.
The Shari’ah Standard No. 57 explains forms and types of gold investments parameters whether trading, owning, buying, contracting, leasing, storing, banking, mixing, loaning, blending, exporting, importing, exchanging, or using gold and silver.?
It is essential to understand this standard only pertains to?two precious metals, gold, and silver. It does not relate to Shari’ah rulings for currencies, which is governed by a separate standard.
Though gold and Islam have a long history, the various methods and formats of investing in gold in Islamic culture are still evolving. Gold, is one of the six Ribawi items (alongside silver, wheat, dates, barley, and salt) act as an everyday commodity relative to rules that apply, to prevent injustice or inequality between transacting parties.?
Dr. Raymond Youngblood, Jr. an international gold miner and Ms. Sheridzma Ladjabangsa, LL.B, an international commodities broker through this article and several more to come, wanted to educate the 1.8 billion Muslims debating about whether gold is a commodity that should be a part of their future. Muslims have to seriously consider if gold should be apart of their retirement, and their investment portfolio. The majority of the world finds gold as the most dominance of currencies and the safest of all commodities. This way of thinking makes this decision by Islam, paramount.
Youngblood and Ladjabangsa want You, the gold investor, through the guidance of The Shari’ah Standard to:
Gold Compared Is In Such High Demand: Dr. Youngblood an extractor of minerals and Ms. Ladjabangsa, a broker of metals we provide facts that allow you to manage, create, and expand your gold investment portfolio wisely.??
Shari’ah Standard permits Muslims to invest in the precious metal, but it is equally important for people to know that gold is not unique to the Muslim community. It’s just new in Shari’ah Standard governing the investment of gold.?For centuries through, many empires Muslim miners, brokers, jewelers, and traders have been among the best on the planet. From the long walks to the camel to the border highways now lending itself to financial products and international exchanges. Islam influence has superseded trade across Africa and Europe to America’s and Asia.?
It is crucial to help you understand why gold is so valuable, so useful, so desirable. To understand why the cost can fluctuate and impact financial products.?Other than iron/steel, aluminum, and copper which are all contributors to the rise of industrial nations, gold is still the most popular of the metals. Gold, unlike all other investment product, is a “do” or “don’t,” “can” and “can’t” product. When you are considering your investment in gold, consider these two factors:
Gold Importance To Society: Gold is:
Gold has lots of uses that are in demand.?Old and new discoveries of Gold uses made it viable as a manufacturing component, in whole or in part.?When you think of gold malleable ability, strength, and conductor capabilities its easy to understand gold wiring or computer chips, plasma tv, microwave oven, medical devices, automobile systems, jewelry, orthodontic appliances, etc.
Gold is used in dentistry because it is chemically inert, non-allergenic, easy for the dentist to shape, and anything using wire or heat or electricity, etc. Regarding future gold research and developments aimed towards aerospace for its mechanical parts, nanotechnologies in virtual display technologies, and to advance flash memory devices. Its uses expand to awards, medals, and status symbols of the highest achievements (such as the Olympic Games, Academy Awards Oscars, etc.). It is the ultimate metal for most religions and faiths. Forensic science criminal investigation techniques use gold. People consume small amounts of gold for health benefits, cancer, arthritis, and healing properties for the skin. Glass making, climate control, reflection, solar radiation. Gold leaf spans as thin as a few millionths of an inch thick, picture frames, furniture, molding, and buildings structures. Once used gold is rarely replaced and if so, it's with another precious metal.
Also, within the same category, gold jewelry has played an enormous part in all our lifestyle, in that people are buying gold as a lavish accessory, as an investment, or in the form of inheritance. As reported in 2015, in the over-all gold demand perspective, jewelry is estimated to take about 50% of the demand, and such percentages continuously grow year after year.
In the field of medicine, gold components have played a progressive role.?As of the present, nano-particles of gold is used as a perfect component for diagnostic testing, to treat paralytic patients, and currently studied to be a possible cure for cancer.?For future study, gold is shown to be a potential in implantable electronics that can detect potential health problems through the person’s vital signs and daily activities.
Catalytic converters which can help reduce the impact of the motor vehicle significantly improve the environment, which is estimated to be at 1.2 billion as of 2014 and to be 2 billion by the year 2035, on earth. It is also recognized as an increasingly important component as the alternative to fossil fuels, renewable energy, and is currently being studied, along with palladium (precious metal often used with gold) to catalyze producing clean groundwater.
