The Gold Dinar

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The Gold Dinar
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The Gold Dinar

• GENERAL
• Our Motivation To Provide An Alternative
  Compliment NOT to Discredit, Destroy
  and/or Express Hate. This is THE FINAL
  LEG to Remove Riba.
• Our Approach Gradualism and Persistent
  Education of Governments, Bankers the
  Public
• Planning Horizon At Least 10 Years

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Gold DinarRole of The Commercial Banks

• Develop Easy to Apply Systems Procedures. Try
  to Minimize Bureaucracy of Central Bank
  Involvement.
• Use Islamic LaRiba Banking Windows.
• Identify Those Customers That Believe in The
  LaRiba System and Who Are Willing To Sacrifice
  and Take Measured Risk, IF NECESSARY, In Order To
  Achieve Success Credibility of the System.
• Develop Strategic Alliances of Islamic Banks in
  The Countries Involved.
• Explain the Benefits Educate Customers

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Gold Price HistoryThe Politicization of Gold
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How Much Gold Needed To Buy A House in America?
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How Much Gold Needed To Buy Rough Rice (CWT
Hundred Wts.)?
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How Much Gold Needed to BuyOne Pound of Live
Cattle
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How Much Gold Needed To Buy A Barrel of Oil ?
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How Much Gold Needed To Buy Natural Gas (1 Mill
BTU)?
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The Gold Dinar

• Role of The Banks Bankers
• Implement Small Scale Pilot Programs for
  Businesses.
• Use Gold Dinar Equivalents in Quoting and
  Reporting Prices
• Implement Small Scale Pilot Programs for Retail
  Buying A Car A Home in Terms of Ounces of Gold.
  Savings in Terms of Ounces of Gold.
• Educate Public

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The Gold Dinar

• Role of Imams Religious Leaders and Teachers
• Meaning of Riba as Compared to Riba-Free.
• Transacting in Fiat Money is Haram, If Can Be
  Removed, By Shariaa Stipulation
• Explain the Stage-Wise Approach to be Used to
  Shift Over to Gold Dinar.
• The History of Gold As A Currency the
  Bimetallic System of Islamic Currency.
• Saving Transacting in Dinar as the Final Leg to
  Contrast Riba with LaRiba.

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The Gold Dinar

• RESEARCH STUDY HISTORY!
• Who Does Not Learn from Lessons of History is
  Condemned to Repeat Them
• Understand The History ofMono-Metallic,
  Bimetallic, Symmetalic and Commodity Reserve
  Currency Systems Reasons Used to Change Over.
  Bimetallic Movement and How It Died Down in
  1890s in Europe and the Adoption of Monometallic
  Gold as the Standard.
• The Effect of Vast Gold Discovery in Canada
  South Africa and Advances in Production
  Technology on The Gold Reserve System (400 Mill
  Marks in 1883 to 1,600 Mil. Marks in 1906.)
• The Problem of Inadequate International Reserve
  System in 1920s and the Effect of Lower Gold
  Prices on Reduction of Gold Production and the
  Great Depression in 1930s.

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The Gold Dinar

• RESEARCH STUDY HISTORY!
• Who Does Not Learn from Lessons of History is
  Condemned to Repeat Them
• 6. The Effect of Small Interest Differentials,
  under the Gold Standard (When People had Complete
  Confidence in the Maintenance of the Fixed Rate
  on Short-Term Capital Flows. This was Precisely
  What Enabled Britain to Get Along with a Small
  Gold Reserve in the 19th Century.
• 7. The Advantages of Going Gold Over Floating or
  Adjustable Peg Currency Boards MOST IMPORTANT
  is the Much Smaller International Reserve
  Requirement Needed.
• 8. What Happens If Gold is Effectively Monetized
  and Any New Speculative Bubble in Gold Market
  would Increase Value of Gold Reserves.

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The Gold Dinar

• RESEARCH
• 9. Simulate Past Inter-Country (s) Trading
  Experience Especially During Times of Gold Price
  Instability. How Can The Bank Help in Hedging.
• 10. Develop A Computer War-Game To Simulate The
  Intelligence of the Currency Traders Against That
  of The Gold Dinar Supporters. Stretching the
  Model Under Severe Conditions.
• 11. Develop Scenarios That Can Be Used To
  Discredit the New System and Recommend Solutions.
• 12. Develop Ways Strategies To Disengage
  Thinking in Hard Currencies and Reinforce
  Thinking in Gold Dinar.