sign on gold





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      Annexure - Why incorporate gold?

The “ Sign on gold ” concept intentionally uses gold for the background Under-layer as it will be the most appropriate material to use in this case keeping in mind the following :

1.It will not be possible to reproduce the “Gold” metallic color and finish by any of the present or future copying/scanning techniques.

2. The built in Gold check feature of the proposed specialized scanner will be an additional security advantage.

3. The “ Sign on gold ” which will become such a powerful multi-purpose tool in the hands of an individual empowering him / her to enjoy ultimate in freedom & convenience in all interactions with the society need necessarily be associated with the primacy of Gold. Here it should be mentioned that “ Sign on gold ” will involve very small quantity of gold per signature and about 80% of the gold can / will be reclaimed by suitable process etc., The cost factor will also prevent frivolous use of “ Sign on gold ” also in this digital age most of normal computer documents will not need a signature.

4. Another indirect but major advantage of the " Sign on gold ” will be its contribution towards finding a permanent solution to the glut in gold availability to retain the primacy of gold for a long time to come for every one’s benefit. 

There seems to be NO other Way for a long term solution to the Problem, except by bringing in some new way of Gold usage in a consumable manner by a large Section of the population world-wide.

The “sign on Gold ” concept if appropriately promoted could easily create this required new Gold usage, in ten years it could easily turn out to be a segment consuming more than 1500 tons of gold in a year.

In fact the estimate of 200 million users in the initial stages world wide is a conservative estimate if viewed from the following angle :

It is estimated that in the past 10-15 years more than a Billion computers have been sold world wide, Out of which more than 750 million has been paid out by corporate bodies, Now if it is assumed that most of this is used by individuals and the computer itself has been paid and bought by the corporate is an indication that “ the TOOL to work with has been provided by the corporate to ultimately serve its own purpose ”

Now is it possible to think of any other “ TOOL ” in the hands of more persons, more widely used than a “PEN ”

So there is every possibility that ultimately every Corporate body would be more than willing to empower their employee and foot the bill for the “PEN” as well as the gold paste cartridge used in this “sign on Gold ” concept.

So based on the above mentioned logic, it is very safe to assume that more than 200 million people will be using this concept in the initial stages and on an average use two cartridges of gold paste in a year, each cartridge having say 4 gram of gold content.

This will translate into :

8 gram X 200,000,000 = 1600 Tons per year,

It can reasonably be expected, this segment of users will continuously increase year after year to absorb the increase in gold mined in future ensuring that that the value of the gold will remain at its high value for a very long time to come.

Some collected data connected with gold ( may need correction)

75% of gold usage is for Jewellery.
5-10% industrial uses.
Rest used as monitory reserve
World Gold production approx 4000 tons/year.
Gold held officially as monitory reserve approx 40,000 tons.
Gold held by USA as official reserve approx 10,000 tons( 25% of total world official reserve) Value approx – 100 Billion Dollars.

Just imagine the asset depreciation if and when the gold price falls by say 20%!!!

For more details kindly refer to annexure given under other topics.

 

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