With his book, Cashgold vs. Diamonds and Real Estate Cashgold vs. Diamanten und Immobilien), Dr. h.c. Harald Seiz picks up on a hotly debated topic. Confidence in state currencies is dwindling and the population is afraid that cash will completely devalue and disappear. On the financial market there is talk of a real exodus to material assets, especially in real estate and diamonds. Not only is there uncertainty and doubt in Germany, but all over the world. The current low interest rate, as well as crises and wars, as well as the lack of confidence in the banking industry are contributing to the uncertainty among the population all around the world. Dr. h.c. Harald Seiz is the author of the book “Cashgold vs. Diamanten und Immobilien” (Cashgold vs. Diamonds and Real Estate) and founder and CEO of Karatbars International GmbH. In this book, he focuses on investments in diamonds and real estate. He deals with how people are seeking to move away from conventional investments and avoid the volatility of the markets. He addresses the various crisis currencies in physical form, draws comparisons and gives plausible reasons as to why people are opting for a way out beyond the conventional financial market. The focus is also on rising real estate prices and the associated insolvency of tenants, as well as the difficulties involved in financing real estate. The author of Cashgold vs. Diamanten und Immobilien (Cashgold vs. Diamonds and Real Estate) also dedicates a chapter of the book to trade and value, as well as the risk of real and fake diamonds.
Since Harald Seiz is a man of solutions, he finds a perfect transition to Cashgold. The final third part of the book Cashgold vs. Diamanten und Immobilien (Cashgold vs. Diamonds and Real Estate) deals with Cashgold, the microcurrency backed by real value with 24-carat fine gold. He goes on to explain the value of Cashgold and its appeal to investors who do not want to obtain their security through real estate financed by third-party loans, or with the risk of purchasing fake diamonds or diamonds of questionable origin. The message that the book conveys is that security is not a question of financial background. Anyone can afford Cashgold, since the value of the currency of the currency is fully backed by the proportion of gold it contains and the currency is also available in various denominations.
Bureaucracy, risks and financial losses in the diamond and property market
Diamonds and home ownership have always been regarded as a retirement provision and a protection against financial market crises, bank crashes and other external influences. Yet their capacities are limited and if one looks at the current real estate evaluations, it becomes quickly evident that real estate is overvalued by approximately 30%. For individuals, this means that they are investing more money in a security than it is actually worth in the first place. According to Seiz, one can also assume with virtual certainty that a real estate bubble will also occur in Germany. All the signs are pointing towards a real-estate bubble, says the author, referring to his many years of market observations. By contrast, in his book “Cashgold vs. Diamanten und Immobilien” (Cashgold vs. Diamonds and Real Estate), he explicitly describes Cashgold as a safe, needs-based and non-financed security for later in life. The advantage of Cashgold, whose story he also tells in his book, is based on its versatility. The product of Karatbars International GmbH is suitable as an investment and can also be put to use as a means of payment at any time. The author goes on to explain that security in times of crisis will become more and more important in the future, referring to history and the manner in which it repeats itself.
Of course, one can make provision by investing in real estate and diamonds. Yet fact of the matter is that neither real estate nor diamonds can be used to pay for food. Cashgold is much less complicated, as it functions like a regular banknote even if cash itself is merely a relic of bygone days of the financial system.