Since the dawn of time, gold has been the dependable currency to measure the wealth of individuals and a nation. Precious metals have historically occupied a place in an investor’s portfolio.?Today, interest in gold is higher for a few good reasons: (1) sluggish and weak global economic growth; (2) increased geopolitical risks and wars; and (3) loss in the purchasing power of most global currencies (devaluation) owing to liberal monetary policies.
Aside from individual investors banks and governments buy gold.?Since 2008 financial crisis central banks are reportedly stockpiling the precious metals.?Its reported since 2008 until September of 2016, the reserves of central banks have increased by 2,800 tons (9.4%).?Since Gold as a useful store of value, it can protect portfolios against market turbulences and corrosive effects of inflation.?
As the uses progressively expand, gold can be categorized to include other potential manufacturing, industrial, medicinal or scientific developments in the future.?If you own gold, you must understand the facts. Replenishing the gold supply can only be done with more extraction (exploration and mining). Mining and exploration grow more expensive and complicated. Gold is not a plant and cannot be replanted. Gold cannot be produced in a lab (though many people are trying). The gold supply is growing intense to supply.?All these factors can only make the gold you own to become rarer and much more valuable.?
Extracting Effects On Pricing Financial Products: How miners remove the gold from the field ultimately affect the price, you will pay for gold investment products. Mining can take place above or under the ground, tunneling the side of a mountain, underwater, etc.?The weather and environment of hostility make a considerable impact on the production time and cost. These extraction methods will determine how much you pay on the open market. Rerouting gold through any broker, trader, or middlemen increases the price significantly.
Many small-scale miners can extract at the production cost of $8+ to $16+ per gram, mid-scale (junior) miners from $20+ to $32+ per gram and those large scale listed on stock exchanges $30+ to $46+. To smelt or refine, an expert needs to generate heat to 1064.18?°C (1947.52?°F).?This process also bares expenses. 24 karats only mean 99% purity and any other additional 99 or 999 or 9999 or 99999 or 999999 is just a marketing ploy. It is this process that leads to being utilized as different products.?
领英推荐
A great many institutions will offer you an array of gold products.?You must choose what is best for your investment portfolio. Futures (yet to be extracted) gold value will make up the most significant portion of the gold investment products (meaning no gold-in-hand). Some institutions will offer you “certificates” otherwise known as paper gold.?A paper certificate states you have ownership of gold somewhere in a vault. Many of these companies face legal lawsuits for not having a single ounce of gold. Those offering “physical” gold-in-hand through bars, coins, or jewelry (American version is jewelry) raise concerns of fake or misrepresented minting practices. No matter what you choose to do, ensure that the institution is trustworthy and can deliver on their promise.?
These five steps are essential for you to understand because this is the process gold and other precious metals go through before it becomes a financial product, a coin, a bar, jewelry, use in medical devices, illnesses treatment, electronics, or currency.?To remove the gold from the earth into your hands requires a process of:
1. “Assembling key experts” (miners, scouts, security, engineers, geologists, investors, project managers, international experts, accountants, lawyers, etc.).
2. “Exploration” meaning a process to search for gold in the ground, inside mountains, and underwater to identify how much and how difficult it would be to (extract/mine) remove the gold.?
3. “Mining (extracting)” means a process of extracting the gold from identified exploration locations through methods of an open pit (basically a hole in the ground), tunnels, or dredging (similar to vacuuming earth from water sources).
4. “Processing” meaning the removing fo gold from rocks and dirt after mining.
5. “Smelting or refining” the process of removing unwanted impurities from the gold using extreme heat and chemicals.?
The exploration and mining processes are critical because they directly relate to jobs, operational shutdowns, protest and riots, conditions of operations, fuel cost, extraction costs, processing costs, refining costs, and the list goes on and on. Include the greed factor of the institution selling you the financial product determines your investment cost as it affects the return on investments. Considering majority of the organizations are own by westerns the factor of Christianity vs. Islam may play a role in customer service.
1.8 billion potential new gold investors will come online for companies offering gold financial products. These companies are not likely to be directly connected a gold source.?Many of their products will have no basis or gold security.
Other than mining recycling jewelry, salvaging gold from electronics and medical devices is another way to bringing gold back into the system for your investments. Companies that mine gold will also receive by-products from extracting gold. By-products are secondary minerals (silver, platinum, etc.) attached to the gold and these by-products can be just as valuable as the gold not likely shared with you as an investor.
Conclusion: Since gold under Shari’ah Standard is one of the six Ribawi items, that means it must be traded immediately, which?rules?out a trade for future value or speculation. Gold used as currency or personal use, causes the issue of gold as a traded commodity? With this said, many wealthy Muslims have desired gold as wealth. Muslims in the past dominated the international gold trade. So many have long awaited Shari'ah Law clarity for investments. The company you choose must offer clarity in brokering services, mining equities, certificates, certain futures, ETFs, retirement plans, etc. With a critical ingredient of Shari’ah Standard, physical gold must play a key role as gold standard drafts, holding gold in derivative contracts, ETF’s, investment accounts, and Islamic bonds.?
Muslims, are expected to invest $2-$3 trillion US dollars in some gold product. Standard and Poor’s estimates by 2020, this adaption by Shari’ah Standard could reach $5 trillion.?
The countries expected to benefit the most are United Arab Emirates, Indonesia, Bahrain, Qatar, Saudi Arabia, Malaysia, Turkey, Kuwait, and Pakistan.?We know that Islam and Shari’ah Standard expand past these countries into Sudan, Uganda, Indonesia, USA, UK, Egypt, India, Europe, Nigeria, and worldwide.
Over the centuries gold has proven a wealth preservation asset that Islamic investors can now deploy to protect their wealth and diversify market risks. We know that you have heard this a thousand times. During times of global uncertainty, gold is the traditional safe-haven for investors seeking to protect their wealth when your assets need more resiliency against economic pressures and downturns.
What you’ve learned in this article is not from your average writers. You are receiving the best of both worlds. The combined experience from Dr. Youngblood a gold miner and Ms. Ladjabangsa, a commodities broker. We ask that you invest smartly by learning as much as you can.
Written by: Dr. Raymond Youngblood, Jr., International Gold Miner (YoungbloodIndustries.Com) and?Ms. Sheridzma Ladjabangsa, LL.B International Commodities Broker
And to help you further, even the world-renowned investors have their say about the Gold.
Alan Greenspan (Former U.S. Federal Reserve Chairman), February 2017 with WGC. "Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”
Dr. Ron Paul (Former U.S. Congressman), April 23, 2017, on Bloomberg. "There is a lot of deception out there on currencies, and paper money is the culprit. When the price drops, I am buying."?
Paul Singer (Founder of Elliott Management Capital), November 2, 2016?"Given the market gyrations that have accompanied each of the Fed's previous attempts at hiking policy rates over the last few years, now would seem to be an inopportune time to abandon the only actual safe haven that investors may reach for as an alternative to the really bad deal offered by fixed income instruments given current pricing.”
John Paulson (Founder of Paulson & Co, with a current net worth of $7.9B) July 17, 2013, on Forbes "If you’re looking for a hedge against potential inflation in the future and have a longer-term view, gold is an important part of anyone’s portfolio…"?
David Einhorn (Greenlight Capital Hedge Fund Manager) on May 21, 2016 "So you see fiscal deficits around the world expanding because the debt service costs seem so low. And that’s true at the state level, the country level, these pensions and at these national and international levels. And what happens is we’ve essential become pinned where they have to keep rates low in order to prevent a government bond crisis.?And so the result of this eventually, I think, is that sooner or later one of these guys will go too far and the market will be bigger than the authorities are able to control, one of these situations. And when that happens, I think we’re going to want to own a bunch of gold."
Peter Schiff (CEO of Euro Pacific Capital) "Traders are bearish on gold because they’re bullish on the dollar, and they believe the Fed’s going to raise rates. When they realize that they’re not, and they have to rush to unwind these short trades and get back out of the dollar,?if you thought gold went up when the Fed did QE1 and QE2, wait until you see what’s going to happen when they do QE4.?So with all these central banks promising to destroy the value of money over time,?what are you going to do to preserve your wealth??People are going to turn to gold,?in a big way, all around the world."
Stanley Druckenmiller (Hedge Fund Legend, net worth of $4.7 Billion USD) on Sohn Investment Conference in New York “Gold remains our largest currency allocation.”
George Soros (Investor, Net worth of 25.2 Billion USD)?on an email to Wall Street Journal. "I stepped-up purchases of gold because I believe that continued weakness in China would keep global inflation rates around the world dangerously?low. China continues to suffer from capital flight and has been depleting its foreign currency reserves while other Asian countries have been accumulating foreign currency."?
#Youngblood #YoungbloodIndustries #YGBHybridCurrency #HybridCurrency